MicroStrategy stock soars 10% as it pursues Bitcoin bank ambitions
MicroStrategy's strategic acquisitions boost its Bitcoin holdings to $15 billion.
- MicroStrategy's stock price jumped by 10% after it revealed its plans to become a Bitcoin bank.
- Saylor envisions MicroStrategy as a leading Bitcoin bank, leveraging bitcoin's growth to dominate the market.
Michael Saylor said in a recent interview with Bernstein that he planned to make the company a leading Bitcoin-focused financial institution like the merchant bank—a Bitcoin bank that could grow into a trillion-dollar company if Bitcoin’s value increases.
According to Saylor, MicroStrategy plans to borrow funds through diverse capital market instruments, and use those funds to invest in Bitcoin. He anticipates an average annual return of approximately 29% on this investment strategy.
Saylor’s prediction is that Bitcoin’s value will surge to millions of dollars per coin in the future, propelling MicroStrategy’s valuation to a staggering $300-400 billion, potentially even reaching the trillion-dollar mark.
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