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Bitcoin CEO: MicroStrategy’s Michael Saylor Explains His $425M Bet on BTC

From coindesk.com

MicroStrategy is prepared to HODL its bitcoin for at least a century. Or so said the business intelligence firm’s founder and CEO, Michael Saylor, in an interview with CoinDesk on Tuesday, shortly after he announced on Twitter that MicroStrategy was doubling down on the godfather cryptocurrency with the purchase of $175 million more BTC. “I want something that I could put $425 million into for 100 years,” Saylor told CoinDesk. In the last two months Saylor has transformed his company’s once-sleepy cash surplus into a nearly half-billion-dollar bet on bitcoin, the “digital gold” Saylor is certain will outlast his ... (full story)

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  • Category: Fundamental Analysis