Michael Saylor： We will continue to acquire Bitcoin and will not face risks due to price fluctuations. The opportunity of billions of dollars lies in Layer3

According to Wu Shuo's report, Michael Saylor, founder of Strategy (formerly MicroStrategy), stated in an interview with the media that "we will continue to develop Bitcoin as a 'digital Manhattan' - a digital asset. We will continue to acquire Bitcoin and use it as collateral to launch other businesses. As the price of Bitcoin rises, we will continue to do similar things and also see new opportunities In addition, Michael Saylor disagrees with the view that MicroStrategy may face risks if its average purchase price for Bitcoin exceeds $150000, as the majority of the company's Bitcoin was acquired through equity, and its ownership of Bitcoin as collateral is 15 times its debt. Moreover, its debt is non recoverable and has a maturity of over four years. This means that even if Bitcoin drops by 98%, the company will not face liquidation risks and will have permanent capital. Michael Saylor stated that he does not pay attention to the Bitcoin price cycle and believes that Bitcoin will rise by an average of 29% annually in the next 21 years; According to this benchmark, by 2045, the price of each Bitcoin will reach $13 million. He also stated that MicroStrategy will not lend or pledge Bitcoin to earn interest in the future, and expects us to grow from initially only a few companies adopting the Bitcoin standard to dozens, hundreds, and eventually thousands of companies joining. Regarding whether to develop a second layer network for Bitcoin, Michael Saylor stated that his company will first observe market developments and believes that MicroStrategy can be seen as already operating on the third layer of Bitcoin. He said, "In the future, second tier solutions like Lightning may succeed, but I believe the real billion dollar opportunity currently lies in the third tier." Regarding his views on other cryptocurrencies, Michael Saylor said, "Why hold the second best thing? You only need the best, and Bitcoin is the best Regarding how much cryptocurrency he personally holds, Michael Saylor said, "I don't hold any other cryptocurrencies. About four years ago, I publicly disclosed that I held 17732 bitcoins at a buying price slightly below $10000 per coin. Since then, I have bought some more, but I have never sold them. Therefore, I now hold more bitcoins than I did at the time, but I haven't publicly disclosed how much I have increased