Latest / Simply Bitcoin / Michael Saylor’s Bitcoin Strategy Just Made HISTORY! | Bitcoin Simply

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Michael Saylor’s Bitcoin Strategy Just Made HISTORY! | Bitcoin Simply · Simply Bitcoin

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  Michael Saylor and MicroStrategy just posted one of the greatest
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  earnings beats in the history of Wall Street, beating
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  expectations by 46,000%, and the price of the stock is their own.
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  Yet Microsoft and Meta post good earnings with some potential
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  accounting shenanigans in their printing moon shots.
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  Something's not adding up. Results like these make you
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  question whether we have actual free markets or the markets are
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  being manipulated. We're going to dive in.
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  This is Dante Coke of Bitcoin. Simply, let's go.
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  So far, we've launched 4 listed preferred equity offerings,
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  STRFSTRKSTRD and STRC, with STRC representing the largest IPO in
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  the US so far this year. And finally, we raised an
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  impressive $18.3 billion in capital year to date, which
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  already accounts for 81% of the total capital we raised in all
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  of last year combined and we accomplished that in just seven
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  months. So in addition to expanding the
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  depth of Bitcoin back credit instruments to the market, we
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  are raising capital more quickly and more efficiently than we
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  have ever before. Now moving on to our EPS
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  results. Q225 stands out as a
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  transformational quarter for strategy driven by two major
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  factors, the substantial appreciation and Bitcoin price
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  between the end of Q1 and Q2 in conjunction with the adoption of
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  Fasby's fair value accounting rule.
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  At the beginning of this year, we achieved a record $14 billion
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  in GAAP operating income and $10 billion in net income,
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  reflecting a fully diluted EPS of $32.60 per share for the
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  quarter, the highest in the company's history and what may
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  be among the highest of all S&P 500 companies this quarter.
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  Our results for the first half reflect $8.1 billion in GAAP
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  operating income, 5.7 billion in net income and an EPS of $19.43
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  per share, also a record high for the company.
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  OK. These numbers are absolutely
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  silly. MicroStrategy had the largest
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  IPO of the year in STRC. They've raised 18 billion in
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  capital, have $112 billion market cap.
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  They're projected to have the 13th largest net income despite
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  being the 96th largest company by market cap in the S&P 500.
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  And they own 3% of the scarcest asset in the world.
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  What's not to like? Apparently a lot as I'm writing
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  this, pre market, the shares are down 6% but will probably be
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  down or flat on the day on news that's actually pretty good.
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  I mean, they did just post a net income of $14 billion and an
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  earnings beat of 46,000 percent, $32 a share.
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  How is this possible? And you look at companies like
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  Meta and Microsoft, which are up 11% and 4% respect from their
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  earnings, which were good. And there's potential accounting
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  shenanigans here because their CapEx increased by $60 billion,
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  yet their depreciable assets barely increased at all.
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  They're saying that their GPU's have a useful life of 1011
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  years, but in actuality, we all know that they're two to three
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  years. That's another thing.
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  I'm going to invest that at another time, but that's not the
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  point of this show. I'm not a micro strategy
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  shareholder, so I have no skin in the game here.
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  It's kind of crazy that a company just posted one of the
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  best quarters in the history of Wall Street and they're not
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  being rewarded. One of the reasons they might
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  not be rewarded is because people are fearful of all of the
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  fundraising, all the dilution that happens when they issue
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  common equity at the market and they dilute their existing
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  shareholders. Sure.
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  But even in this earnings call, they posted guidance that they
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  would not dilute their shareholders when their M nab is
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  less than 2.5. They laid out a plan, a
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  strategic plan for when and how they would buy, making their
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  common stock more scarce. The whole reason I want to bring
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  this sort of thing up is because there's this camp out there that
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  says if you post great earnings, if you execute on a strategy,
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  which Michael Saylor has been talking about this for years now
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  at nauseam, and now they finally come to reap the benefits of
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  this strategy and they're not being rewarded.
