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Michael Saylor reveals 'greatest risk' to Bitcoin
When I first heard the word Bitcoin (BTC) around the mid-2010s, Michael Saylor wasn’t anywhere in the picture. But now, one can't talk about Bitcoin without mentioning Saylor. In 1989, Saylor co-founded a software company called MicroStrategy (Nasdaq: MSTR). But when he came across Bitcoin during the coronavirus pandemic in 2020, he decided to turn his software enterprise into a digital asset treasury (DAT) dedicated to BTC. A DAT acquires cryptocurrency to add to its corporate balance sheet. The way other public companies hold cash on their balance sheets, a DAT company holds crypto assets on its balance sheet. ... (full story)
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