28.10.2024 | MicroStrategy CEO explains to Microsoft how to earn a trillion dollars.
How do you make a trillion dollars? It's simple: just call Michael Saylor, the founder and CEO of MicroStrategy, and follow his advice. And his advice is to do what he has done: invest in bitcoin. This suggestion came after Saylor learned that Microsoft shareholders are set to vote in December on whether to invest in the leading cryptocurrency, despite the tech giant’s board of directors opposing the move. Saylor offered this advice directly to Microsoft CEO Satya Nadella on the social platform X.
The Information and Analytics Department at XPBEE notes that Saylor could have given Microsoft even better advice: rather than investing in bitcoin itself, it might be more profitable to invest in MicroStrategy shares, as the company, in turn, invests heavily in digital gold. Recently, Saylor shared a chart showing the performance of MicroStrategy’s stock, bitcoin, and the S&P500 index. Since the beginning of the year, MicroStrategy’s stock price has surged from $45 to $235, marking a more than fourfold increase. Bitcoin rose 1.6 times (from $42,000 to $67,000), while the S&P500 increased 1.3 times (from 4,480 to 5,800). Microsoft, with a growth rate of 1.16 times (from $367 to $428 per share), was the underperformer on this list, leaving its shareholders something to ponder.
MicroStrategy made its first bitcoin purchase in August 2020 and currently holds the largest private stash of the asset—252,220 BTC valued at $16.9 billion. Saylor envisions his company becoming a "bitcoin bank" and predicts its market capitalisation could rise from its current $47 billion to $1 trillion. According to XPBEE analysts, since MicroStrategy's initial bitcoin investment in August 2020, the company's shares have soared by 1,578%. Such ambitious plans from Michael Saylor no longer seem outlandish.