CEO who bet $250M on Bitcoin now sits on $74.8B treasure chest
Key Points
- Michael Saylor has transformed MicroStrategy into a Bitcoin ...
Michael Saylor has turned corporate treasury management into the world's most expensive Bitcoin addiction, and frankly, it's working out better than anyone expected. MicroStrategy now holds 632,457 BTC worth approximately $74.8 billion, making their August 2020 decision to dump $250 million into cryptocurrency look like the financial equivalent of buying Amazon stock in 1997.
When "Diversification" Became a Four-Letter Word
Back when most CEOs were still figuring out what blockchain meant, Saylor decided his company cash was better off in Bitcoin than sitting in traditional investments e...
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