Saylor plans to turn MicroStrategy into a Bitcoin bank.
After the revelation, MSTR rallied to establish ATH.
MicroStrategy’s MSTR stock reached an all-time high (ATH) after the company revealed its ultimate goal of reaching $1 trillion. Bitcoin (BTC) bank.
MicroStrategy founder Michael Saylor told analysts at Bernstein that the company is aiming for a $1 trillion valuation as the largest BTC bank.
Analysts have a $290 price target for the company, which will be supported in part by the company’s aggressive accumulation of the world’s largest assets.
Source: MSTR, TradingView
After update, MSTR rose sharply The stock rose 15% during the intraday trading session on October 11, reaching an all-time high of $212.50. It also broke the $200 resistance.
The final phase of Bitcoin banking
Saylor reacts to MSTR rally noticed The only thing that outperforms BTC is BTC growth.
“The only thing better than #Bitcoin is more Bitcoin.”
Source: X
At the time of writing, MicroStrategy holds 252,220 BTC, worth approximately $15.8 billion each. data From Bitcoin government bonds. In most of his interviews, Saylor has never said whether the company will sell its BTC holdings or whether that is the ultimate goal.
But the final picture became clear last week.
So what is a Bitcoin bank?
According to Saylor, BTC Bank They function like any other asset class and you end up building financial entities around them. The Bernstein report states in part:
“Michael believes MSTR is in the core business of creating Bitcoin capital markets products across stocks, convertibles, bonds, preferred stocks and more.”
Sailor used to projected As BTC becomes part of global capital and its assets expand, it could reach $3 million to $49 million by 2045.
Therefore, the executive predicted that creating BTC-based financial products such as bonds and stocks and generating revenue will be easier than lending out the coins MicroStrategy holds.
Interestingly, Hal Finney, one of the early BTC network contributors, said: floated We had a similar idea in 2010.
Source: X
However, some seek advanced self-custody techniques to ensure that such systems are honest.
That said, some market experts expect BTC’s strong rally to be a positive catalyst for MSTR’s value.
According to financial consultants ben franklinBased on MicroStrategy’s financial health and BTC appreciation, MSTR’s value could grow 6x to 10x.
