Michael Saylor "Bad DAT? Still better than companies that don't invest at all"

The founder of the strategy of the largest Bitcoin-holding publicly traded company pointed out that compared to criticism of “bad digital asset financial strategic companies,” the more significant issue is the community’s harsher attitude towards enterprises that share the same value philosophy.

On the 12th (local time), Michael Saylor was asked on the What Bitcoin Did channel about his views on companies following the simple strategy of “issuing stock → buying Bitcoin.” He responded by turning the question around: “Criticizing companies that buy Bitcoin is missing the point,” “Why not criticize the countless companies that haven’t bought Bitcoin?”

Saylor advocates: “Good companies that buy Bitcoin will become better, even companies losing $10 million a year, buying Bitcoin is an improvement over not buying.” He believes that compared to using the same funds for stock buybacks or government bonds, Bitcoin can actually increase a company’s survival chances.

He believes the difference between good and bad companies existed before Bitcoin appeared; Bitcoin is just a tool to change their outcomes. He clarified: “Buying Bitcoin is good for anyone,” “Whether the company’s cash flow is positive is another matter.”

In response to criticism that “many companies with almost no actual business are trying to buy Bitcoin through debt issuance,” he asked back: “Don’t individuals with no business also buy Bitcoin? Should we criticize them?” “Can we blame people for buying Bitcoin just because they are not as wealthy as Bill Gates?”

The founder pointed out that this perspective conveys a hidden message of “if you can’t become a company like Strategy, then just don’t do it,” which is a non-constructive and consumptive approach. He emphasized: “If you have capital, buy Bitcoin. Don’t worry about holding a relatively small amount; think about what you can do within your capacity.”

Saylor also sees limitations in the mindset that “Bitcoin must be personally purchased.” He explained: “I think the problem starts with some groups in the Bitcoin community who can’t even imagine investing through stocks or companies,” “Engaging with Bitcoin through enterprises might be more efficient in terms of taxation or operations.”