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

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Nathaniel Whittemore
·2 min read
In this article:
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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.com, Bitstamp 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.

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