Michael Saylor claims the company will hold Bitcoin for ‘100 years’
Microstrategy CEO Michael Saylor plans to hold his Bitcoin for 100 years, describing it as “the world’s best collateral.” Microstrategy CEO Michael Saylor said he will hold his company’s Bitcoin (BTC) for 100 years, and has no intention of selling it. On Aug 11, the business intelligence firm announced it had purchase of 21,454 BTC for $250 million. This investment is now worth more than $278 million, representing an 11% increase in two months. The firm has purchased more Bitcoin since.In a new interview with Real Vision CEO Raoul Pal, Saylor said the decision to invest $250 million was....
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The Microstrategy executive Michael Saylor is a big believer in Bitcoin as his company has purchased close to 130,000 bitcoin during the last few years. Six days ago, the U.S. Office of Science and Technology Policy published a report that claims proof-of-work mining operations have been affecting climate change. The science and tech department believes the Biden administration needs to take action against the industry and create mining standards and regulations. Following the report, Saylor published a letter addressed to journalists, investors, and regulators concerning the “sheer....
In May, an alleged “insider” claimed that a group of Bitcoin Whales were trying to get a series of positions liquidated from a big player. Justin Sun, founder of blockchain TRON, and Michael Saylor, CEO of software company MicroStrategy, were the top 2 suspect targets. The rumor has extended as Saylor announced new BTC purchases […]
Michael Saylor, the chairman of Strategy (formerly MicroStrategy), the largest corporate Bitcoin (BTC) holding company, is intensifying his multibillion-dollar investment in BTC. In a recent report by Bloomberg, it was revealed that Saylor is increasing the yield on preferred shares, which he has designated as the primary funding source for the company going forward. Investor […]
Michael Saylor Interview on The Center Cannot Hold, a show from Bitcoin Magazine podcast.
Michael Saylor is vacating his position as MicroStrategy’s chief executive to become Executive Chairman, focusing on the company’s bitcoin strategy, according to a statement posted by MicroStrategy, Tuesday afternoon. Since MicroStategy’s founding in 1989, Saylor has served as the company’s CEO. In 1998, the cloud software company went public. Phong Le, the firm’s current president and former chief […]