Michael Saylor, the founder of MicroStrategy, has revealed what the business intelligence firm aims to achieve with its incessant Bitcoin purchases.

According to a Friday client note from brokerage firm Bernstein, MicroStrategy intends to ultimately become a Bitcoin bank. Bernstein’s digital asset lead, Gautam Chhugani, cited an interview with Saylor in the recent disclosure.

Michael Saylor has incessantly asserted that Bitcoin is a superior asset and the best in the 21st century. He often describes the largest cryptocurrency by market cap as a store of value and a proper hedge against inflation. Notably, MicroStrategy’s Bitcoin strategy has become a template most companies adopt. The software firm adopted the premier asset as its primary treasury reserve in 2020 and has acquired 252,220 BTC at the time of writing. The Friday release has finally revealed Saylor and MicroStrategy’s broader picture in its ploy to purchase as much Bitcoin as it possibly can.

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