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

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.

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:

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Source: Coindesk