In a wide-ranging discussion, crypto analyst Dylan LeClair broke down the innovative "Bitcoin strategy playbook" pioneered by MicroStrategy (NASDAQ:MSTR) and is now being adopted even by soccer clubs.
What Happened: LeClair noted on the "What Bitcoin Did" podcast that the strategy's core involved leveraging corporate finance tools to accumulate Bitcoin (CRYPTO: BTC). For public companies like MicroStrategy, this includes issuing convertible bonds and equity to purchase Bitcoin, effectively creating a "Bitcoin balance sheet."
"Sailor figured out how to give a bond market starved of yield exposure to Bitcoin volatility," LeClair noted. This allowed MicroStrategy to borrow at extremely low rates and use the proceeds to buy Bitcoin.
LeClair noted that while this strategy seemed risky to many, it has paid off handsomely. MicroStrategy's market cap has grown from $1 billion to over $30 billion since implementing this approach.
LeClair believes more companies will adopt versions of this playbook as Bitcoin gains mainstream acceptance. However, he cautioned that fully embracing the strategy remains a "radical step" for most corporations at this stage.
Also Read: MicroStrategy Stock Has Soared 1200% Since Adding Bitcoin to Its Balance Sheet, Outpacing Nvidia's Returns: What You Should Know
Why It Matters: The strategy isn't limited to public companies. Real Bedford FC, an 8th-tier English football club, has accumulated 82 Bitcoin using similar principles. Club chairman and podcast host Peter McCormack shared that this has led to unprecedented merchandise sales and sponsorship deals for a club at their level.
"We're getting the same sponsorships that clubs get in the professional leagues because they want exposure to Bitcoiners," McCormack said.
"We're starting to see those trickle in," LeClair concluded, "but I don't think we're at the point in time where that's widely adopted yet."
Recently, Defiance ETFs launched MSTX (NASDAQ:MSDTX), the first single-stock leveraged ETF for MicroStrategy in the U.S.
What's Next: The influence of Bitcoin as an institutional asset class is expected to be thoroughly explored at Benzinga's upcoming Future of Digital Assets event on Nov. 19.
MSTX Becomes First Single-Stock Leveraged ETF For MicroStrategy Stock, Offers 175% Exposure
オーストラリアでは、moomooの投資商品及びサービスはMoomoo Securities Australia Limitedによって提供され、オーストラリア証券投資委員会（ASIC）の管理を受けております（AFSL No. 224663）。「金融サービスガイド」、「利用規約」、「プライバシーポリシー」などの詳細は、Moomoo Securities Australia Limitedのウェブサイトhttps://www.moomoo.com/auでご確認いただけます。
オーストラリアでは、moomooの投資商品及びサービスはMoomoo Securities Australia Limitedによって提供され、オーストラリア証券投資委員会（ASIC）の管理を受けております（AFSL No. 224663）。「金融サービスガイド」、「利用規約」、「プライバシーポリシー」などの詳細は、Moomoo Securities Australia Limitedのウェブサイトhttps://www.moomoo.com/auでご確認いただけます。
LeClair noted that while this strategy seemed 
リクレアは、この戦略が多くの人にとってリスクがあるように見えたにもかかわらず、それが成功裏に終わったと述べました。このアプローチを導入してから、マイクロストラテジーの時価総額は10億ドルから3,000億ドル以上に成長しました。
