SaylorBTCPurchase

Mr. Saylor has been the CEO since August 2022. He is the co-founder of MicroStrategy and previously served as CEO from 1989 to 2022. He is the Chairman of the Board at MicroStrategy, a position he has held since co-founding the company. He is an American entrepreneur, executive, inventor, and author.

The purchase of Bitcoin made by Michael Saylor, the founder and former CEO of MicroStrategy, a publicly traded data analytics company.

Who is Michael Saylor?

Michael Saylor is an American entrepreneur who became one of the leading advocates for Bitcoin in 2020, leading his company to invest in Bitcoin as a treasury reserve asset instead of holding cash liquidity.

Bitcoin Purchases:

In August 2020, MicroStrategy made its first large purchase of approximately $250 million worth of Bitcoin and continued to purchase Bitcoin regularly, sometimes using convertible bonds to raise funds. By mid-2024, it owned over 190,000 Bitcoin, making it the largest publicly traded company holding Bitcoin.

Saylor's Motivations:

He sees Bitcoin as digital gold and a means to hedge against inflation and the loss of purchasing power of cash.

Impact of His Decisions:

Saylor helped introduce Bitcoin to the corporate world, institutions, and even countries.

It has become a reference for companies considering acquiring BTC.

$BTC