The post Michael Saylor Reveals Strategy’s $100 Billion Bitcoin Plan appeared first on Coinpedia Fintech News

Michael Saylor is doubling down on Bitcoin again. In a recent CNBC interview, he hinted that Strategy could eventually acquire up to 1.5 million Bitcoin. 

This shows how strongly Saylor believes in Bitcoin as the ultimate store of value, and this is a sign that he is not slowing down.

Strategy’s $100B Bitcoin Vision

Strategy (formerly Microstrategy) is the largest corporate holder of Bitcoin, with a staggering 628,791 BTC, which is about 3% of the total Bitcoin supply that will ever exist. Executive Chairman Michael Saylor suggested that Strategy may one day hold up to 1.5 million BTC, worth over $100 billion at current prices.

“I don’t think we’ll get all of it. I don’t think that the range of 3 to 7% is too much,” he said. 

Saylor says Bitcoin is “digital capital” at the core of a unique business model.

A unique model is being followed at the company where Bitcoin is accumulated, and preferred stock is issued against it. This helps remove volatility for investors and offers yield. A recent stock offering planned at $500 million was raised to $2.5 billion due to high demand, making it the largest public offering of the year so far.

Bitcoin Treasuries Are Going Global 

While Strategy holds a massive 3% chunk, Saylor welcomes the growth of the Bitcoin treasury movement. “There are now 160 public companies capitalizing on Bitcoin, up from just 60 last year,” he said. Companies from Japan, France, the UK, and the US are joining the wave, with MetaPlanet, Capital B, Smarter Web, and Pompliano’s 21 among them.

Saylor said that Bitcoin is gradually replacing traditional stores of value like foreign real estate, public equity, and even gold. 

He also pointed out that companies like Apple and Microsoft are restricted from buying each other’s stock or the broader S&P 500. So instead, they repurchase their own shares, or now they turn to Bitcoin.

MSTR Earnings Soar, Institutions Stack Up BTC

Strategy crushed expectations this quarter, posting earnings of $32.52 per share, over 35,000% above the forecast of -$0.09. This shows that Saylor’s bold strategy is clearly paying off. 

Other institutions also continue to stack up Bitcoin. Coinbase CEO, Brian Armstrong, just confirmed they added 2,509 BTC in Q2 alone. This has pushed Coinbase into the top 10 list of public companies holding Bitcoin, surpassing even Tesla. 

Metaplanet recently revealed plans to raise $3.73B via preferred shares to fund its bold Bitcoin target of 210,000 BTC by 2027.

It’s as evident as ever – the Bitcoin corporate adoption wave is gaining momentum and Strategy is leading!