⸺ Bull case · July 26, 2024 ⸺
Michael Saylor
Executive Chairman, Strategy (MicroStrategy)Executive
“My base case is $13 million a coin.”
Price at the call
$67,925
Today
$61,577
Target · 2045
$13M
Boldness of the call×191
Progress to target0.0%
Needs another ×211 from today’s $61,577.
If you’d listened
×0.91
-9% since the call
Annualized audacity
28%/yr
required return per year
Skin in the game
98/100
Turned MicroStrategy into a leveraged Bitcoin treasury holding 200k+ BTC.
Unveiled at Bitcoin 2024, Saylor's 21-year model has Bitcoin compounding ~29% a year to roughly 7% of global capital — a $13M base case, with a $49M bull case and a $3M floor. The man who turned a software company into a leveraged Bitcoin holding vehicle made the boldest scoreable call on the board.