During a Q&A session with investors, moderated by Natalie Brunell, MicroStrategy founder Michael Saylor and CEO Phong Le made important statements regarding the company's strategy on treasury holdings, stock dynamics, and Bitcoin's place in the global financial ecosystem. Saylor called Bitcoin the fundamental "capital asset" of the digital world, stating that the company is building its future growth plans directly upon this foundation.
Michael Saylor stated that, contrary to common belief in financial markets, Bitcoin is not a traditional payment method or everyday currency, but rather digital capital. He noted that 99.9% of the world's economic value is currently concentrated in traditional capital markets, real estate, gold, and credit, excluding Bitcoin, and that for the Bitcoin network to grow 10-100 times, an influx of capital from the traditional financial world is necessary. The digital credit instruments developed by the company are intended to stimulate this capital inflow.
Addressing investor concerns about stock dilution and loss of value, CEO Phong Le stated that raising capital and issuing new instruments create value for shareholders if they increase the amount of Bitcoin per share. Stating that a 50 percent drop in Bitcoin naturally leads to stock price fluctuations of up to 75%, the company's management emphasized that MicroStrategy employs a long-term model of borrowing and equity growth, and is not a short-term Bitcoin trading company.
The company also conveyed information on treasury management. It was stated that besides increasing US dollar liquidity, dynamic steps could be taken depending on market conditions, such as buying BTC, repurchasing credit instruments, or accumulating US dollar reserves.
Saylor stated that he still believes Bitcoin could reach between $1 million and $10 million in the future, as the company will accumulate an increasing share of its supply. He dismissed investor suggestions for paying dividends in Bitcoin, considering it financially unsound. According to Saylor, the most rational strategy is to borrow in cheap, inflation-resistant fiat currencies (such as dollars or yen) and invest the funds in Bitcoin, the strongest asset, which is consistently appreciating.
*This is not investment advice.
end-content
