Alphabet

Bitcoin

Apple

Kitty

<p>Bitcoin has shown an exemplary resurgence recording 70% gains since the beginning of 2023 and <a href="https://coingape.com/bitcoin-btc-hits-new-2023-high-at-35000-amid-blackrocks-move/?utm_source=24hrsupdateall" target="_blank" rel="noopener">moving to $35,000</a>. MicroStrategy, the world’s largest corporate holder of Bitcoin, has started minting big profits on its Bitcoin holdings, which stands at an average price of under $30,000.</p> 
<h3 id="michael-saylor-shares-his-bitcoin-playbook">Michael Saylor Shares His Bitcoin Playbook</h3> 
<p>During his recent interview with Fox Business, Saylor said that in order to compete with the magnificent seven companies should ditch the conventional corporate playbook, and adopt the Bitcoin playbook to preserve their capital.</p> 
<p>The Magnificent Seven companies are responsible for the majority of the S&amp;P 500’s impressive nearly 13% year-to-date increase.</p> 
<p>These prominent companies comprise Apple (AAPL), Microsoft (MSFT), Alphabet (GOOGL), Amazon (AMZN), Nvidia (NVDA), Meta Platforms (META), and Tesla (TSLA). Of these, only Tesla holds Bitcoins on its balance sheet. Also, as per the recent quarterly filings, the company <a href="https://coingape.com/just-in-tesla-reported-no-bitcoin-btc-sales-in-q3/" target="_blank" rel="noopener">continues to hold</a> its Bitcoins with no change.</p> 
<p>Amid the Bitcoin price rally in 2023, the MicroStrategy stock (MSTR) has also delivered a staggering 213% year to date, beating all the magnificent seven companies. In fact, MSTR has given 3-4 times the returns that all these seven companies have given.</p> 
<p>Saylor <a rel="nofollow" href="https://twitter.com/saylor/status/1720881562936357200" target="_blank">said</a> that most companies have been facing the heat of inflation, high-interest rates, and technology-driven deflation. Thus, he adds that by adopting a Bitcoin strategy similar to MicroStrategy, companies would be able to reward shareholders in a better way.</p> 
<blockquote class="twitter-tweet" data-width="550" data-dnt="true"> 
 <p lang="en" dir="ltr">I discuss how companies can escape the destructive cycle of the conventional corporate finance playbook, preserve their capital, keep up with the Magnificent Seven, and create shareholder value using a <a href="https://twitter.com/hashtag/Bitcoin?src=hash&amp;ref_src=twsrc%5Etfw">#Bitcoin</a> Strategy similar to <a href="https://twitter.com/search?q=%24MSTR&amp;src=ctag&amp;ref_src=twsrc%5Etfw">$MSTR</a>, with <a href="https://twitter.com/cvpayne?ref_src=twsrc%5Etfw">@cvpayne</a>. <a href="https://t.co/apXEYbD46O">pic.twitter.com/apXEYbD46O</a></p> 
 <p>— Michael Saylor<img src="https://s.w.org/images/core/emoji/14.0.0/72x72/26a1.png" alt="⚡" class="wp-smiley" style="height: 1em; max-height: 1em;"> (@saylor) <a href="https://twitter.com/saylor/status/1721627144931909833?ref_src=twsrc%5Etfw">November 6, 2023</a></p>
</blockquote> 
<p><script async src="https://platform.twitter.com/widgets.js" charset="utf-8"></script></p> 
<p>Michael Saylor explained that Bitcoin presents a groundbreaking approach for companies to safeguard their capital and enhance shareholder value. This involves utilizing their balance sheets to incorporate Bitcoin (BTC), offering a way out from the costly cycle of acquisitions, stock buybacks, dividends, and debt.</p> 
<h3 id="microstrategy-adds-more-btc-to-its-kitty">MicroStrategy Adds More BTC To Its Kitty</h3> 
<p>It’s been three years now since MicroStrategy started purchasing Bitcoins and adding them to its balance sheet. Last week, the company announced its <a href="https://coingape.com/microstrategy-boosts-bitcoin-portfolio-with-5-3m-purchase/" target="_blank" rel="noopener">most recent purchase</a> of 155 BTCs worth $5.3 million.</p> 
<p>Regarding BTC’s dominance, Michael Saylor emphasized the <a href="https://coingape.com/michael-saylor-proves-no-asset-compares-to-bitcoin-btc/" target="_blank" rel="noopener">extraordinary performance</a> of Bitcoin by highlighting the cumulative returns it has generated. Saylor recently shared an asset class total returns chart that revealed BTC’s incredible 1,120,785% return from 2011 to 2023. This translates to an annualized return of 147.5%, a truly remarkable figure.</p> 
<p>The post <a rel="nofollow" href="https://coingape.com/microstrategy-michael-saylor-shares-his-bitcoin-playbook-with-magnificent-seven-companies/">Michael Saylor Shares his Bitcoin Playbook To Compete With Magnificent Seven Companies</a> appeared first on <a rel="nofollow" href="https://coingape.com">CoinGape</a>.</p>

Michael Saylor Shares his Bitcoin Playbook To Compete With Magnificent Seven Companies

Table of Contents

Coingape News Media

Other articles published on Nov 7, 2023

BONE Holder Count Approaches New Milestone, Here's Price Reaction

Retail and e-commerce lead crypto adoption, new study reveals

Shiba Inu Set To Remove Another Zero Amid Bitcoin Spark ICO Frenzy

Chainlink Price As It Partners With Rollup Finance; Is $20 Next?

Render Network and io.net to launch AI GPU suppliers incentive program

Daily Analysis: BTC, ETH, TWT, GRT, BLUR

Join our free newsletter for daily crypto updates!