![]() There’s 7,000 companies that can’t keep up. There’s seven companies that generate all the shareholder returns. He discussed in a Fox Business interview how mainstream companies are metaphorically battling with one hand tied behind their backs, emphasizing the need for such companies to expand their revenues and cash flows at a minimum of 20% annually to keep pace with dominant firms like Apple, Microsoft, and others in the ‘Magnificent Seven.’ Michael Saylor has expressed his belief that the unique economic environment, marked by government-induced inflation and technology-driven deflation, makes it challenging for companies outside the elite group of the ‘Magnificent Seven’ to achieve significant, sustained growth. The company’s substantial bitcoin holdings, amounting to billions of dollars, have contributed significantly to this year-to-date increase of 122% in the cryptocurrency’s value. This surge can be attributed to MicroStrategy’s strategic investment in bitcoin, the world’s foremost cryptocurrency, which also reached a new annual high on Friday, surpassing $37,900. The firm’s shares experienced a notable increase on Thursday, surging 6% to approximately $492 per share. ![]() ![]() In 2023, MicroStrategy, steered by its bitcoin-supporting founder and executive chairman Michael Saylor, has seen its stock skyrocket by an impressive 246%. Join Our Telegram channel to stay up to date on breaking news coverage ![]()
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