Michael Saylor teases potential bank meeting on Bitcoin

Key Takeaways

• Michael Saylor hinted at a possible meeting with a bank about Bitcoin.
• No further details about the bank or meeting were disclosed.

Michael Saylor hinted today that he met with a bank, possibly about Bitcoin.

The Strategy executive chairman shared a photo taken from a high-rise office overlooking the city and told his 4.7 million X followers to “guess the bank.”

The photo prompted widespread speculation in the comments after Saylor said at Bitcoin MENA in Abu Dhabi this week that top US banks had approached him in the last six months.

“I have noted and been approached by BNY Mellon, by Wells Fargo, Bank of America, by Charles Schwab, by JPMorgan, by Citi. They’re all starting to issue credit against either Bitcoin or against Bitcoin derivatives like IBIT,” he said.

JPMorgan, led by long-time Bitcoin skeptic Jamie Dimon, has filed for a structured note leveraged product via BlackRock’s IBIT that targets Bitcoin. The investment vehicle, pending SEC approval, could yield 1.5x gains on Bitcoin by 2028, but also poses substantial loss risks if Bitcoin’s price declines.

Many X users guessed Saylor was meeting with JPMorgan, while others suggested the shot might have been taken at Deutsche Bank.