MicroStrategy CEO Michael Saylor has suggested that tech giant Apple invest $100 billion in Bitcoin rather than pursuing a stock buyback. He argued that such a move would significantly boost Apple’s market value and growth potential.
Saylor made these comments during his recent appearance on the “Markets with Madison” podcast, hosted by NZ Herald journalist Madison Reidy. He suggested that such a strategy would diversify Apple’s valuation, with 60% driven by its operating business and 40% by its Bitcoin holdings.
“Buy $100 billion worth of Bitcoin, and it will grow to $500 billion. You’ll have a $500 billion business growing 20% annually, making $100 billion in investment gains each year. Investors will take notice, adding one to two trillion dollars to your market cap,”
Saylor stated.
The CEO also noted that if smaller companies within the S&P 500 began investing in Bitcoin, their performance could rival that of “Big Tech”.
“If the bottom 98% of the S&P 500 bought Bitcoin, their performance could align with Big Tech, and the S&P index would trend toward Bitcoin’s growth,”
he explained.
Saylor’s comments come as MicroStrategy continues to embrace Bitcoin as part of its digital transformation strategy. The company is the largest corporate holder of the cryptocurrency, with $17.1 billion in Bitcoin, according to BitcoinTreasuries. MicroStrategy’s stock has surged over 182% year-to-date, fueled by its aggressive Bitcoin acquisitions.
Meanwhile, to capitalize on the growing interest in its Bitcoin-driven strategy, ETF issuer Defiance launched MSTX, the first single-stock long-leveraged ETF for MicroStrategy. This new ETF offers investors the opportunity to gain amplified exposure to the company’s stock and benefit from its market performance.
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