Michael Saylor

It's like extracting jet fuel from a barrel of crude oil.

And so we're very excited about that.

And we think that there's an opportunity to create...

stretch-type instruments in euros or yen or Canadian currency or pounds.

In essence, everybody in the world would love to have a high-yield bank account that yielded 10% or more, or they'd love to have a money market that gave them double or triple their normal money market.

We have shown that you can extract that sort of instrument from raw Bitcoin if you have enough Bitcoin.

So I think that we will continue to grow the AUM of Stretch and then we'll look at opportunities to transform it into different currencies around the world.

Volatility is fire. If you're a normie, you run away from fire. If you're Henry Ford, you put the fire into an engine, you put it in a horseless carriage, and you create an automobile, and now people can go. And then you put it into a plane and a train, you see? So engineers are putting volatile, you know, a nuclear reactor in the spaceship. It's scary. In the submarine.

Volatility is fire. If you're a normie, you run away from fire. If you're Henry Ford, you put the fire into an engine, you put it in a horseless carriage, and you create an automobile, and now people can go. And then you put it into a plane and a train, you see? So engineers are putting volatile, you know, a nuclear reactor in the spaceship. It's scary. In the submarine.

Volatility is fire. If you're a normie, you run away from fire. If you're Henry Ford, you put the fire into an engine, you put it in a horseless carriage, and you create an automobile, and now people can go. And then you put it into a plane and a train, you see? So engineers are putting volatile, you know, a nuclear reactor in the spaceship. It's scary. In the submarine.

But Bitcoin is like the financial fuel. These things are crypto reactors. It's a technically better way to do this. And it's the volatility that's actually the motor that's driving the portfolio or the treasury forward.

But Bitcoin is like the financial fuel. These things are crypto reactors. It's a technically better way to do this. And it's the volatility that's actually the motor that's driving the portfolio or the treasury forward.

But Bitcoin is like the financial fuel. These things are crypto reactors. It's a technically better way to do this. And it's the volatility that's actually the motor that's driving the portfolio or the treasury forward.

All right, folks, so I got a question for you. I got a question for you. What's the biggest purchase you made today? I'm curious. What did you buy today? What did you buy? Maybe you went to lunch. You bought something at Chipotle. Maybe you bought a car today, right? Maybe you bought a house today. My guest today bought $4.6 billion of Bitcoin today.

All right, folks, so I got a question for you. I got a question for you. What's the biggest purchase you made today? I'm curious. What did you buy today? What did you buy? Maybe you went to lunch. You bought something at Chipotle. Maybe you bought a car today, right? Maybe you bought a house today. My guest today bought $4.6 billion of Bitcoin today.

Okay, and that's Michael Saylor with MicroStrategy. Now, here's a kicker before we get into it. We've had him on, I think this is the fourth time, Michael, you've been on. Let's go to the first time we had him on, Rob, with the picture of how many signatures was on the wall. We barely had any signatures on the wall, right? This is Michael coming on the first time. We're talking about Bitcoin.

Okay, and that's Michael Saylor with MicroStrategy. Now, here's a kicker before we get into it. We've had him on, I think this is the fourth time, Michael, you've been on. Let's go to the first time we had him on, Rob, with the picture of how many signatures was on the wall. We barely had any signatures on the wall, right? This is Michael coming on the first time. We're talking about Bitcoin.

Every time he leaves, you know, everybody here would buy Bitcoin or two. It's like, man, I got to buy something here. First time on, you came, was March 1st of 2022. At the time, the valuation of MicroStrategy stock was $41 a share. Then you came back December 5th of 2022. That's nine months later. The stock value dropped 50% from $41 to 2069. Then you came back on May 9th of 2023.

Every time he leaves, you know, everybody here would buy Bitcoin or two. It's like, man, I got to buy something here. First time on, you came, was March 1st of 2022. At the time, the valuation of MicroStrategy stock was $41 a share. Then you came back December 5th of 2022. That's nine months later. The stock value dropped 50% from $41 to 2069. Then you came back on May 9th of 2023.

The stock went up a little bit to $28. The stock today is valued at, if you can pull it up, Rob, $370, give or take, as of right now. And I think the last time net worth was around a billion dollars or so. Today net worth, just in these last months I talked about, folks, went from that billion, billion and a half to roughly $9 billion. Michael, it's great to have you back on the podcast.