Michael Saylor, co-founder and chairperson of MicroStrategy, told the ICR conference in Orlando that companies should turn to bitcoin investments because traditional bonds such as treasuries are "poison". He highlighted that bitcoin has outperformed bonds since the company began implementing its bitcoin investment strategy in 2020, and advised businesses to consider bitcoin as digital capital.
MicroStrategy recently added $243 million to its bitcoin holdings, the tenth consecutive week of buying, Mr. Saylor said. The company now has about $41 billion of bitcoin, or more than 2 per cent of the total supply. He also criticised companies such as Microsoft and Nvidia for failing to follow MicroStrategy's bitcoin investment strategy. Mr. Saylor encouraged companies to "embrace the future", saying that "the only consequence of taking action is getting rich".
Michael Saylor: Companies should turn to bitcoin because traditional bonds such as Treasuries are "poison"
2025-01-14 00:35:01
Microstrategy co-founder and chairperson michael saylor orlando icrdesk3cryptocurrencydesktopCrypto News
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