MicroStrategy's Michael Saylor on Incoming Administration, Raising Capital
Dec 18, 2024
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Michael Saylor, Chairman & Co-Founder of MicroStrategy, renowned for pioneering Bitcoin investments, shares his insights on the evolving landscape of digital assets. He discusses the potential for a Crypto Advisory Council under the new administration and reveals ambitious plans to raise $42 billion in capital. Saylor elaborates on MicroStrategy's transformation from a software company to a Bitcoin treasury, emphasizing innovative capital-raising strategies and the crucial role of regulatory frameworks in shaping the future of Bitcoin for corporations.
Michael Saylor remains politically reserved while expressing willingness to engage in cryptocurrency policy discussions with the incoming administration.
MicroStrategy aims to raise $42 billion primarily through convertible debt to expand its Bitcoin holdings, emphasizing a unique treasury model.
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Michael Saylor's Stance on Crypto and Politics
Michael Saylor, co-founder of MicroStrategy, has maintained a relatively reserved stance on his political views amid the growing political landscape surrounding cryptocurrency. He acknowledges meeting with members of the incoming administration but refrains from disclosing further details. Saylor expresses openness to serving on a digital assets advisory council, highlighting his willingness to contribute to constructive policy discussions related to cryptocurrencies. His focus remains primarily on guiding digital asset policies that can benefit the broader community.
MicroStrategy's Bold Bitcoin Strategy
MicroStrategy has ambitious plans to raise $42 billion over three years, primarily through convertible debt offerings, to increase its Bitcoin holdings. Saylor noted that recent market enthusiasm has enabled them to accelerate their plans, expecting to achieve this target sooner than anticipated. The company's strategic decision to focus on developing a Bitcoin treasury model is seen as a unique approach, differentiating it from traditional operations within the software industry. Saylor believes that adopting fair value accounting in 2025 could lead to significant investment income, enhancing shareholder value through Bitcoin treasury operations.
MicroStrategy Chairman & Co-Founder Michael Saylor discusses his opinions on a possible Crypto Advisory Council, and how MicroStrategy continues to raise capital with Bloomberg's Sonali Basak and Katie Greifeld.