Michael Saylor says Apple should buy Bitcoin after its latest share buyback fails to impress investors, suggesting BTC could offer better long-term value.
According to Michael Saylor, Apple’s stock repurchase program may benefit financially from exposure to Bitcoin.
Michael Saylor, executive chairman of Strategy, believes that Apple, the fourth-largest corporation in the world by market capitalization, should purchase Bitcoin to improve the success of its stock buyback program.
In an X post on June 10, Saylor stated that Apple ought to purchase Bitcoin.
Saylor’s remark addressed Jim Cramer’s critique of the Apple repurchase scheme.
Cramer stated in an X post on June 10 that “the Apple buyback is not working right now.”
The business has two options: take some and integrate, or leave it to make a lot of money. It’s not a mark of disgrace. “It simply isn’t,” he continued.
According to a May 2024 filing with the US Securities and Exchange Commission (SEC), Apple’s $110 billion stock buyback strategy intends to return value to stockholders and decrease the number of outstanding shares.
However, Apple’s stock has dropped by more than 17% since the year began.
According to TradingView data, Bitcoin has increased by more than 17% throughout that time. Bitcoin has increased by over 1,000% over the last five years, while Apple’s stock has risen by 137%.
Global corporate usage of Bitcoin is increasing.
As more businesses move to include Bitcoin on their balance sheets, there is a clamor for Apple to follow suit.
After launching a $1.3 billion convertible notes offering, US video game and consumer electronics giant GameStop revealed its first Bitcoin investment on May 28. The company paid around $513 million for 4,710 BTC.
After becoming the eighth-largest corporate Bitcoin holder in the world on June 2, Japanese investment firm Metaplanet is leading the way in adopting Bitcoin in Asia.
Following the company’s announcement that it would raise $5.4 billion in capital to purchase more Bitcoin, Metaplanet’s shares surged more than 12% during Monday’s trading session.
The Paris-based cryptocurrency company The Blockchain Group revealed ambitions to raise more than $340 million for its Bitcoin treasury. A week before the revelation, the company purchased $68 million worth of Bitcoin, increasing its total holdings to 1,471, or more than $154 million.
According to Farside Investors data, spot Bitcoin exchange-traded funds saw net positive inflows of approximately $386 million on June 9, recovering after a two-day sell-off. In recent weeks, the company has pledged to expand its data center footprint aggressively. Last week, it pledged $10B to invest in new data centers in North Carolina.
“Generative AI is driving increased demand for advanced cloud infrastructure and compute power…” Amazon wrote last week in an announcement. The company also announced plans to invest more than $5 billion in its new cloud infrastructure in Taiwan.
Amazon has already set aside up to $100 billion this year on capital expenditures, with most of the shares going to AI-related projects.
The e-commerce juggernaut has become one of the premier stocks of the Magnificent 7. Not only has its core business continued to thrive, but it has firmly embraced its position as one of the most diversified tech companies in the world.
Lately, part of that diversification has been in artificial intelligence. That’s where Amazon Web Services (AWS) has been huge.
For Pennsylvania, Salem Township and Falls Township are the first communities identified as sites for future data centers/Amazon campuses.
These will also create 1,250 high-skilled jobs and support thousands more in the AWS data center chain. The company did not specify a timeframe for its investment.
As the cloud industry continues to heat up in the face of massive AI demand, Amazon continues to head the charge and invest in further infrastructure.
Investors have responded positively to Amazon’s efforts in expansion, yet AMZN stock is down 2% year-to-date. However, most of that drop came following sweeping tariff threats in April. Now, AMZN has backed up 11% in the last 30 days.
Amazon stock forecast models reflect optimism around these innovations, with 48 analysts setting price targets averaging $241.64. Current trading shows Amazon at $207.23, indicating a potential 16.60% upside. Global reach, innovation, and enterprise adoption
