Michael Saylor and MicroStrategy Just Went H.A.M & Eggs
In 1989 at 24 years, Michael Saylor combined his interests for innovation, business and computers and started MicroStrategy. MicroStrategy is the only enterprise analytics and mobility platform.
The MicroStrategy platform supports interactive dashboards, scorecards, highly formatted reports, ad hoc query, thresholds and alerts, and automated report distribution. By taking advantage of a business intelligence called relational online analytical processing (ROLAP), MicroStrategy emerged as a global leader in enterprise analytics and mobility software.
I have been stalking Michael for many months now and every day I seem to learn new things about the guy. And let me tell you, the guys a genius. He graduated from high school first in his class. Michael attended the Massachusetts Institute of Technology (MIT) on a full Air Force scholarship where he got a dual degrees in aeronautics and astronautics, graduating with highest honors.
Michael is my 2nd guy behind Raoul Pal, because the Michael just gets it and has shown to be able to predict the future…at least be in front of the adoption curve. Back in 2012, Michael wrote a book called, The Mobile Wave: How Mobile Intelligence Will Change Everything.
In the book, Michael talked about the development and impact of mobile, cloud, and social networks all converging and how Apple, Amazon, Facebook, and Google were going to dominate in the subsequent years. The book was good enough to make it on both The New York Times and The Wall Street Journal Best Seller lists. What I want you to take heed to is the fact that the FANG stocks dominate today and show no signs of letting up.
So what did Michael do earlier this year and he realized the US Feds were going to print mo money, mo money and mo money by means of stimulus packages. The only thing on Michael’s mind was hedging against the US dollar. He read everything he could on bitcoin and eventually brought his executive team up to speed with a proposal. Michael told his Team he only place to park excess cash is in stock buybacks and bitcoin. In the past several months the company bought close to 500 million in Bitcoin as a hedge.
Last week, the Microstrategy acquired about 2,500 bitcoins for $50 million in cash according to the related SEC filing. The company now holds 40,824 bitcoins at an approximate valuation of close to $750 million.
However, when I saw this headline this afternoon, I said Michael is going H.A.M & Eggs.
Business intelligence firm MicroStrategy said Monday that it plans to raise $400 million via senior convertible notes — and use the net proceeds of that process to buy bitcoin.
The firm said:
"MicroStrategy intends to invest the net proceeds from the sale of the notes in bitcoin in accordance with its Treasury Reserve Policy pending the identification of working capital needs and other general corporate purposes."
The cool part about all this is Michael, along with other Smart Money doesn't know any more than we do. The cooler part is that some of us got in before the Smart Money started buying Bitcoin. The coolest part is, this ride is just beginning, so buckle up and HODL.
Posted Using LeoFinance Beta
