‘I Didn’t Buy It to Sell It. Ever.’ MicroStrategy’s Michael Saylor on His $425M Bitcoin Bet


The CEO of publicly traded MicroStrategy (MSTR) shares why he started to feel like he was “sitting on a 500-lb block of ice” and how he came to bitcoin as a solution.

MicroStrategy made waves when it announced in early August it was moving $500,000,000 in treasury reserves out of cash. At least $250 million were to be moved into bitcoin

Earlier this week, the company announced its final bitcoin purchases totaled $425 million. 

In this conversation with NLW, MicroStrategy CEO Michael Saylor explains:

  • Why he’s always treated the company with a long time horizon
  • Why the asset inflation rate is the real inflation rate
  • How he became convinced that bitcoin is the best treasury asset in the world 
  • Why Michael believes some other companies will follow suit, but better do so quick
  • Why the intensity of maximalists is actually part of the reason he grew conviction around the asset 
  • Why he would buy every bitcoin if he could

The original article is located at coindesk.com

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