MicroStrategy founder and executive chairman Michael Saylor told Bernstein that the endgame for the company is to become the leading Bitcoin bank with a $1 trillion valuation.
Bitcoin “is the most valuable asset in the world,” Saylor told Bernstein in a recent interview, according to an Oct. 11 research note reported by The Block . The leading crypto “is going to go to millions [of dollars] a coin,” catapulting MicroStrategy to a “trillion dollar company,” he added.
MicroStrategy Could Increase Its BTC Holdings By As Much As 10X
MicroStrategy has been accumulating large amounts of BTC since 2020 via debt and equity offerings to maximize returns to investors. Last month, the company bought another 7,420 BTC to push its total holdings to 252,220 coins valued at around $15 billion.
The firm’s decision to accumulate BTC is based on the belief that Bitcoin is the best deflationary asset. Saylor thinks MicroStrategy will be able to increase its current BTC holdings 10-fold in the coming years as it heads for that $1 trillion valuation.
“If we end up with $20bn of converts, $20bn of preferred stock, $10bn of debt and say $50bn billion of some kind of debt instrument and structures instrument, we’ll have $100-$150bn of Bitcoin ,” he told Bernstein.
With additional “volatility and ARR,” the MicroStrategy founder believes the company could trade at a 100% premium to the potential $150 billion BTC reserves that Saylor wants to build. Thereafter, he aims to make the firm a $300-$400 billion company “with the biggest options market” and “the biggest equity market.”
Michael Saylor Calls Bitcoin A “Trillion Dollar Asset Class”
When asked how scalable MicroStrategy’s debt strategy is, Saylor responded by saying that it is “infinitely scalable.” He added that he does not foresee any issues with raising another $100 billion in capital before an additional $200 billion thereafter.
Bitcoin is a “trillion dollar asset class going to $10 trillion and then going to $100 trillion,” he said.
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