Michael Saylor On Buying Bitcoin With His Balance Sheet

I just listened to The Pomp’s Podcast where he interviewed Michael Saylor on his views on bitcoin. Michael Saylor is the CEO of MicroStrategy, a billion-dollar enterprise analytics company that is listed on the NASDAQ. “MicroStrategy adopts bitcoin as Primary Treasure Reserve Asset”― MicroStrategy’s Investor Relations Press Release, August 11 2020 He became well known in the crypto community when MicroStrategy bought more than $400 million of bitcoin using the cash in their balance sheet. Crazy? It is the first public-listed company to make this bold move and here is why. The conversation is brilliant, rich with insights and I have condensed the essence of the podcast into this article. Before that, here is a preview theme of what’s to come next: “Cash is trash.” 1. MicroStrategy’s Cash Position MicroStrategy has lots of cash in its balance sheet. The business is doing very well, there are no debts, they are

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