Michael Saylor Unveils Crucial MicroStrategy Bitcoin Statement

Godfrey Benjamin
February 10, 2024 Updated July 18, 2025
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MicroStrategy’s Michael Saylor Proposes Bitcoin-Backed Loans, Why It’s A Bad Idea?

Highlights

  • MicroStrategy might be doubling down on its Bitcoin embrace
  • Michael Saylor teases new direction for the company
  • Crucial upside for Bitcoin

MicroStrategy, a business intelligence software firm, appears to have undergone an update, as evidenced by a notable statement from its former CEO Michael Saylor regarding Bitcoin (BTC) on X.

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MicroStrategy as a Bitcoin Development Company

During the latest Q4 earning call that was held earlier this week, Saylor called his firm a Bitcoin development company. He acknowledged that MicroStrategy is committed to the continuous development of the BTC network. Furthermore, he noted that the firm is demonstrating this commitment through some activities in the financial markets, advocacy, and technology innovation.

“We view ourselves as a Bitcoin development company. That means that we’re going to do everything we can to grow the Bitcoin network.” the former MicroStrategy CEO pointed out.

Saylor believes that in its pivot to becoming a Bitcoin development company, MicroStrategy has a distinctive advantage as an operating entity. He touted the firm’s capacity to venture into businesses that are outside the scope of traditional trust companies. It could even go as far as offering the same services as those granted approval for spot Bitcoin ETFs by the SEC.

The new line of business would encompass creating applications and software to extract value from the Bitcoin network.

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MicroStrategy Holds Massive 190K BTC

Before bagging the largest Bitcoin portfolio, MicroStrategy had been solely a software consulting venture for almost 31 years. 

In 2020, however, it all changed when Saylor who was the CEO of the firm at the time began to transfer the firm’s treasury assets out of cash into Bitcoin. So far the move has had a massive effect on MicroStrategy’s stock MSTR. 

In the broad market, MSTR has outperformed several assets including Bitcoin, per Saylor’s statement. Data from Nasdaq shows that the stock has a current market value of $643.78 with a 9.52% increase today. 

Ultimately, MSTR happens to be the largest publicly traded holder of bitcoin with total holdings of 190,000 bitcoin after its most recent acquisition. This entire MicroStrategy Bitcoin holding is currently worth approximately $9 billion by the market value of Bitcoin as of today ($47,441.62). 

MicroStrategy plans to still keep up with its Bitcoin strategy while also considering the financial well being of its stakeholders.

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Investment disclaimer: The content reflects the author’s personal views and current market conditions. Please conduct your own research before investing in cryptocurrencies, as neither the author nor the publication is responsible for any financial losses.
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Why Trust CoinGape

CoinGape has covered the cryptocurrency industry since 2017, aiming to provide informative insights Read more…to our readers. Our journal analysts bring years of experience in market analysis and blockchain technology to ensure factual accuracy and balanced reporting. By following our Editorial Policy, our writers verify every source, fact-check each story, rely on reputable sources, and attribute quotes and media correctly. We also follow a rigorous Review Methodology when evaluating exchanges and tools. From emerging blockchain projects and coin launches to industry events and technical developments, we cover all facets of the digital asset space with unwavering commitment to timely, relevant information.

About Author
About Author
Benjamin Godfrey is a blockchain enthusiast and journalists who relish writing about the real life applications of blockchain technology and innovations to drive general acceptance and worldwide integration of the emerging technology. His desires to educate people about cryptocurrencies inspires his contributions to renowned blockchain based media and sites. Benjamin Godfrey is a lover of sports and agriculture. Follow him on X, Linkedin
Investment disclaimer: The content reflects the author’s personal views and current market conditions. Please conduct your own research before investing in cryptocurrencies, as neither the author nor the publication is responsible for any financial losses.
Ad Disclosure: This site may feature sponsored content and affiliate links. All advertisements are clearly labeled, and ad partners have no influence over our editorial content.