MicroStrategy Designs Bitcoin Bank, MSTR Shares Reach Highest Record

JAKARTA - MicroStrategy, a technology company known for its large accumulation of Bitcoin (BTC), is again stealing public attention with its ambitious plans to establish a Bitcoin bank. This move not only strengthens its position as the company with the largest Bitcoin reserves, but also has the potential to change the way the world views and uses Bitcoin as a financial asset. This plan has a major impact on the company's share price, MSTR, which has soared to reach an all-time high (All-Time High/ATH) point.

Reporting from Ambcrypto, on October 11, MicroStrategy shares rose 15% to 212.50 US Dollars (Rp3.3 million) per share during trading sessions, surpassing previous resistance at 200 US Dollars (Rp3.1 million). This increase comes after MicroStrategy founder Michael Saylor announced to analysts at Bernstein that the company plans to become a Bitcoin bank with a valuation of 1 trillion US Dollars (Rp15.6 quadrillion).

In a statement, Saylor said that MicroStrategy's ultimate goal was to create a Bitcoin-based capital market, including financial instruments such as equity, bonds of conversion, to fixed revenue. This grand plan is expected to take advantage of Bitcoin's rapid growth as the world's largest digital asset. Saylor even projects that the value of Bitcoin could reach 3 million US Dollars (Rp46.8 billion) to 49 million US Dollars (Rp764 billion) by 2045.

Furthermore, Saylor emphasized that the only thing that is better than having Bitcoin is having more Bitcoin. This statement is in line with the company's strategy of continuing to increase Bitcoin ownership, which is currently recorded at 252,220 BTC or around 15.8 billion US Dollars (Rp246 trillion), based on data from Bitcoin Treasury.

The Bitcoin bank's proposed concept is to create Bitcoin-based financial institutions, similar to traditional financial institutions that offer other asset-based products. However, instead of lending their Bitcoins, MicroStrategy prefers to create new Bitcoin-based financial instruments, such as bonds or stocks.

This idea is actually nothing new. In 2010, Hal Finney, one of the initial contributors to the Bitcoin network, once proposed a similar concept. However, many experts in the market suggested that more sophisticated self-conserving technology be implemented in order to maintain the transparency and honesty of the Bitcoin-based financial system.