Main navigation

Advertisement
AD

Saylor: We Don't Want All of Bitcoin

Fri, 1/08/2025 - 14:15
Strategy's Saylor claims that owning up to 7% of all Bitcoin is not "too much"
Advertisement
Saylor: We Don't Want All of Bitcoin
Cover image via U.Today
Read U.TODAY on
Google News
Advertisement

During a Friday appearance on CNBC's "Squawk Box," former MicroStrategy CEO Michael Saylor stressed that Strategy (formerly MicroStrategy) would not want to own all of Bitcoin. "We want everybody else to have their piece," Saylor added.  

At the same time, he opined that owning 3-7% of the entire Bitcoin supply would not be considered "too much."  

"I don't think we'll get all of it. I don't think that...3-5% or 3-7% is too much," he stated.  

Bitcoin treasury movement "exploding" 

The 60-year-old businessman has noted that there are 160 companies currently capitalizing on Bitcoin. "The Bitcoin treasury movement is exploding," Saylor remarked. 

Advertisement

Public companies currently hold a total of 955,048 Bitcoins, which is 4.55% of the total Bitcoin supply. 

According to Saylor, Bitcoin is "demonetizing" foreign real estate, private equity, public equity and other sorts of store-of-value assets. 

Those who want to create shareholder value should allocate their reserves to tangible assets. While gold and real estate do not make sense, Bitcoin does, Saylor argues.

You Might Also Like

Tech giants are heavily restricted from buying the S&P 500 index or the stocks of other companies due to SEC rules, which is why behemoths like Apple stick to buying their own stock, Saylor says. 

"These companies, like Apple and Microsoft, if they could buy the S&P index, they'd be better off. It's against SEC rules. If the Mag 7 could buy each other's securities, they would be better off. That's against SEC rules," he explained. 

Strategy's IPO spree 

Saylor has recalled that his company has pulled off four initial public offerings (IPOs) during the current year. 

Earlier this week, the Virginia-headquartered company wrapped up its "Stretch" (STRC) IPO, raising an impressive $2.52 billion. 

Saylor has told CNBC that "Stretch" is the company's "most exciting" product to date.   

Strategy takes a "pure digital capital asset" with a lot of volatility and "refines" it into securities that are accessible for professional investors.

Advertisement
Advertisement
Subscribe to daily newsletter

Recommended articles

Our social media
There's a lot to see there, too

Popular articles