Is Michael Saylor’s side of the story the reality of the situation? Or is he on a damage control tour? The ex-MicroStrategy CEO spent the whole day as a guest in what seems like every US financial show in existence, letting everyone know that this whole thing was his idea. Saylor picked his successor for the CEO seat and declared himself Executive Chairman, to focus on the company’s bitcoin strategy. As it usually happens, mainstream media framed it differently.
Since bitcoin’s price is still down in comparison with the highs of yesteryear, mainstream media doesn’t miss an opportunity to dunk on the asset class. This time was no exception, since MicroStrategy average bitcoin purchase stands at around $30K, and bitcoin’s current price is around $24K, most mainstream sources reported that the company had somehow lost $1B and suggested that might be the reason behind Saylor’s outing.
Ал тургай, Bitcoinist joined in on the party. Besides the bitcoin side of things, we said:
«Анын айтымында Bloomberg макала S3 Partners каржылык аналитикалык фирмасынын маалыматтарына таянып, компаниянын жүгүртүүдөгү акцияларынын рекорддук 51 пайызы шарттуу баасы 1.35 миллиард долларга сатылды.
Аналитикалык компания акыркы 4.73 күндүн ичинде 1.2 миллион акциянын эң жогорку көрсөткүчү 30 миллион акцияга көбөйгөнүн билдирди.
On the contrary, since the Saylor news hit the Internet, MSTR stocks are up by around $40. And that’s not even the juicy part of MicroStrategy’s bitcoin story.
MSTR price chart on NASDAQ | Source: TradingView.com
Michael Saylor’s Television Tour
The ex-CEO started the day tweeting, “In my next job, I intend to focus more on Bitcoin.” A humorous one-liner that contains much truth. But the day and Saylor’s tour was just getting started. His first stop was on CNBC’s Squawk on The Street, and on the tweet promoting his performance Saylor wrote, “Since adopting a Bitcoin Strategy, $MSTR has outperformed every asset class & big tech stock. With my ascension to Executive Chairman, the promotion of Phong Le to CEO & arrival of CFO Andrew Kang, our team is stronger than ever & we are full speed ahead.”
кабыл алгандан бери а #Bitcoin стратегия, $ MSTR ар бир актив классынан жана чоң технологиялык запаска ашып кетти. Аткаруучу төрагалыкка көтөрүлүшүм, Фонг Ленин башкы директорлук кызматка көтөрүлүшү жана каржы директору Эндрю Кангдын келиши менен биздин команда болуп көрбөгөндөй күчтүү жана биз алдыдабыз.pic.twitter.com/HSBjEgpizc
- Майкл Сейлор⚡️ (@saylor) August 3, 2022
According to Saylor, the MSTR stock is up “123% through August 1st,” outperforming bitcoin itself, which is 94% up in the same time period. Not only that, but it also outperformed the S&P 500 and Nasdaq, which are only slightly up; and gold, silver, and bonds, which are down. Besides that, it dubled Google’s growth and outperformed Apple in the same period. And Amazon, Meta, and Netflix are down.
MicroStrategy is a hybrid company, Saylor continues. Their business intelligence and enterprise software businesses have stable revenue and good cash flow. Bitcoin is just their treasury reserve asset, and considering the inflation rates on almost every country on Earth, it’s a phenomenal one. According to Saylor, the asset is responsible for getting the company through this “difficult financial period” in which “most currencies are crashing and most assets are struggling.”
Болжолдуу жоготуулар жөнүндө
Албетте, Сейлор барган телеалпаруучулардын бардыгы андан MicroStrategy жоготкон 1 миллиард доллар жөнүндө сурашкан. MicroStrategy азырынча бир BTC саткан жок, аны кантип жоготуу катары квалификациялоого болот? Башкы директордун айтымында, бул жөн гана "чейрек үчүн GAAP эмес нарксыздык үчүн төлөм" болгон жана бардык акционерлер ал келерин билишкен. Bloomberg маегинде Сейлор муну "накталай эмес чексиз материалдык эмес жоготуу" деп мүнөздөдү.
Michael Saylor on Bloomberg:#bitcoinpic.twitter.com/SZJXa2X4j8
- Нил Джейкобс (@NeilJacobs) August 3, 2022
боюнча Investopedia үчүн, “a non-cash charge is a write-down or accounting expense that does not involve a cash payment. They can represent meaningful changes to a company’s financial standing, weighing on earnings without affecting short-term capital in any way.” And those “reduce earnings but not cash flows.”
Кандай болгон күндө да, Сейлор "волатилдүүлүк - бул жашоо" деди жана MicroStrategy туруксуздукту камтыйт.
Saylor On The Company’s Bitcoin Strategy
MicroStrategyге алып келген биткоиндин аталышын сатып алуу мүмкүн эмес. Алар «бизди чындап этибарга албай коё албайт», - деди Сейлор. Биткойн "маркетинг жана сатуу боюнча пайда" жана компания үчүн "таза оң" болуп калды. Чынында, ал аны "акционерлер үчүн кыйкырык" деп атайт.
Finally, the host asks him what everyone was thinking. Does he stepping down as CEO mean that MicroStrategy might be selling some of their BTC? Saylor’s answer, “Our officers and our directors are unanimously committed to the bitcoin strategy.”
Башка телекөрсөтүү
By our count, Saylor was a guest on three mayor TV shows today alone. In all of them, he told a similar story. However, he dropped new nuggets of information here and there. Sharing the video of his FOX visit, Saylor wrote, “Today Charles Payne and I shared a laugh as we discussed the benefits of a Bitcoin Strategy, the outperformance of $MSTR vs other stocks & asset classes, and my decision to take on the Executive Chairman role at MicroStrategy.”
бүгүн @cvpayne and I shared a laugh as we discussed the benefits of a #Bitcoin Strategy, the outperformance of $ MSTR vs other stocks & asset classes, and my decision to take on the Executive Chairman role at @MicroStrategy. pic.twitter.com/OsxyWhBtPF
- Майкл Сейлор⚡️ (@saylor) August 3, 2022
The new information is that MicroStrategy adopted bitcoin only 2 years ago. At the time, the company was valued at $666 million. Since then, they’ve “added 5 billion to that number.” That means that it has grown 730% in 24 months. Remember, this is the value of the company as a whole. The 123% growth we quoted before refers to the MSTR stock.
бери @MicroStrategy кабыл алынган а #Bitcoin Стратегия, анын ишкана наркы + 730% (+ 5 миллиард доллар) жана $ MSTR +123% өстү. BTC аткаруу + 94%, S & P 500 + 23%, Nasdaq + 13%, Алтын -13%, Облигациялар -14%, Silver -29%. GOOG +54%, AAPL +43%, MSFT +34%, AMZN -14%, META -39%, NFLX -53%. pic.twitter.com/BWHPhbOg0d
- Майкл Сейлор⚡️ (@saylor) August 3, 2022
In the Bloomberg interview, they asked Saylor about Tesla selling 75% of their bitcoin. He answered it was a sad day for Tesla, but immediately took it back and said it’s not his place to comment on other people’s business. However, Saylor said, “acquiring and holding high-quality property forever is a good investment strategy. And bitcoin, in my opinion, is the highest-quality property in the world.”
Featured Image: The ex-CEO, screenshot бул видеодон | Чарттар боюнча TradingView
Source: https://bitcoinist.com/saylor-mstr-outperformed-every-asset-class/