Michael Saylor, Executive Chairman of Strategy (formerly MicroStrategy), just doubled down on the most ambitious Bitcoin prediction in the game. Speaking in a recent CNBC interview, Saylor said he is confident Bitcoin will average 30% annual returns for the next 20 years, which will take $BTC from its current price to $13 million per coin by 2045.
He is not just talking. Strategy is about to raise close to $1 billion through a new IPO of 10% yield preferred stock — with one main purpose: buy more Bitcoin.
But Saylor says this is not just another round of leverage. The real innovation lies in the structure. These are perpetual preferreds — capital that never matures, eliminating refinance risk.
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