Bitcoin CEO: MicroStrategy's Michael Saylor Explains His $425M Bet on BTC - CoinDesk
Michael Saylor has turned MicroStrategy's sleepy cash surplus into a nearly half-billion-dollar bet on bitcoin's long-term potential.
Everyone’s favorite new HODLer. Bold move. I love it.
EXCLUSIVE: MicroStrategy CEO
speaks about his firm's #bitcoin pivot. "I want something that I could put $425 million into for 100 years," Saylor told CoinDesk.
“This is not a speculation, nor is it a hedge. This was a deliberate corporate strategy to adopt a bitcoin standard.” -
“This was a deliberate corporate strategy to adopt a bitcoin standard.”
MicroStrategy CEO Michael Saylor got his bitcoin education from
and other "bitcoin luminaries" he stumbled upon while careening down the crypto "rabbit hole" earlier this year.
Corporate reserves = "billions of excess capital" parked in cash for years. MicroStrategy's move of allocating nearly $0.5b into BTC could certainly start a trend. Their stock rose has risen 30%. 🤔
“I want something that I could put $425 million into for 100 years,”