TL;DR
- Michael Saylor insisted that Apple should invest in Bitcoin to improve the results of its stock buyback program.
- Apple announced a $110 billion buyback plan aimed at reducing the number of shares outstanding and returning capital to shareholders.
- Corporate adoption of BTC continues to grow: GameStop purchased 4,710 BTC following a convertible debt issuance.
Michael Saylor reiterated that Apple should add Bitcoin to its balance sheet to enhance the impact of its stock buyback program. His remarks came after Jim Cramer criticized Apple’s current buyback efforts, saying they haven’t produced the expected effect on the company’s share price.
In May, Apple unveiled a $110 billion buyback plan focused on lowering the number of shares available and returning value to shareholders. Despite this, Apple’s stock has dropped more than 17% since the start of the year.
During the same period, Bitcoin rose over 17%, and over the last five years, its price surged more than 1,000%, compared to Apple’s 137% growth. This disparity supports Saylor’s argument that BTC offers a more profitable store of value.
Many Companies Protect and Strengthen Their Capital with Bitcoin
Bitcoin is experiencing significant corporate and institutional adoption. GameStop recently announced its first Bitcoin purchase, acquiring 4,710 BTC for about $513 million after issuing $1.3 billion in convertible notes. In Japan, Metaplanet became one of the largest corporate BTC holders in Asia and revealed plans to raise an additional $5.4 billion to expand its position.
In Europe, The Blockchain Group reported plans to raise over $340 million to grow its BTC treasury. The company had already bought $68 million worth of BTC the previous week, bringing its total holdings to 1,471 coins valued at more than $154 million.
Meanwhile, Bitcoin exchange-traded funds showed signs of recovery. After two days of selling, they recorded net inflows exceeding $386 million, according to Farside Investors data. This rebound reflects growing institutional interest in the crypto market
