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International Business Times
International Business Times
Business
Marvie Basilan

MicroStrategy's Ultimate Goal Is To Become A $1 Trillion Bitcoin Bank

MicroStrategy founder and executive chairman Michael Saylor speaks to Peter McCormack of the What Bitcoin Did podcast regarding the approval of spot Ether ETFs. YouTube | Bitcoin is Forever Money with Michael Saylor (Credit: What Bitcoin Did YouTube Channel/Screenshot)

KEY POINTS

  • Saylor told Bernstein analysts that the goal is to become a $1 trillion Bitcoin bank
  • He reiterated that it all boils down to one's belief in $BTC as 'something' or 'nothing'
  • MSTR has soared 1,620% since it adopted its Bitcoin strategy in August 2020

MicroStrategy is known for its Bitcoin strategy that some traditional firms initially had a negative reaction to, but years later, the tech firm founded by Michael Saylor has become one of the top corporate holders of BTC and so far, its investments are paying off well.

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