MicroStrategy Bitcoin Investment Surges to $8.4B in Unrealized Profits

MicroStrategy’s investment in Bitcoin has reached $8.4 billion in unrealized profits under the leadership of its Executive Chairman Michael Saylor.

This amount is staggering, although not too surpising. A Forbes report earlier this month wrote that the company aims to transform into a Bitcoin investment bank. It also has plans to acquire up to $150 billion in Bitcoin.

In a recent interview with Bernstein analysts, Saylor emphasized his belief that Bitcoin is “the most valuable asset in the world.”

“The endgame is to be the leading Bitcoin bank or merchant bank, or you could call it a Bitcoin finance company,” Saylor stated. He highlighted MicroStrategy’s goal to create Bitcoin capital market instruments, including equity, convertibles, fixed income, and preferred shares.

Saylor’s Ambitious Bitcoin Vision

Saylor elaborated on his goal, saying, “If we end up with $20 billion in convertibles, $20 billion in preferred stock, $10 billion in debt, and around $50 billion in various debt instruments and structured products, we’ll have between $100 billion and $150 billion worth of Bitcoin.”

The Forbes report added that Saylor has, so far, amassed over 252,000 Bitcoin valued at approximately $15.7 billion for MicroStrategy. While this move carries the risk of facing a “margin call” — a demand for additional capital if Bitcoin prices drop — Saylor seems to be deeply committed to powering forward.

“I think it’s infinitely scalable,” he was quoted as saying. “I have no doubt that we could raise $100 billion more, and eventually $200 billion after that. Bitcoin is a trillion-dollar asset class poised to grow to $10 trillion and eventually to $100 trillion. The risk is straightforward: it’s Bitcoin. You either believe in Bitcoin, or you don’t.”

Last week, Ethereum co-founder Vitalik Buterin criticized Saylor’s view that Bitcoin and digital assets in general should be placed under the custodianship of “too big to fail” banks like Fidelity Investments and BlackRock. Saylor reportedly called those who doubted the U.S. government’s ability to safeguard their assets as “paranoid crypto-anarchists,” an opinion which Buterin described as “batshit insane.”

Gairika holds positions in BTC. This article is provided for informational purposes only and should not be construed as financial advice. The Shib Magazine and The Shib Daily are the official media and publications of the Shiba Inu cryptocurrency project. Readers are encouraged to conduct their own research and consult with a qualified financial adviser before making any investment decisions.

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