In a wide-ranging September interview with Bitcoin Magazine, MicroStrategy executive chairman Michael Saylor condensed five years of corporate experimentation into a stark, almost mechanical blueprint for what he calls Bitcoin’s “endgame”: accumulate an unprecedented stockpile of the asset as digital capital, then manufacture a new tier of credit markets on top of it.

“The endgame is we accumulate a trillion dollars worth of BTC and then we grow that capital by issuing more credit,” Saylor said . He cast the maneuver not as a speculative side bet but as the next logical phase of corporate finance, with Bitcoin reconstituted as “digital energy” and balance sheets reimagined as engines that spin yield from over-collateralized, Bitcoin-backed instruments.

Saylor’s Bitcoin Endgame Plan

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