Microsoft is the third most valuable company in the world, with an estimated value of ¥3.18 trillion. Saylor believes that an annual investment of 100 billion bitcoins would be a much better alternative than buying back shares or owning bonds.
He also noted the growing public and political support for #bitcoin , as well as several statements in support of the currency from President-elect Donald Trump and, in his opinion, major Wall Street firms, marking a "renaissance of #cryptocurrency .
MicroStrategy's own experience with bitcoin has been very successful. Since 2020, the company has acquired 219 bitcoins worth ¥386.700 billion. The investment is now worth about 37.6 billion yen at the current bitcoin price. The strategy also contributed to MicroStrategy's stock price, which rose 465.5 percent in 2024 and reached an all-time high of 11 yen at 4,421.88.
Sailor ended his speech by urging Microsoft to seize the opportunity. He also presented Bitcoin not only as an investment, but also as a strategic asset that can be transformed. He even urged the board of directors to "do the right thing for the world and embrace bitcoin.
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Boyaa Interactive International, a Hong Kong-based gaming company known for its online card and board games, changed its cryptocurrency strategy by converting most of its #Ethereum (ETH) assets into bitcoins between Sept. 19 and Sept. 28, with the company exchanging about 4,900 bitcoins worth about $114,200 for about 515 bitcoins. The move increased Boyaa's bitcoin assets to 310.7 BTC, which is about 3.183 million yen at the current market price.
In a statement, the company is very confident about the future prospects of bitcoin and believes that it is the right time to expand its reserves by reallocating funds from Ethereum to bitcoin. According to its third quarter results, Boyaa's treasury previously held 2,635 bitcoins and 15,388 #ETH .
This recent transformation is also in line with the company's ¥2023 billion cryptocurrency strategy, which was launched on March 11-1.
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