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- Michael realised that if the cost of capital remained higher than 15%, his company needed to take immediate action. Around the same time, the IRS deemed bitcoin a property rather than a currency, which created an interesting opportunity for MicroStrategy. Michael says how the events of 2020 meant they “had to come up with a treasury strategy.
www.bcbgroup.com/why-microstrategy-are-investing-in-bitcoin/
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Why did Michael Saylor move cryptocurrencies?
Mar 21, 2021 · Michael Saylor breaks down why he made the move, and his ambitous effort to convince large corporations to add the cryptocurrency to their financial toolboxes.
- Eben Shapiro
Jan 8, 2024 · Key Points. Since 2020, Michael Saylor and MicroStrategy have acquired nearly $7.5 billion worth of Bitcoin. Due to the surging pace of global adoption, the price of Bitcoin should increase over...
1 day ago · The new purchases was made at an average price of $60,408 per token, Executive Chairman Michael Saylor said in an X post on Friday morning, boosting the company's holdings to 244,800 BTC ...
Nov 30, 2023 · Michael Saylor’s aggressive bitcoin strategy has been paying off as MicroStrategy sits in profit on its 174,530 BTC stash.
Jan 8, 2024 · According to Bitcoin bull and MicroStrategy CEO Michael Saylor, Bitcoin's unique properties make it a superior store of value over the long haul.
Sep 15, 2020 · MicroStrategy has settled on bitcoin as the treasury alternative. “This is not a speculation, nor is it a hedge,” said Saylor. “This was a deliberate corporate strategy to adopt a bitcoin ...
1 day ago · Michael Saylor⚡️ @saylor·Follow MicroStrategy has acquired 18,300 BTC for ~$1.11 billion at ~$60,408 per #bitcoin and has achieved BTC Yield of 4.4% QTD and 17.0% YTD.
