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A bitcoin whale's last word at the helm
Michael Saylor would most like to be remembered for his contribution to society as an educator, the CEO tells Axios in his last days as chief of the software company he co-founded in the 1980s. The big picture: But what stands out from Saylor's 33-year tenure at the helm of MicroStrategy is its $4 billion bet on bitcoin that started with one large purchase in Aug. 2020 — the largest acquisition of bitcoin by a publicly-traded company at the time. • "No one had the cojones to buy $250 million of bitcoin with cash," he acknowledges. Why it matters: The strategy cracked open the back door for traditional firms to ... (full story)
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- Posted: Aug 5, 2022 12:52pm
- Submitted by:Category: Fundamental AnalysisComments: 0 / Views: 102
