Global Companies Frenziedly Acquire 700,000 Bitcoins! MicroStrategy’s Saylor: Avoid Staking, Directly Tokenize BTC.
MicroStrategy Founder Michael Saylor Reiterates the Importance of Bitcoin
MicroStrategy founder Michael Saylor reiterated the significance of Bitcoin in a recent interview, analyzing the factors for its adoption in terms of corporate structure and CEO personality traits. He also opposed the notion of “staking” Bitcoin and stated that companies should currently focus on “securitizing Bitcoin.”
Why Bitcoin is a “Lifeline” for Businesses
Saylor described the current financial state of businesses as akin to “Type 1 diabetes patients,” with Bitcoin serving as the “insulin that saves the patients.” He pointed out:
- Using short-term U.S. Treasury bonds as corporate assets can only provide an annual return of 2-3%
- But the actual cost can be as high as 10-15%
- Resulting in an annual loss of 10%
In contrast, the long-term average return on Bitcoin far exceeds the “cost of capital” for corporate operations, making it the first truly “value-preserving and appreciating” asset option for businesses in a century.
Traits of CEOs Who Adopt the Bitcoin Standard
Saylor stated, “CEOs considering the Bitcoin standard do so not out of a desire for innovation, but because they have no choice.” He cited examples of yoga practitioners forced to shutter their businesses during the pandemic and medium-sized enterprises crushed by tech giants, representing typical cases of “having no way out and needing to take a gamble.”
“Bitcoin has inspired these operators, who have no retreat, to muster the courage to stake their lives and businesses,” Saylor emphasized.
The Board Can Be a Barrier, but Determined CEOs Can Turn the Tide
Saylor shared that the three key figures for a business to implement the Bitcoin standard are:
- CEO
- CFO
- General Counsel
“Sometimes, just one board member’s opposition can halt everything,” he advised, suggesting that if board members cannot understand, they should be replaced.
Not Just the U.S., Companies Worldwide are Joining In
According to Bitwise data, approximately 80 publicly traded companies currently hold Bitcoin, totaling nearly 700,000 coins with a market value of around $57 billion.
Japanese company MetaPlanet and Hong Kong’s WiseTech are also actively joining the ranks of businesses holding Bitcoin, reflecting a trend that transcends cultural and geographical boundaries.
Bitcoin Securitization Becomes Key, No Need to Participate in Staking Mechanisms
Saylor stated that his company positions itself as a “Bitcoin financial company,” attracting investors with various:
- Securities
- Convertible Bonds
- Preferred Stocks
- Warrants
He emphasized:
“Bitcoin itself is a high-value collateral that can generate returns without the need for complex DeFi or staking mechanisms.”
Regarding Bitcoin as a Medium of Exchange, Saylor Says Capital Preservation is Enough
In response to Jack Dorsey’s assertion that Bitcoin must become a medium of exchange to become mainstream, Saylor believes:
“Gold, real estate, and art are not mediums of exchange, yet they can generate trillions of dollars in value. Bitcoin is sufficient as a store of value.”
Only Those with No Alternatives Will Adopt Bitcoin
While institutions like the Czech central bank have publicly expressed interest in holding Bitcoin, Saylor stressed that whether it be nations, businesses, or individuals, “it will be the most desperate and those with no alternatives who adopt the new standard.” He noted that the pace of national entities entering the market will be much slower than that of businesses, but this battle for capital preservation has already begun.
Bitcoin is Not Just a Financial Report Option, It’s the Helmsman of the Capital Era
Finally, he stated that for businesses, holding Bitcoin is not about “speculating for wealth,” but about avoiding being devoured by inflation and capital erosion. The Bitcoin standard represents a new contract concerning sovereignty, stability, and freedom, and this contract will be signed first by the most courageous entrepreneurs.
Risk Warning
Investing in cryptocurrencies carries high risks, and their prices may fluctuate drastically. You may lose your entire principal. Please evaluate the risks carefully.