- Michael Saylor wants to recommend Donald Trump on cryptocurrency policy if welcomed.
- The business just recently acquired an extra US$ 1.5 B worth of Bitcoin, raising its overall holdings to 439,000 BTC, valued at roughly US$ 45B.
MicroStrategy’s co-founder Michael Saylor stated he’s ready to recommend President-elect Donald Trump on cryptocurrency-related matters if asked.
In an interview on Bloomberg Open Interest, Saylor stated:
I’m constantly ready to offer a believed on useful digital possession policy either in self-confidence or openly. And if I’m asked to serve on some sort of Digital Assets Advisory Council. I most likely would.
Michael Saylor
MicroStrategy’s Classification Issues
MicroStrategy will sign up with the Nasdaq-100 index on December 23, along with Palantir Technologies and Axon Enterprise. These companies will change Super Micro Computer, Moderna and Illumina.
MicroStrategy’s Bitcoin holdings might posture obstacles for its long-lasting addition in the index, primarily due to profits source issues. That suggests that while the business is categorized as an innovation company offering organization intelligence services, the outrageous quantity of Bitcoin it purchases modifies this understanding.
To put it simply, it does not seem like the company’s main focus is offering organization intelligence software application however rather simply purchasing a degenerate quantity of BTC. Another issue: if Bitcoin, under Trump’s 2025 administration, alters its category to a monetary instrument, MicroStrategy would, more than likely, be required to reclassify its status as a monetary business– and not a tech one
Discussing degenerate crypto purchasing sprees, the business just recently purchased an extra US$ 1.5 B (AU$ 2.35 B) worth of Bitcoin, bringing its overall holdings to 439,000 BTC, valued at around US$ 45B (AU$ 72B).
As I mentioned formerly, this continued purchasing spree can be troublesome, resulting in a reclassification by the Industry Classification Benchmark (ICB). To put it simply, the company’s entry into the distinguished Nasdaq 100 might be rejected, as it’s restricted to non-financial business.
Related: Is $130K Bitcoin Next?
Saylor does not care. He simply shrugs issues like these off, stating MicroStrategy’s identity is not exclusively connected to its Bitcoin financial investments (wink). The business’s software application department contributes about US$ 75M (AU$ 120M) every year in running earnings, he states:
We have a really healthy software application department now and we’re really pleased with it. It’s lucrative and it’s a core part of the business’s identity.
Michael Saylor
Saylor likewise framed the business as a “Bitcoin Treasury business” that prioritises investor worth through treasury operations. He described 3 techniques of worth production: running earnings from software application, unrealised financial investment earnings amounting to US$ 18.6 B (AU$ 29.9 B), and tactical acquisitions comparable to practices seen in business like Apple.
