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MicroStrategy Aims for Trillion-Dollar Bitcoin Bank, Targeting $100 Billion in Capital and Bitcoin at Millions per Coin

Oct 11, 2024, 12:46 PM

MicroStrategy, led by founder Michael Saylor, aims to become the world's first trillion-dollar Bitcoin bank. In a recent discussion with Bernstein analysts, Saylor outlined the company's ambitious strategy, which includes creating Bitcoin capital market instruments that encompass stocks, convertible stocks, fixed income, and preferred stocks. He emphasized the scalability of their Bitcoin strategy, stating, "I don't have any problem seeing how we could raise $100 billion more capital and then $200 billion after that." MicroStrategy has accumulated over 252,000 BTC since 2020, making it the largest corporate holder of Bitcoin. Saylor believes that as Bitcoin's value increases, potentially reaching millions per coin, the company can achieve its goal of becoming a trillion-dollar entity.