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  Markets are increasingly manipulated these days.
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  I mean, there's companies out there like Nova Nordis.
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  Safe Investment, right down 67%. What about United Healthcare
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  plunging to its lowest levels in five years?
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  It's a healthcare stock, right? That's pretty safe.
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  Sick, unhealthy people decimated.
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  What about 20% of your holdings and copper being wiped away
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  overnight? Retail investors now make up 20%
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  of the options market and margin debt rose 9.5% in the month to
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  hit $1 trillion, according to the Schiller Cape ratio, a fancy
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  index worth the third highest valuations for the SP 500 of all
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  time. The percent of companies with an
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  enterprise value to sales greater than 10 is at its
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  highest levels ever, greater than the COM bubble.
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  Foreign investors own 18% of U.S. stocks.
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  And the reason why people are Yoloing into markets these days
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  is because that's the only way that they can get out of this
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  affordability trap. I mean, beef on average is $6 a
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  pound in the United States. When looking at these charts,
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  the only affordable diet here is a diet of alcohol and cheese.
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  Everyone knows something is wrong and they're acting like
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  everything is fine. Check out this amazing ad from
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  Coinbase. It depicts what's going on to
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  the middle class around the world in perfect in hilarious
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  detail. We ain't got no troubles, no
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  reason to complain, because here in Great Old Britain we just
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  love it when it rains. Morning.
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  We're cozy heat at home, even though it's not our
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  Why are markets manipulated? It's because people have to Yolo
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  in order to afford the ability to live a normal and middle
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  class life. Say you've got quite a good job
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  in a London bank and you decide you're going to buy a three
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  bedroom house in Fulham, which is probably what, 1.41 point 6
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  million in 2024? You're prepared to spend about
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  50% of your discretionary disposable income in order to
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  own something that a poor person would have owned in 1924.
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  The house itself is a piece of shit, right?
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  It's not an interesting house. It's the location that contains
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  the value. The house is unbelievably
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  boring. It's where a postman would have
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  lived. OK, in in 1917, you have this
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  extraordinary competitive technological economy where you
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  can buy jet skis and hot tubs and everything else, right?
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  No, no, no, I don't want any of those wonders.
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  Now the postman in 1917 would have been a ghast at what we can
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  buy with our money. The cars that you know, the
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  holidays, the jet travel, the, you know, etcetera.
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  As I said, if Louis the 14th visited that house in Fulham,
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  he'd go, you know, you've got the flat screen television,
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  you've got broadband access, you've got a car outside.
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  You truly are possessed of unimaginable wealth.
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  What I can't understand is why you live in such a house.
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  And so we've produced this extraordinary consumer goods,
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  and yet the vast proportion of people's disposal Lincoln is
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  spent in buying a location occupied by totally.
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  House you work hard, save, get a great job in a downtown urban
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  environment as a financial advisor and spend 50% of your
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  money on a crappy house. The answer is pretty simple.
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  It's the manipulation of the money overall.
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  I mean, we have the Treasury Secretary of the United States
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  of America calling the Fed to lower rates and enact A
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  Greenspan type of policy which got us into this mess in the 1st
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  place on national television. If.
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  I were the Fed. I would try to think a little
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  about the 1990s Greenspan model where you saw the productivity
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  kick in from the previous decades, adopt adoption cycle in
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  office technology and electronic technology.
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  I I think we could, there's a good chance we could see a
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  replay of the 1990s and it's going to take a little bit of
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  imagination, same way Alan Greenspan had.
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  Yeah, there's going to be a boom in CapEx.
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  Yeah, you're going to be able to write off factory and
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  manufacturing starts. Yeah, there's going to be a boom
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  in AI and infrastructure. But what is it going to cost?
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  Is anybody looking at what are the effects and outcomes of the
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  manipulation of money? It feels good in the short term,
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  but hurts us as a society in the long run.
