Bitcoin Doesn't Need a Bank, Yet MicroStrategy Wants to Become One

Strategy (formerly MicroStrategy) wants to become the Bitcoin bank of the world. Michael Saylor repeated that goal on November 6. On the same day, an on-chain researcher showed that Bitcoin’s full blockchain still fits on a single 1TB drive. That lets ordinary users check the network themselves, without any bank. MicroStrategy Pitches a Bitcoin Bank at Money20/20 Strategy CEO Phong Le laid out the plan at the Money20/20 fintech conference. There, he discussed Bitcoin as digital capital, the company’s STRC preferred stock and the merging of traditional and decentralized finance. According to Le, Strategy has grown from an enterprise software firm into a holder of 845,000 BTC. Saylor shared Le’s interview on X shortly after. The idea is not new.

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