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

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

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<p class="canvas-atom canvas-text Mb(1.0em) Mb(0)–sm Mt(0.8em)–sm" type="text" content="This episode is sponsored by&nbsp;Crypto.com,&nbsp;Bitstamp&nbsp;and&nbsp;Nexo.io.” data-reactid=”21″>This episode is sponsored by Crypto.comBitstamp and Nexo.io.

<p class="canvas-atom canvas-text Mb(1.0em) Mb(0)–sm Mt(0.8em)–sm" type="text" content="Related: Market Wrap: Bitcoin Tests $11K; Uniswap Passes $1.5B Locked” data-reactid=”26″>Related: Market Wrap: Bitcoin Tests $11K; Uniswap Passes $1.5B Locked

<p class="canvas-atom canvas-text Mb(1.0em) Mb(0)–sm Mt(0.8em)–sm" type="text" content="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&nbsp;bitcoin.&nbsp;” data-reactid=”27″>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

<p class="canvas-atom canvas-text Mb(1.0em) Mb(0)–sm Mt(0.8em)–sm" type="text" content="See also: The Great Monetary Inflation: Paul Tudor Jones’ Complete Case for Bitcoin” data-reactid=”37″>See also: The Great Monetary Inflation: Paul Tudor Jones’ Complete Case for Bitcoin

<p class="canvas-atom canvas-text Mb(1.0em) Mb(0)–sm Mt(0.8em)–sm" type="text" content="Related: New on Bitcoin’s Lightning Network: LND Adds Accounting Feature, c-lightning Gets an Upgrade” data-reactid=”38″>Related: New on Bitcoin’s Lightning Network: LND Adds Accounting Feature, c-lightning Gets an Upgrade

<p class="canvas-atom canvas-text Mb(1.0em) Mb(0)–sm Mt(0.8em)–sm" type="text" content="For&nbsp;more episodes&nbsp;and free early access before our regular 3 p.m. Eastern time releases, subscribe with&nbsp;Apple Podcasts, Spotify, Pocketcasts, Google Podcasts, Castbox, Stitcher, RadioPublica, iHeartRadio&nbsp;or&nbsp;RSS.” data-reactid=”39″>For more episodes and free early access before our regular 3 p.m. Eastern time releases, subscribe with Apple Podcasts, Spotify, Pocketcasts, Google Podcasts, Castbox, Stitcher, RadioPublica, iHeartRadio or RSS.

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