
Michael Saylor Explains Strategy’s Bitcoin Bet: Key Takeaways
In a recent tweet, Michael Saylor, the CEO of MicroStrategy, stunned his followers by stating that “everyone wants a winning strategy,” which could be an explanation for the company’s aggressive push to acquire more Bitcoin. As one of the largest institutional holders of Bitcoin, MicroStrategy has been buying the cryptocurrency since late October.
As it stands, the enterprise software company has amassed a significant portfolio of over $42 billion worth of Bitcoin under Saylor’s leadership. Moreover, the business is planning to raise an additional $42 billion in securities to further acquire more Bitcoin and expand its fixed-income offerings.
At the time of writing, Bitcoin was valued at around $84,386.
Saylor’s statement may indicate that the company’s strategy revolves around capitalizing on investor desire for a winning approach.
Source: https://u.today/michael-saylor-explains-strategys-bitcoin-bet-key-takeaways