Michael Saylor plans to advise Donald Trump on crypto policy if invited. The company recently purchased an additional USD 1.5 billion worth of Bitcoin, increasing its total holdings to 439,000 BTC (worth approximately USD 45 billion).
MicroStrategy co-founder Michael Saylor says he is willing to advise President-elect Donald Trump on crypto-related issues if asked.
In an interview with Bloomberg Open Interest, Saylor said:
I am always willing to offer my thoughts on constructive digital asset policy, either privately or publicly. And if I am asked to serve on some kind of digital asset advisory board. Probably will.
michael saylor
MicroStrategy classification issues
MicroStrategy will join the Nasdaq 100 index on December 23, along with Palantir Technologies and Axon Enterprise. These companies will replace Super Microcomputer, Moderna, and Illumina.
However, MicroStrategy's Bitcoin holdings could pose challenges to long-term inclusion in the index, primarily due to concerns about revenue streams. So while the company is classified as a technology company that provides business intelligence services, the sheer volume of Bitcoin it buys changes this perception.
In other words, it seems like the company's main focus is not selling business intelligence software, but simply buying degraded amounts of BTC. Another issue: If Bitcoin is reclassified as a financial instrument under the Trump administration in 2025, MicroStrategy will likely be forced to reclassify its status as a financial company rather than a technology company.
Speaking of decadent cryptocurrency hoardings, the company recently purchased an additional US$1.5 billion (A$2.35 billion) worth of Bitcoin, bringing its total holdings to 439,000 BTC (approximately US$45 billion (A$72 billion)). (equivalent to Australian dollars).
As previously mentioned, this continued hoarding can cause problems and could lead to reclassification by the Industry Classification Benchmark (ICB). In other words, the company is limited to non-financial companies and could be denied entry into the prestigious Nasdaq 100.
Related: Is $130,000 Bitcoin Next?
But Saylor doesn't care. He dismissed these concerns, saying MicroStrategy's identity is not tied only to Bitcoin investing (wink). The company's software division generates operating profits of around US$75 million (AU$120 million) a year, he says.
Our software division is very healthy right now, and we're very proud of that. It's profitable and a core part of the company's identity.
michael saylor
Saylor also positioned the company as a “Bitcoin treasury company” that prioritizes shareholder value through its treasury operations. He outlined three ways to create value: operating income from software, unrealized investment income totaling US$18.6 billion (A$29.9 billion), and strategic acquisitions similar to practices seen at companies such as Apple.
