- Michael Saylor revealed MicroStrategy’s “exclusive relationship” with Bitcoin.
- The company is committed to various Bitcoin principles.
- The revelation came amid MicroStrategy’s plan for an additional multibillion-dollar Bitcoin purchase.
MicroStrategy’s co-founder and executive chairman, Michael Saylor , has revealed the company’s Bitcoin success principles, underscoring its commitment to the original cryptocurrency.
Saylor’s revelation came barely two days after MicroStrategy announced its ambitious plan to raise $42 billion in capital to acquire additional Bitcoins . Dubbed the “21/21 Plan,” the scheme seeks to raise $21 billion of equity and another $21 billion of debt offerings over the next three years.
MicroStrategy’s Bitcoin Principles
Michael Saylor recently took it to X to share MicroStrategy’s “exclusive relationship” with Bitcoin, including certain principles that enabled the company’s stock MSTR to experience significant growth in market capitalization and share price in the last four years.
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According to Saylor, MicroStrategy’s nine core Bitcoin principles include buying and holding BTC “indefinitely, exclusively, and securely” while accumulating more of the original cryptocurrency to achieve positive BTC yield.
The company’s commitment to the world’s largest crypto asset extends to issuing fixed-income securities backed by BTC, structuring MSTR to outperform BTC via intelligent leverage, prioritizing MSTR common stock’s long-term value creation, and promoting the global adoption of Bitcoin as a treasury reserve asset.
In addition to growing “rapidly and responsibly,” MicroStrategy is dedicated to fostering transparency with investors and maintaining a healthy, robust, and pristine balance sheet as part of its Bitcoin strategy.
The declaration came a few minutes after MicroStrategy shifted 1,652 BTC ($114.38) million from its known address to a different wallet. The company currently holds 252,220 BTC ($17.56 billion), with an average buying price of $39,266 and an unrealized profit of $7.65 billion.
CoinMarketCap data shows that Bitcoin traded at $69,456 at the time of writing, having lost 1.13% in the last 24 hours.
Stay updated on MicroStrategy’s latest Bitcoin acquisition:
MicroStrategy Buys 7,420 Bitcoins Shortly After $1.01B Debt Offering
Read why Bitcoiners were recently alarmed by Michael Saylor’s moves:
Bitcoiners Alarmed by Saylor Cozying Up to Uncle Sam
