Michael Saylor, co-founder and current president of MicroStrategy (MSTR), revealed this Saturday, November 23, that in the last two weeks his company generated $5.4 billion in profits from its investments in bitcoin (BTC) and the public listing of its shares in the stock markets. This is equivalent, according to the executive himself, to about 500 million dollars a day.
Saylor explained that MicroStrategy’s profits have skyrocketed in recent weeks and that this situation led to a significant increase in the value of the company’s shares, which have experienced a growth of 97% in the last month.
To put the situation in perspective, when MicroStrategy began buying bitcoin in 2020, as part of its treasury, MSTR shares were trading at $9, currently they are trading at more than $420, as reported by NoticiasVE. In other words, MicroStrategy is achieving positive numbers in two ways: its investments in bitcoin and its listing as a publicly traded company.
«We are earning 500 million dollars a day. “I’m looking at my screen and we’re selling dollar bills for $3, sometimes a million times a minute.”
Michael Saylor, presidente de MicroStrategy
Saylor assured, in an interview with CNBC, that MicroStrategy became the company with “the highest profits in the United States” and that the company is “growing rapidly right now. “Not many companies are making $500 million a day on whatever they’re doing.”
Successful plan, bring bitcoin to the treasury
The success of MicroStrategy is generating great interest in the market, and many investors are closely watching the company’s evolution. Saylor’s bold prediction that bitcoin could reach $13 million by 2045 has sparked intense debate about the future of the digital asset and its potential economic implications.
The company, with bitcoin as its flag and even for doing business, became a reference for those who see the future of money in the digital asset. However, this strategy is not without controversy.
Analysts have identified a higher valuation than what would correspond to their bitcoin holdings, suggesting a strong speculative component. Added to this is Saylor’s prediction, who anticipates a future where bitcoin could dominate the global economy.
Beyond the questions about MicroStrategy’s strategy, the truth is that on a global scale more and more companies are announcing that they will carry holdings in bitcoin to their treasuries. This as a long-term strategy to capitalize on possible gains.