Michael Saylor, executive chairman of MicroStrategy and Bitcoin’s most vocal institutional evangelist, is back with another powerful message to crypto holders – and this time he’s using just one phrase. On April 16, in an X post, Saylor shared “Bitcoin is Chess.”
Earlier Saylor had shared a chart showing MicroStrategy’s MSTR price saw 133% one-year return, easily surpassing Tesla’s at 57% and Bitcoin’s at 33%. Apart from this, AI giants like Nvidia saw a return of 30% and Apple at 17%.
“There is a Strategy to beat the Magnificent 7”, Saylor wrote, in reference to his company’s Bitcoin-focused investment strategy that continues to create waves in financial and crypto circles alike.
Saylor has been an outspoken proponent of Bitcoin since 2020, leading Strategy to acquire and hold vast amounts of Bitcoin as a part of its corporate treasury policy. Strategy has never sold any Bitcoin since its purchase.
However, Saylor’s first quarter has raised concerns from critics around the company putting all its eggs in one basket. Michael Lebowitz, of RIA Advisors, has concerns that MicroStrategy operates a getter leveraged Bitcoin holding company, as per reports.
He said Saylor’s strategy was “preying on investors” and, a major fall in the price of Bitcoin could risk the company’s financial stability.
He added, “MicroStrategy’s stock valuation is at least double that of the bitcoin it holds. And, as a reminder, its software business has almost no value. One could even argue it has a negative value.”
At the time of writing, MSTR is trading at 310.72, down by 1.68% in the last day.
