Who Are The Investors Backing Michael Saylor’s Big Play Into Bitcoin?
Software intelligence firm MicroStrategy made one of the boldest investment moves of the year when it invested $250 million into bitcoin, buying about 0.1 percent of the total supply in August. Its CEO, Michael Saylor, has doubled down on the move in countless public comments and earlier this month, the firm raised $650 by offering convertible senior notes with plans to buy even more BTC. But these moves cannot be made by Saylor alone. The company’s board and investors must also see the value in a transition to bitcoin. But who are these bullish investors? How did Saylor convince them to....
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