Latest Michael Saylor News and Insights | Yellow.com

Japanese investment firm Metaplanet has acquired 20.2 Bitcoin. This latest purchase brings its total holdings to 161.3 BTC. Michael Saylor isn't going to be jealous, just yet. But it's only a beginning of the long path to compete with him. The Tokyo-based company invested 200 million yen ($1.2 million) in this acquisition. Metaplanet announced the purchase on social media after the Tokyo Stock Exchange closed. Last week, Metaplanet revealed plans to invest $6 million in Bitcoin. The funds for this purchase will come from a recent bond sale. The company, dubbed "Asia's MicroStrategy," will record its long-term Bitcoin holdings at acquisition cost. These are exempt from quarterly market value assessments for tax purposes. Other Bitcoin holdings will be evaluated at market prices each quarter. Gains or losses will be recorded under non-operating income or expenses. Metaplanet decided to incorporate Bitcoin into its treasury assets in April. The move aims to reduce exposure to the Japanese yen, affected by low interest rates. Simply put, Bitcoin seems more stable for long-term investments, that yen. The company sees Bitcoin as a hedge against inflation and a tool for macroeconomic resilience. Metaplanet's strategy mirrors that of MicroStrategy, a Virginia-based software developer. MicroStrategy, run by Michael Saylor, has been buying Bitcoin for nearly four years. It now holds over 226,000 BTC, more than 1% of Bitcoin's total supply. That makes Saylor a constant and unyielding Bitcoin bull. This approach is not unique to Metaplanet and MicroStrategy. More companies are likely to follow suit. Corporate treasurers are exploring Bitcoin as a reserve asset due to economic uncertainties. The most popular way to obtain some Bitcoin is, of course, buying ETFs. Thus you don't need to hold actual crypto, secure the keys, whatsoever. But some companies do like it Saylor's way. Abra, a digital asset platform, reports increasing interest from non-crypto businesses in using Bitcoin as a treasury reserve asset. Marissa Kim, Head of Asset Management at Abra Capital Management, notes particular interest from real estate companies and SMBs. The trend reflects growing concerns about inflation and geopolitical tensions. It suggests a shift in corporate treasury management strategies. More companies may adopt Bitcoin as a hedge against economic instability.

Michael Saylor, MicroStrategy's executive chairman, and a frantic crypto bull, has made some new bold claims about Bitcoin's future. Saylor predicts Bitcoin will reach $10 million per coin. Yes, you got that right. $10 million. His comments came during a podcast interview with Robin Seyr. He believes China will fully embrace the cryptocurrency. "The cost of Bitcoin's going to go up to 10 million dollars a coin," Saylor stated. He added, "Perfect money is economic immortality. Imperfect money is: we all have a short, brutal life." Saylor views Bitcoin as a corporate immortality mechanism. He posed the question: "What if I told you I could make your company live forever?" He argues that Bitcoin has rendered previous economic models obsolete. "Economics is pseudoscience before Satoshi," Saylor asserted. "It's a quasi-religious liberal art, and it's full of people's opinions and prejudices and biases." Saylor contends that Bitcoin investment could extend corporate longevity. "The average life expectancy of a corporation is something like 10 years," he noted. He elaborated on the potential impact: "We're talking about eliminating corporate mortality; we're talking about stretching economic vitality easily by a factor of 10, maybe by a factor of a hundred, maybe by a factor of a million." Saylor strongly believes we will see widespread adoption of Bitcoin in not so distant future, and he specifically mentioned China's potential embrace of the cryptocurrency. Which might sound a little confusing, given how harshly Chinese authorities treat the crypto market. And as usual, Saylor's statements reflect his strong belief in Bitcoin's transformative power for both corporations and national economies. Yet, the traditional financial experts and analysts find it hard to seen anything beyond bullish speculations in Saylor's words.

