Michael Saylor, executive chairman of strategy (formerly micro-tactics), doubled the game’s most ambitious Bitcoin forecast. In a recent CNBC interview, Saylor said he is confident that Bitcoin will earn an average annual revenue of 30% for the next 20 years.
He’s not just talking. The strategy is looking to raise nearly $1 billion through a new IPO of 10% yield preferred stock. This is the main purpose of buying more Bitcoin.
But Saylor says this isn’t just a round of leverage. The real innovation lies in the structure. These are constant preferences – eliminating unmatured capital, refinance risk.
“We provide a fixed USD yield and convert it into BTC performance,” says Saylor. “This is a low-risk, scalable way to create a long-term balance sheet backed by Bitcoin.”
Strategies for implementing numbers
According to Saylor, the recent prioritized issuance of the strategy has outperformed the broader market, with most other preferences flat or down.
Beyond fundraising, he is bullish on the big picture. In his view, regulatory clarity, institutional perceptions, new accounting rules, and ETF demands are ultimately aligned to support long-term adoption of Bitcoin.
Only 450 BTC is mined per day, worth around $45 million — and all of that has been snapped by the ETF and the Treasury Department, which he thinks supplies are being squeezed hard.
How about transparency? After criticism for resisting on-chain absorption proof, Saylor points out that the strategy’s Bitcoin holdings have already been audited by KPMG. And they are looking for more sophisticated methods like zero awareness proof that does not expose detention risk.
