Michael Saylor, the founder of MicroStrategy, has revealed the pandemic lockdowns and monetary policies that led him to convert company cash into #Bitcoin . