MicroStrategy CEO Michael Saylor has announced an ambitious strategy. The company aims to acquire all available Bitcoin in a bid to remove the cryptocurrency from circulation. MicroStrategy has already accumulated 660,624 BTC, valued at approximately $66 billion, and spends between $500 million and $1 billion each week on purchases. According to Saylor, this approach will strengthen the Bitcoin network and ensure its long-term growth.

The company’s strategy involves establishing a system of over-collateralization, where Bitcoin serves as collateral for issuing stable loans. MicroStrategy has already introduced various financial instruments, including STRK stock with an 8% dividend, STRF perpetual bonds offering a 10% yield, preferred shares with a 12.5% return, and short-term loans (STRC). Saylor believes that even with a 90% drop in BTC, the collateral would cover loan obligations by five to ten times.

Major US banks, including JPMorgan, Citigroup, Charles Schwab, Wells Fargo, and Bank of America, are reportedly preparing to offer Bitcoin-backed credit lines and have sought consultation from MicroStrategy. However, experts caution inexperienced investors against romanticizing cryptocurrencies, emphasizing the potential risks involved.