Michael Saylor dares JP Morgan and Berkshire Hathway to compete

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Hathaway to compete in the Bitcoin economy. He said:"I welcome the competition from JP Morgan."The preferred stocks that Strategy offers — STRK, STRF, and STRD are tied to Bitcoin's measured performance and a fraction of its volatility, allowing the company to issue what Saylor called "the most liquid preferred stocks in the world with the highest performance." The advantage Strategy holds is that it is a 100% Bitcoin company, he underlined.Saylor added that he deemed it impossible for a company to issue Bitcoin-backed convertible or fixed preferred stocks unless it was willing to turn its entire balance sheet Bitcoin-based. He added:"So I'm not really worried about competition from JP Morgan or Berkshire Hathaway."The Bitcoin bill said he would love to see these established institutions purchase the cryptocurrency. But when they will purchase it, they'll be paying $1 million per Bitcoin for the acquisition, he warned:"The price will go to the moon."Saylor made these remarks in an interview with Bloomberg Crypto on 10 June. He added that Bitcoin's epic rally will be good for the entire crypto economy, including everyone holding any Bitcoin-backed equity or credit based instruments.The Strategy chairman also addressed JP Morgan CEO Jamie Dimon and Berkshire Hathaway CEO Warren Buffett characterizing Bitcoin as "worthless" and “rat poison squared” respectively. The Bitcoin advocate argued that people even called electricity and airplanes worthless in the beginning because they didn't understand the new technologies.Saylor's Strategy began acquiring Bitcoin in 2020 and is the world's largest corporate Bitcoin holder today.As per Kraken, Bitcoin was trading at $109,698.76 at press time.Michael Saylor dares JP Morgan and Berkshire Hathway to compete first appeared on TheStreet on Jun 11, 2025This story was originally reported by TheStreet on Jun 11, 2025, where it first appeared.Terms and Privacy PolicyPrivacy & Cookie SettingsMore InfoS&P 5006,047.42 +8.61 (+0.14%)Dow 3043,073.88 +207.01 (+0.48%)Nasdaq19,724.61 +9.62 (+0.05%)Russell 20002,165.57 +9.16 (+0.42%)VIX16.29 -0.66 (-3.89%)Gold3,341.90 -1.50 (-0.04%)PortfolioSign in to access your portfolioSign inTop gainersQUBT Quantum Computing Inc. 19.76 +4.63 (+30.60%)OKLO Oklo Inc. 66.68 +14.14 (+26.92%)SMR NuScale Power Corporation 40.25 +5.69 (+16.48%)RGTI Rigetti Computing, Inc. 12.67 +1.43 (+12.72%)BILI Bilibili Inc. 21.17 +1.72 (+8.82%)Top losersNEGG Newegg Commerce, Inc. 10.73 -1.72 (-13.86%)LYEL Lyell Immunopharma, Inc. 9.61 -1.20 (-11.06%)CHWY Chewy, Inc. 41.32 -4.47 (-9.76%)GTLB GitLab Inc. 43.98 -4.53 (-9.35%)CLF Cleveland-Cliffs Inc. 7.35 -0.68 (-8.42%)Most activeRGTI Rigetti Computing, Inc. 12.67 +1.43 (+12.72%)QUBT Quantum Computing Inc. 19.76 +4.63 (+30.60%)NVDA NVIDIA Corporation 143.73 -0.22 (-0.15%)INTC Intel Corporation 20.80 -1.31 (-5.92%)TSLA Tesla, Inc. 330.46 +4.37 (+1.34%)Earnings eventsTrending tickersOKLO Oklo Inc. 67.24 +14.70 (+27.97%)QUBT Quantum Computing Inc. 19.96 +4.83 (+31.92%)PLTR Palantir Technologies Inc. 138.11 +5.29 (+3.99%)INTC Intel Corporation 20.79 -1.32 (-5.98%)RGTI Rigetti Computing, Inc. 12.81 +1.57 (+13.94%)Top economic events