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‘We are going to buy all of it’: Michael Saylor talks Bitcoin Strategy at Bitcoin MENA Conference

Bitcoin Magazine
Michael Saylor detailed Strategy's aggressive Bitcoin accumulation and its plan to build a global system of Bitcoin-backed credit at the Bitcoin MENA Conference.

Summary

At the Bitcoin MENA Conference, Michael Saylor, Executive Chairman of Strategy, presented Bitcoin as the foundation for a new era of digital capital and credit, contrasting it with traditional assets like gold and real estate. He emphasized Strategy's aggressive acquisition strategy, declaring, "We are going to buy all of it," noting the company holds 660,624 Bitcoin and purchases between $500 million and $1 billion weekly. Saylor highlighted a significant shift in the financial sector, stating that major U.S. banks have moved from observing Bitcoin to actively offering custody and credit facilities tied to it. Central to his thesis is converting Bitcoin's capital into predictable, yield-generating credit instruments, such as preferred stock (STRK) yielding 8% and perpetual bonds (STRF) yielding 10%, which are backed by over-collateralized Bitcoin holdings. This strategy allows the company to effectively double its Bitcoin holdings per share every seven years, positioning Bitcoin as the logical backbone for a future global digital credit system, similar to how gold underpinned historical credit markets.

(Source:Bitcoin Magazine)