BREAKDOWN: 'I Didn't Buy It to Sell It. Ever.' MicroStrategy's Michael Saylor on His $425M Bitcoin Bet

The CEO of publicly traded MicroStrategy (MSTR) shares why he started to feel like he was “sitting on a 500-lb block of ice” and how he came to bitcoin as a solution.

This episode is sponsored by Crypto.com, Bitstamp and Nexo.io.

MicroStrategy made waves when it announced in early August it was moving $500,000,000 in treasury reserves out of cash. At least $250 million were to be moved into bitcoin. 

Earlier this week, the company announced its final bitcoin purchases totaled $425 million. 

In this conversation with NLW, MicroStrategy CEO Michael Saylor explains:

Why he’s always treated the company with a long time horizonWhy the asset inflation rate is the real inflation rateHow he became convinced that bitcoin is the best treasury asset in the world Why Michael believes some other companies will follow suit, but better do so quickWhy the intensity of maximalists is actually part of the reason he grew conviction around the asset Why he would buy every bitcoin if he could

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