Michael Saylor Reveals MicroStrategy's Plan: Will Be The World's Largest Bitcoin Bank!
JAKARTA - In an interview with analyst from Bernstein, MicroStrategy CEO Michael Saylor revealed that his company has ambitions to become the world's largest Bitcoin bank. He sees Bitcoin (BTC) as the best performing asset of the century and the main pillar in the future financial system.
MicroStrategy's accumulated Bitcoin strategy is clearly seen with the recent purchase of 7,420 BTC, which makes the company's total Bitcoin reserves reach 252,220 BTC. The investment is estimated to be worth US$9.9 billion (around Rp148.5 trillion) with a debt burden of US$4 billion (Rp60 trillion).
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Currently, MicroStrategy controls about 1.2% of Bitcoin's total global supply, making it the world's largest Bitcoin holding company. Bitcoin reserves now worth more than 15 billion US dollars (Rp225 trillion).
Saylor is optimistic that with the scarcity and volatility of Bitcoin, these assets will continue to grow, even reaching a value of millions of dollars per coin in the future. According to him, by continuing to invest in Bitcoin, MicroStrategy could become a trillion-dollar company.
Saylor also highlighted MicroStrategy's different unique strategy from traditional banks. Instead of lending Bitcoin, the company focuses on borrowing low-interest money and investing it directly into Bitcoin. This model allows MicroStrategy to reduce third-party risk while at the same time leveraging Bitcoin growth, which is predicted to reach an average of 29% per year.