Michael Saylor

“Like, will all the centralized Bitcoin on Coinbase's servers, Sailor servers, et cetera, get seized? I think it's quite likely. I think it eventually gets seized in some exigent circumstance.”

“Obviously, people are dunking on this because the stock has traded down 50% since this was published.”

“So our friend Pomp, Anthony, they SPAC'd a company, and the company's goal was to do the kind of Michael Saylor playbook, which is, it's a Bitcoin acquisition and finance company, and so what they're doing is they raise, I think, seven hundred fifty million do…”

“Financial strategy of taking out billions of dollars in loans and then trying to corner the market and be the largest shareholder of Bitcoin, which is antithetical to the concept of Bitcoin, somebody cornering the market, also taking out loans and something th…”

“He's really running their Bitcoin position, and he's created this massively levered long Bitcoin play. He's borrowing money at essentially zero. It's his returns are bananas right now.”

“So he's basically created, he's Intentionally turned him, turned MicroStrategy into a meme stock. Meaning, he's detached it from the underlying business in the way that GameStop did.”

“He owns about one percent of the Bitcoin float today, and he's trying to get, you know, two percent, basically.”

“There is no strategy that is risk-free. There is no free lunch. And I think that right now, the entire narrative is about how this is a free lunch, how this is a free money glitch, and I don't believe that.”

“I wouldn't, I, with my own money, I wouldn't touch any of this. Yeah. Yeah. That's what I would say right now. I have no proof other than it just, it doesn't feel good.”

“And so he was the first public company that wasn't like a crypto miner or something like that to go and say, I'm going to put like 85% of my balance sheet into Bitcoin.”

“And he went from owning zero Bitcoin in July of 2020 to today he has more than 210,000 Bitcoin, which is more than one percent of the Bitcoin network.”

“So he currently has 14.96 billion Dollars of Bitcoin in MicroStrategy, and it's up 97% all time. So he's put in 7.3 billion, and now it's sitting on fifteen billion of assets.”

“The stock was basically flat from 2007 to 20 20 before he started making his bet. And that's a long time, right? That's 2007 to 20 20. That's a 13 year period.”

“Michael Saylor at MicroStrategy. He's now effectively raising money from public investors in taking out loans. This is like a, his company's turned into a leveraged, basically a leveraged Bitcoin fund is effectively what it is.”

“More times than not, it's better to get somebody feeling loose and comfortable and laughing and talking about something that they're genuinely like something about themselves than them just showing up for their, you know, Eighth interview of the last week and …”

“No we bought 2.2000000000 worth of Bitcoin. We own about five, a bit more than five billion, depending upon the day.”

“I owned voice.com and I sold it for thirty million dollars a couple of years ago. That's the largest naked domain sale in the history of domains.”

“For example, I created a company called alarm.com and alarm.com is now publicly traded on NASDAQ. It's like four or five billion dollar market cap company.”

“And I created another company called angel.com, and we sold that for a bit more than a hundred million dollars, and that was actually a speech interactive voice response like Suri or Alexa before Suri and Alexa came along.”

“It took Google 22 years to get to a trillion. It took Amazon 24 years to get to a trillion. It took Apple 42 years to get to a trillion. It took Microsoft 44 years to get to a trillion. It took Bitcoin 12”

“So we spent about two million dollars buying domains like alarm.com, wisdom.com, strategy.com, michael.com, mike.com, angel.com, courage, you know, hope. And he owns all these premium domains, one word, English word domains. And he has since, you know, sold or…”