MicroStrategy Sets Sights on Trillion-Dollar Valuation as Bitcoin Bank
Michael Saylor aims to transform MicroStrategy into a leading Bitcoin finance company, leveraging massive cryptocurrency investments.
- MicroStrategy, under Michael Saylor's leadership, has amassed 252,220 Bitcoins, making it the largest corporate holder of the cryptocurrency.
- The company plans to evolve into a 'Bitcoin bank,' focusing on creating capital market instruments tied to Bitcoin.
- Saylor envisions Bitcoin as a hedge against inflation and predicts its value could reach $13 million per coin by 2045.
- MicroStrategy's strategy involves borrowing capital at low rates and investing in Bitcoin, aiming for a trillion-dollar market valuation.
- Bernstein Research has rated MicroStrategy as 'Outperform,' with a projected price target of $290, reflecting confidence in its Bitcoin-centric strategy.