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  Let's take a quick break to thank our sponsors.
• 10:05
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• 10:46
  the system is by removing your Bitcoin from exchanges like
• 10:49
  Coinbase, who did just drop a fire ad.
• 10:51
  Nonetheless, Coinbase isn't a place that is going to protect
• 10:55
  your generational what the right way.
• 10:56
  You need to do that on your own and become a sovereign
• 10:58
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• 11:16
  Bitcoin. Let's get back to the show.
• 11:17
  If you want to keep playing the Fiat game, keep playing.
• 11:20
  Things appear to be getting worse and worse and only to be
• 11:23
  working out for people who are boomers and already have the
• 11:26
  assets. Or you can play a new game, a
• 11:28
  game where the ultra rich or the boomers or the people who had
• 11:32
  lower interest rates don't have an advantage over you.
• 11:34
  And that game is Bitcoin, the next frontier digital assets.
• 11:38
  Assets that you can purchase with a dollar cost average at
• 11:42
  any exchange in the world and remove the self customer city
• 11:44
  and become a property owner. A property owner whose rights
• 11:48
  won't be diluted because the code says that there are only
• 11:50
  going to be 21 million Bitcoin and there's no excuses to not be
• 11:54
  getting into Bitcoin or learning about Bitcoin because the United
• 11:57
  States government says that they're going to be stacking
• 11:59
  soon. Do you want to front run the
• 12:01
  government? What's the update on a?
• 12:03
  Potential Bitcoin strategic reserve.
• 12:05
  Well, look, we, we have it, it's been, it's been established the
• 12:09
  executive order in the SPR. We also have the Strategic
• 12:12
  National Stockpile, you know, I or the sorry, the digital assets
• 12:16
  national stockpile. I think that one, we wanted to
• 12:18
  recognize Bitcoin for being unique and we talked about, you
• 12:20
  know, what that looks like and kind of the threshold that that
• 12:24
  Bitcoin has created, you know, it's, it's in a class of its own
• 12:27
  and everyone recognizes that. But we also wanted to give
• 12:30
  credence to the work in the developments happening across
• 12:32
  other ecosystems. And that's why we have this
• 12:34
  national stockpile alongside, you know, this, this actually
• 12:37
  requires some labor to get this set up properly.
• 12:39
  You have to build the infrastructure, you have to make
• 12:41
  sure that you're you're crossing your TS and dotting your eyes to
• 12:44
  get this done the right way and have long term, long term
• 12:46
  success with it. But I've said at nauseam, you
• 12:49
  know, we do believe in accumulation, obviously in
• 12:51
  budget neutral ways as the presidents outlined, but there
• 12:54
  are countless ways that we can engage in that.
• 12:56
  We'll act on those that can be most expeditiously implemented
• 13:00
  and I think that, you know, people will be very pleased with
• 13:03
  the direction that we go in. There's less than 1.1 million
• 13:05
  Bitcoin left to be mined and folks like Sailor are raising
• 13:09
  $4.2 billion more to buy more Bitcoin.
• 13:12
  There's not going to be enough left when you really want to get
• 13:14
  it. So my suggestion is start today.
• 13:17
  This train isn't stopping. Either you get on or you don't,
• 13:20
  the choice is yours. Hey, super excited about meeting
• 13:23
  you all in person. From November 11th through
• 13:26
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• 13:36
  Again, the Mining Disrupt Conference is going to be
• 13:38
  awesome. The Simply team's going to be
• 13:39
  there and we hope to meet you. I hope this episode was
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  enlightening and hopefully it shows you that markets are more
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  manipulated than you think. The least manipulated asset in
• 13:47
  the world is Bitcoin and one that you still have a chance to
• 13:50
  get in on. Don't waste your opportunity.
• 13:52
  This is Dante Cook with Bitcoin. Simply happy stacking.