Summary
- Michael Saylor said he considered Bitcoin's ability to have funding and purchases completed immediately a strength.
- Saylor stated that the Bitcoin investment cycle is 1000 times faster than real estate, oil & gas, and technology investments.
- He said MicroStrategy can provide investors with an immediate return structure.
Michael Saylor (Michael Saylor), MicroStrategy chairman, argued that Bitcoin (BTC)'s strength is that purchases can be made immediately upon funding.
According to Cointelegraph on the 20th (local time), Saylor said on a podcast, "We can carry out capital raising and Bitcoin purchases at the same time," and "Even if we raise $1 billion in a day, only $20 million is exposed at 4 p.m., and by 5–6 p.m. the entire amount is fully purchased."
He explained, "Compared with real estate, oil & gas, and technology investments, this investment cycle is 1000 times faster," and "Bitcoin is an asset built in real time and forms collateral as soon as it is purchased." Saylor added, "If someone wants to buy $500 million, we can execute the trade in one minute and secure the Bitcoin immediately."
As of October 13, they hold a total of 640,250 bitcoins, which corresponds to about 2.5% of the total supply.
He said, "MicroStrategy has the advantage of being able to provide investors with an immediate return structure, unlike industries such as real estate development where it takes years to recoup investments."
Son Min
sonmin@bloomingbit.ioHello I’m Son Min, a journalist at BloomingBit![[Market] Bitcoin falls below $82,000...$320 million liquidated over the past hour](https://media.bloomingbit.io/PROD/news/93660260-0bc7-402a-bf2a-b4a42b9388aa.webp?w=250)
