10.5 C
Amsterdam
28 March 2024
PumpMoonshot
Image default
Bitcoin

‘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.

For more episodes and free early access before our regular 3 p.m. Eastern time releases, subscribe with Apple PodcastsSpotify, Pocketcasts, Google PodcastsCastboxStitcherRadioPublicaiHeartRadio or RSS.

Subscribe to Blockchain Bites, our daily update with the latest stories.

SUBSCRIBEBy signing up, you will receive emails about CoinDesk products and you agree to our terms & conditions and privacy policy.

This episode is sponsored by Crypto.com, Bitstamp and Nexo.io.

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

See also: The Great Monetary Inflation: Paul Tudor Jones’ Complete Case for Bitcoin

For more episodes and free early access before our regular 3 p.m. Eastern time releases, subscribe with Apple PodcastsSpotifyPocketcastsGoogle PodcastsCastboxStitcherRadioPublicaiHeartRadio or RSS.

Related posts

Bitcoin Weekly Forecast: Macro bearish trend persists, but a respite for BTC bulls

PumpMoonshot

This Crucial Price Level May Determine Fate of Bitcoin for the Rest of 2021, According to Analyst Justin Bennett

PumpMoonshot

Is Bitcoin ban in the US no longer a possibility?

PumpMoonshot
Verified by MonsterInsights