U.S. markets closed
  • S&P 500

    4,179.76
    +60.55 (+1.47%)
     
  • Dow 30

    34,053.94
    -39.02 (-0.11%)
     
  • Nasdaq

    12,200.82
    +384.50 (+3.25%)
     
  • Russell 2000

    2,001.22
    +40.41 (+2.06%)
     
  • Crude Oil

    75.89
    +0.01 (+0.01%)
     
  • Gold

    1,928.60
    -2.20 (-0.11%)
     
  • Silver

    23.56
    -0.06 (-0.25%)
     
  • EUR/USD

    1.0910
    -0.0084 (-0.76%)
     
  • 10-Yr Bond

    3.3960
    -0.0010 (-0.03%)
     
  • GBP/USD

    1.2223
    -0.0149 (-1.20%)
     
  • USD/JPY

    128.7470
    -0.1780 (-0.14%)
     
  • BTC-USD

    23,498.05
    -213.48 (-0.90%)
     
  • CMC Crypto 200

    541.21
    -4.11 (-0.75%)
     
  • FTSE 100

    7,820.16
    +59.05 (+0.76%)
     
  • Nikkei 225

    27,402.05
    +55.17 (+0.20%)
     

‘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.

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.

This episode is sponsored by Crypto.comBitstamp and Nexo.io.

Related: First Mover: Digital Gold Narrative Could Be Bitcoin's Lone Ace as Ethereum Gains

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

See also: The Great Monetary Inflation: Paul Tudor Jones’ Complete Case for Bitcoin

Related: Bitcoin Down as Stocks Fall Over European Coronavirus Fears

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.

Related Stories