MicroStrategy (Strategy) founder Michael Saylor again emphasized the importance of Bit, this time analyzing the factors of using Bit from the perspective of corporate structure and CEO personality traits. He opposes "staking" Bit and suggests that companies should now focus on "Bit securitization".
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ToggleWhy Bit is a 'Life-Saving Medicine' for Enterprises
Saylor describes the current corporate financial state as a "Type 1 diabetes patient", with Bit being the "insulin that saves the patient". He points out:
- Using short-term US Treasury bonds as corporate assets can only provide a 2-3% annualized return
- But the actual cost is as high as 10-15%
- Equivalent to a 10% loss each year
In comparison, Bit's long-term average return far exceeds the "capital cost" of corporate operations, marking the first time in a century that enterprises have a truly "value-preserving and value-increasing" asset option.
What Qualities Do CEOs Adopting the Bit Standard Have
Saylor states: "CEOs considering the Bit standard are not doing so for innovation, but because they have no choice." He gives examples of yoga businesses forced to close during the pandemic and mid-sized companies crushed by tech giants, typical of those with "no way out, only able to bet on themselves".
"Bit has inspired courage in these businesses with no way out to bet on their life and career," Saylor emphasizes.
The Board Often Poses Resistance, But CEOs Can Overturn It with Determination
Saylor shares that the key three people for implementing the Bit standard are:
- CEO
- CFO
- Chief Legal Counsel
"Sometimes, just one board member's opposition can halt everything." He suggests that board members who cannot understand should be replaced.
Not Just in the US, Global Enterprises Are Also Entering the Market
According to Bitwise data, about 80 publicly listed companies currently hold Bit, totaling nearly 700,000 Bits, with a market value of around $5.7 billion.
Japanese MetaPlanet and Hong Kong's Wisdom Technology are also actively joining the Bit-holding corporate ranks, reflecting a trend crossing cultural and geographical boundaries.
Bit Securitization is Key, No Need to Participate in Staking Mechanism
Saylor states that his company's positioning is a "Bit financial company", attracting investors with different risk tolerances through issuing various:
- Securities
- Convertible bonds
- Preferred stocks
- Warrants
He emphasizes:
"Bitcoin itself is a high-value collateral that can generate returns without complex DeFi or staking mechanisms."
Facing the "Bitcoin as a Transaction Medium" Argument, Saylor Says Capital Preservation is Enough
Regarding Jack Dorsey's claim that Bitcoin must become a transaction medium to become mainstream, Saylor believes:
"Gold, real estate, and art are not transaction mediums, yet they can generate trillions of dollars in value. Bitcoin is sufficient as a capital reserve."
Whether for Countries, Enterprises, or Individuals, Only Those with No Other Options Will Adopt Bitcoin
Although institutions like the Czech Central Bank have publicly expressed interest in holding the currency, Saylor emphasizes that whether for countries, enterprises, or individuals, "only the most desperate and those with no other options will adopt a new standard."
He points out that national units will enter much slower than enterprises, but the capital preservation war has already begun.
Bitcoin is Not Just a Financial Report Option, But the Helmsman of the Capital Era
Finally, he states that for enterprises, holding Bitcoin is not about "speculative wealth," but to prevent being consumed by inflation and capital depreciation. The Bitcoin standard is a new contract about sovereignty, stability, and freedom, and this contract will be first signed by the most courageous entrepreneurs.
Risk Warning
Cryptocurrency investment carries high risks, and its price may fluctuate dramatically. You may lose all your principal. Please carefully assess the risks.
