Michael Saylor the executive chairman of MicroStrategy says Bitcoin is a transformative financial asset for publicly traded companies.
On a social media post on X, he said, “ For the first time in a hundred years, there’s a capital asset, other than Treasury bills, that you can use to capitalize a publicly traded company on, that’s liquid.”
“Bitcoin is a digital commodity, a digital scarcity. And theoretically, if you think through the implications of having a digital commodity that you capitalize a public company on, if it outperforms the S&P and is more volatile than the S&P, then you will have positively polarized the balance sheet of the company to capital, which means in theory, you can raise infinite money.”
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Saylor added that with Bitcoin, everyone has the opportunity to grow their wealth.
“The more money you raise, the wealthier everybody gets and the faster the stock price goes up and the more money you can raise”, he added.
Saylor has been a strong advocate for Bitcoin, with his company regularly acquiring Bitcoin to the company portfolio.
In June, Strategy reportedly added an additional 245 Bitcoin (BTC) to its holding.
