Michael Saylor Urges Apple to Buy Bitcoin Instead of Stock Buybacks

Apple’s recent stock buyback program has drawn criticism from investors and experts alike, leading Michael Saylor, executive chairman at MicroStrategy, to suggest a more strategic approach. In a statement on June 10, Saylor addressed concerns over Apple’s buyback strategy performance, emphasizing the potential of Bitcoin as an alternative asset class. He highlighted that while Apple has committed $110 billion for stock buybacks, Bitcoin has shown significantly higher returns compared to the tech giant’s traditional capital allocation strategies.