Michael Saylor's $40bn bitcoin bet | FT Film

Video Description

Crypto evangelist Michael Saylor has transformed Strategy from a loss-making software company into the world's largest corporate holder of bitcoin. The FT unpacks what some investors have dubbed Saylor's 'infinite money glitch', and questions whether it can survive a crypto crash #michaelsaylor #Strategy #Bitcoin #Crypto 00:00 - Introduction 02:24 - The FT stock-picking blunder 03:59 - The bitcoin proxy explained 06:23 - Trump-inspired bitcoin bull market 07:27 - Premium to net asset value explained 08:41 - Buying on the rip 10:45 - Accretion not dilution 12:34 - The infinite money glitch 14:55 - Reasons for and against bitcoin 17:53 - Tariff-inspired bitcoin dip 18:35 - FTX and the recovery 19:51 - Strategy's long-term debt and liquidity 20:55 - New products, new money 23:01 - The leap of faith 26:04 - The upshot ► Enjoying FT content? Get a daily slice of the very best FT journalism with FT Edit. Free for 30 days then just £4.99 a month See if you get the FT for free as a student (http://ft.com/schoolsarefree) or start a £1 trial: https://subs.ft.com/spa3_trial?segmentId=3d4ba81b-96bb-cef0-9ece-29efd6ef2132. ► Check out our Community tab for more stories: https://www.youtube.com/@FinancialTimes/community ► Listen to our podcasts: https://www.ft.com/podcasts ► Follow us on Instagram: https://www.instagram.com/financialtimes ► Follow us on Instagram: https://www.tiktok.com/@financialtimes