In recent crypto news, Michael Saylor a man whose company Microstrategy would have reached Microsoft levels of success had the investment juggernauts of the time had different mentalities, instead Microstrategy pivoted going from a highly valued tech company to one of the most astronomically valuable Bitcoin custody companies in the world, Saylor is known for pushing the dial on value and redefining what it is through his innovative share structure to buy a slice of his Bitcoin stockpile.
The Bitcoin giant who bets on orange every time now has announced the company will purchase Bitcoin every quarter further bolstering its already substantial holdings with 714,844 Bitcoins held clocking in at $54,35 Billion at a purchase price of $76,056 per Bitcoin. This coupled with its unique share structure that offers dividends makes it an interesting contender to direct Bitcoin holdings that doesn’t seem to be slowing down anytime soon. In fact the crux of the strategy behind Microstrategy is betting that overtime Bitcoin appreciates meaning the purchase price is stats below the Bitcoin price overtime.
Much like gold, Bitcoin is increasingly seen as a scarcity store of value asset where most recognise that returns are made in the medium to long term and it’s a roller coaster ride to get there.