MicroStrategy keeps buying Bitcoin. Shown its unwavering commitment to the leading ctyprocurrency, Michael Saylor's company recently acquired a whopping 11,931 BTC at a cost of $786 million. The purchase was carried out between April 27 and June 19, 2024. The Bitcoin were bought at an average price of $65,883 per coin. As of June 20, 2024, MicroStrategy, led by a prominent crypto bull Michael Saylor, holds an impressive total of 226,331 bitcoins. MicroStrategy remains the largest public Bitcoin holder, owning 1% of BTC's total supply. The average purchase price per bitcoin stands at $36,798, including fees and expenses. That puts Saylor in green with rather impressive profit margins. Even at the current price levels, not to mention any surge to $100,000 or above that. Saylor has recently predicted that Bitcoin will cost $8 million per coin someday. He also outlined his personal 21 rules of HODLing Bitcoin. With its latest acquisition, MicroStrategy continues to blaze a trail in the adoption of digital assets. It remains to be seen how this bold strategy will play out in the long run. But one thing is certain: MicroStrategy's faith in Bitcoin shows no signs of wavering. Michael Saylor, the charismatic co-founder and CEO of MicroStrategy, is a visionary entrepreneur, often compared with the likes of Steve Jobs and Elon Musk. Saylor's credo is simple, yet powerful. He believes that Bitcoin is the future of money. He hopes Bitcoin will revolutionize the global financial system. He once stated, "Bitcoin is a bank in cyberspace, run by incorruptible software, offering a global, affordable, simple, & secure savings account to billions of people that don't have the option or desire to run their own hedge fund." Another memorable quote from Saylor is, "I think that Bitcoin is the most important invention of the human race since the invention of fire."

We all know that Michael Saylor is bullish on Bitcoin, and we all know why. Buying and holding Bitcoin in anticipation of the price surge is basically his business. But yesterday Saylor kind of outshined himself. His new prediction for future BTC is as high as a whopping $8 million per coin. While speaking at the Prague event for Bitcoin, Saylor unveiled his own philosophy around Bitcoin. And his philosophy is rather unexpectedly based on his failure to recognize Bitcoin potential in the past. Saylor noted he was indecisive when considering investing in Bitcoin for the first time. Back in 2013, Saylor looked at Bitcoin and dismissed it. The leading cryptocurrency seemed to have potential for online gambling and nothing else, he remembers. So, he lost the opportunity to buy when Bitcoin traded at $892. By the time he finally started investing, Bitcoin reached $9,500. “I got the price I deserved,” Saylor said. He now calls Bitcoin a digital gold. And his newest prediction for Bitcoin goes to a height on other bull has ever reached. Saylor says that one day we will see Bitcoin trading at $8 million per coin. According to MicroStrategy chief, many investors are still reluctant to enter the market. And that is a tragic mistake. Bitcoin is going up and when it hits, say, $950,000, you will be sorry you didn't buy it at $700,000. Just as well as $950,00 will seem a golden opportunity missed, when BTC skyrockets to the aforementioned $8 million. Analysts note, that these comments come amidst MicroStrategy’s recent disclosure that it wants to increase its Bitcoin holdings. Saylor might be just pumping Bitcoin price. His core interest lies in the constant growth of Bitcoin. But who are we to judge? Everyone in crypto world will only benefit if the leading cryptocurrency will cost fortune. You better be one of those holding some BTC by that time, right?

Bitcoin can reach $1 million by 2033, analysts at Bernstein claim. This stunning prediction came as a part of the coverage of MicroStrategy, that Bernstein is doing now. Bernstein analysts state, that MicroStrategy is the biggest holder of Bitcoin right now. The company, led by a prominent Bitcoin maximalis Michael Saylor, now owns 1.1% of the global Bitcoin supply. It's about 214,000 Bitcoin, to be precise, worth approximately $14.59 billion in current prices. According to Bernstein, MicroStrategy’s active leveraged Bitcoin strategy differentiates it from passive spot exchange-traded funds (ETFs). And might be considered more effective as it has resulted in a higher amount of Bitcoin per equity share. Analysts predict that by 2025 Bitcoin might reach $200,000. And by 2029 the price can go as far as to $500,000. That alone would be enough to make true HODLers happy. But analysts didn't stop at that point, adding that by 2033 Bitcoin could reach staggering $1 million per coin. And that might make MicroStrategy a phenomenally rich company, analysts note. As of now, Saylors's company sits on tremendous unrealized profits of almost $6.5 billion on paper. That reflects a gain of almost 104% yield-to-date from an investment allocation started under Saylor back in 2020. Further growth of Bitcoin could potentially transform its biggest holder into a true financial giant. With profits over $50-60 billion MicroStrategy could become very influential. And that is a sign of the epic changes that cryptocurrencies are bringing to the world.