Michael Saylor: Bitcoin is real estate in space! Rich people always like to buy

In an interview with CNBC, MicroStrategy founder Michael Saylor emphasized the importance of the company’s successful transformation into a Bitcoin development company, emphasizing that Bitcoin is a digital asset and not Money in the traditional sense. He believes this strategy helps drive the company's growth and opens up more possibilities for future innovation. Saylor also said that Bitcoin’s unique attributes give it great potential in the field of digital finance and can provide investors with more choices and flexibility. This kind of transformation strategy

MicroStrategy buys another 12,000 Bitcoins

MicroStrategy announced that it has used the funds raised from convertible bonds, plus the idle funds on hand of the company, to buy more The average cost of investing 12,000 Bitcoins is $68,477. MicroStrategy currently holds 205,000 Bitcoins at an average cost of $33,706.

「Bitcoin development company」is better than ETF

Saylor recently announced that MicroStrategy will rebrand and position itself as a “Bitcoin development company”. In this exclusive interview, Saylor used a real estate company to describe the role of MicroStrategy. It plays the role of an agent for Bitcoin and makes good use of its advantages as a software company to generate cash flow. In addition, as a US listed company, MicroStrategy has its own stocks, can also issue bonds on its own, and has an options market.

When the host mentioned that asset management companies such as BlackRock launched Bitcoin spot ETFs in January, people discovered that Bitcoin could be easily owned by buying ETFs. But MicroStrategy has unique advantages, such as the recently issued convertible bonds, which makes Saylor proud.

• Which company can issue bonds with an interest rate below 1%?

• After the issuance of convertible bonds, investors can immediately buy Bitcoin for shareholders without immediately diluting their equity.

• Investors in convertible bonds can Receive interest and have tax advantages, micro-strategy and provide downside protection, as well as conversion profit potential from rising stock prices

Saylor was particularly happy when he mentioned options, because At present, many issuers such as BlackRock have not received approval from the SEC when applying for their Bitcoin ETF options products.

Note: Convertible bonds are bonds with additional clauses. When the stock price is higher than a certain price, the bonds can be converted into stocks at an agreed price. The pricing principle is corporate bonds plus purchased stocks. The right to call an option. This also means that there is an options market for micro-strategy stocks themselves.

Bitcoin is a digital property, not a currency

Saylor mentioned in the interview that Bitcoin is a digital property and is superior to other investments such as gold, stocks or real estate because it is Digital, accessible, global, ethical, and useful to millions of companies and billions of people. He described buying Bitcoin as buying priceless real estate in cyberspace, and rich people always like to buy real estate.

As for everyone who used to say that Bitcoin is a digital currency, he believes that currency is no longer suitable for Bitcoin, and the government is always printing money, and Bitcoin has a total limit.

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