MicroStrategy aims to become leading Bitcoin bank with $1T valuation

Michael Saylor, founder of MicroStrategy, stated in a recent interview with analysts at research and brokerage firm Bernstein that the company's ultimate goal is to become the leading Bitcoin bank by leveraging debt and equity to grow its Bitcoin holdings, The Block reported. With its current holdings of over 252,000 BTC, valued at around $15 billion, Saylor envisions scaling the company to hold up to $150 billion in Bitcoin. He predicts that as Bitcoin's value rises, MicroStrategy could eventually reach a valuation of $1 trillion. Saylor emphasized that borrowing and investing in Bitcoin is a more profitable and less risky strategy than traditional lending models.