U.Today – Michael Saylor and MicroStrategy's Bitcoin Strategy

Michael Saylor, an American businessman, CEO of software giant MicroStrategy, and a prominent Bitcoin supporter, has recently shared insights regarding the leading cryptocurrency.

Known for his impactful posts on Bitcoin, Saylor announced that MicroStrategy operates not only as a software developer but also functions as a Bitcoin treasury company, backed by substantial BTC reserves. He illustrated his argument using a diagram to explain the logic behind MicroStrategy's Bitcoin strategy.

Key Highlights of MicroStrategy's Strategy

The crux of the strategy reveals that MicroStrategy purchases Bitcoin for its balance sheet and utilizes these reserves to issue various securities, including:
– MSTR Options
– MSTR ETFs
– Spot Bitcoin ETFs
– MSTR Convertible Shares
– MSTR Dividend
– MSTR Fixed

It’s notable that the last two instruments are still under development, and details about their structure are yet to be disclosed. Nonetheless, it is evident that MicroStrategy intends to distribute profits, as indicated by the accompanying chart.

Current Bitcoin Holdings

As of now, MicroStrategy holds approximately 252,220 BTC, valued at over $18.91 billion at the current price of around $75,000 per BTC. Significantly, more than half of this amount represents unrealized profit, with the average purchase price sitting at around $39,266.

MicroStrategy's evolution is remarkable; the company has transformed from a conventional software provider to what Michael Saylor describes as the first Bitcoin treasury company.

This article was originally published on U.Today