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<p>Ambitious plans are underway to transform MicroStrategy into a leading Bitcoin Bank. Michael Saylor disclosed that the firm will acquire up to $150 billion worth of Bitcoin to make the dream come true as the price of BTC rebounded above $60K.</p> 
<p>During a recent interview with Bernstein analysts, the MicroStrategy Chairman <a href="https://www.theblock.co/post/320655/microstrategy-trillion-dollar-valuation-bitcoin-bank-michael-saylor-bernstein?utm_source=rss&amp;utm_medium=rss" rel="nofollow noopener" target="_blank">unveiled</a> ambitious plans that include acquiring more Bitcoin. The company intends to transform into a MicroStrategy Bitcoin bank and currently has over 252,000 Bitcoin worth over $15 billion.</p> 
<h2 id="a-working-scalability-strategy">A Working Scalability Strategy</h2> 
<p>Michael Saylor believed in Bitcoin’s power and was optimistic that acquiring an additional $150 billion worth of BTC would take the firm to at least $1 trillion. Calling Bitcoin the world’s most valuable asset, offering up to 29% annual return on investment, the MicroStrategy co-founder asserted that their endgame was to become “the leading Bitcoin bank.”</p> 
<p><img loading="lazy" decoding="async" class="size-full wp-image-23187 aligncenter" src="https://www.turkishnyradio.com/wp-content/uploads/2024/10/bvvvvvv.jpg" alt="Michael Saylor Drives MicroStrategy's Bold Move to Become the Top Bitcoin Bank" width="1332" height="761" title="Michael Saylor Drives MicroStrategy's Bold Move to Become the Top Bitcoin Bank 31" srcset="https://www.turkishnyradio.com/wp-content/uploads/2024/10/bvvvvvv.jpg 1332w, https://www.turkishnyradio.com/wp-content/uploads/2024/10/bvvvvvv-768x439.jpg 768w" sizes="(max-width: 1332px) 100vw, 1332px"></p> 
<p>MicroStrategy is currently among the companies with the highest Bitcoin holdings, having aggressively bought up BTC since 2020, mainly through debt and equity. The firm’s latest acquisition of Bitcoin was in September when it acquired 7,420 BTC to reach 252,200.</p> 
<p>Currently, MicroStrategy holds at least 1.2 per cent of Bitcoin’s supply of 21 million, valued at $9.9 billion with at least $3 billion in debt. According to Saylor, the firm has a scalability strategy that would enable it to raise a further $100 billion or more to acquire more Bitcoin.</p> 
<h2 id="a-long-term-store-of-value">A Long-Term Store of Value</h2> 
<p>MicroStrategy launched in 1989 as a software company, but the firm started purchasing Bitcoin as early as 2021. However, some of its BTC stash is held in a de facto crypto proxy. The company’s strategy includes issuing debt to acquire as much Bitcoin as possible, which is built on the belief that the long-term value appreciation of the asset would be useful when inflation hits fiat currencies.</p> 
<p>According to Michael Saylor, while BTC currently accounts for 1% of the world’s financial capital, there’s a chance that Bitcoin will surge to at least 7% by 2045. He believes that the price of Bitcoin will be at least $13 million at that point. During the last three years, MicroStrategy bought at least 18,300 Bitcoin worth over $1.2 billion, its biggest one-time purchase ever.</p> 
<p>At a time when most other people have entered a gold rush for fear of an imminent WW3 due to the goings-on in the Middle East, Michael Saylor is making a case for Bitcoin. His desire to create the world’s leading Bitcoin bank is testimony to his belief in Bitcoin’s strong value, which he believes will soon achieve legitimacy as a long-term store of value.</p> 
<h2 id="an-imminent-digital-gold-rush">An Imminent Digital Gold Rush</h2> 
<p>Saylor said we are “watching the birth of a new asset class” that will soon achieve legitimacy as “regulators and financial firms embrace it.” He further asserted that after undergoing “a stage of idealism” followed by the crazy years, “we’re now in the stage of corporate and institutional adoption.”</p> 
<p><img loading="lazy" decoding="async" class="size-full wp-image-23189 aligncenter" src="https://www.turkishnyradio.com/wp-content/uploads/2024/10/bbbbbbbbbv-v.jpg" alt="Michael Saylor Drives MicroStrategy's Bold Move to Become the Top Bitcoin Bank" width="1325" height="757" title="Michael Saylor Drives MicroStrategy's Bold Move to Become the Top Bitcoin Bank 32" srcset="https://www.turkishnyradio.com/wp-content/uploads/2024/10/bbbbbbbbbv-v.jpg 1325w, https://www.turkishnyradio.com/wp-content/uploads/2024/10/bbbbbbbbbv-v-768x439.jpg 768w" sizes="(max-width: 1325px) 100vw, 1325px"></p> 
<p>According to him, it was the first time in a century that the world witnessed a new asset class offering a “new way to think about money and capital” and that regulators were already embracing it. Pointing at the recent approvals of Bitcoin and Ether spot exchange-traded funds in the United States, he averred that political will would allow Wall Street to custody BTC. Saylor opined that the politics surrounding crypto during the ongoing <a href="https://www.turkishnyradio.com/crypto-for-harris-launched-as-white-house-tackles-industry-concerns/">US presidential campaigns</a> were a sign that mainstream adoptions towards the “digital gold rush” were imminent.</p> 
<h2 id="conclusion">Conclusion</h2> 
<p>Michael Saylor’s vision for a leading Bitcoin bank is one whose core business will be creating a BTC capital market offering equity, convertibles, preferred shares and fixed income. Saylor’s dream is for a MicroStrategy Bitcoin bank that focuses on “lending to Bitcoin” through investing in the cryptocurrency instead of lending out its BTC holdings like a traditional bank. &nbsp;The firm plans to continue using its low-cost debt strategy to acquire more Bitcoin with prospects of earning as high as 50% annually in returns, as he believes investing in Bitcoin is safer than lending to individuals, institutions and governments.</p>

Michael Saylor Drives MicroStrategy’s Bold Move to Become the Top Bitcoin Bank

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