MicroStrategy founder, Michael Saylor, while speaking in an interview with CNBC’s Squawk on the Street program on November 5, advocated for the use of Bitcoin by enterprises to protect their capital and create value for shareholders.
He argued that by integrating Bitcoin into their balance sheets, companies have an innovative strategy to mitigate the negative impact of expensive acquisitions, stock buybacks, dividends, and debt. This innovative financial approach leverages the growth and stability of Bitcoin as a means to not only preserve capital but also to create significant shareholder value.
Saylor's firm, MicroStrategy, has been a trailblazer in adopting Bitcoin as a reserve asset, with the company now holding well over 100,000 units of the digital asset. This move has been viewed by some in the financial sector as an effective hedge against potential inflationary pressures.
