Podcaster Patrick Bett David challenges Michael Saylor about the long-term value of micro-tactics and runs calculations suggesting he could become a $10 trillion giant within 20 years .
“MicroStrategy is worth $73 billion today,” Bet-David said on a podcast with Saylor on November 19, 2024. “If you say that 0.1% (Bitcoin adoption) is 7% today, that’s 700 times, right? If you do 144 times the amount of $73 billion, then you’ll get a company that’s 10.5 trillion dollars in 21 years. It’s considered.”
Saylor (now known as Strategy), co-founder and executive chairman of MicroStrategy, agreed to mathematics.
“In that mathematics, yeah, Bitcoin will be between $90,000 and $13 million. So you divide 13 (million) by 90,000 and it’s a big number for you,” he replied.
At the time of writing, the strategy has a market capitalization of $85.23 billion, with Bitcoin priced at $97,500. If Bitcoin reaches $13 million, MicroStrategy’s market capitalization could grow proportionally, reaching around $11.36 trillion based on its current ratio.
MicroStrategy consistently expands Bitcoin Holdings and cements its position as the largest corporate holder of assets.
As of February 2, the company holds 471,107 BTC, valued at approximately $46 billion.
In the fourth quarter of 2024 alone, it purchased 218,887 BTC for $20.5 billion, marking the largest quarterly acquisition ever. Despite this aggressive accumulation, the company reported a net loss of $670 million, primarily due to impairment costs on Bitcoin. However, new accounting rules set to take effect in the first quarter of 2025 allow companies to measure Bitcoin Holdings at fair value, eliminating these posts in future revenue reports.
A leading institutional investor, Susquehanna International Group has increased its interest in MicroStrategy. The company has revealed it owns 101.6 million micro-strategic stakes from 8.4 million in the last quarter. This represents a 5.1% stake, strengthening the company’s institutional trust in its Bitcoin-centric strategy.
Investment companies simultaneously reduced their interest in supermicrocomputers, suggesting a change in their priorities towards Bitcoin-based investments.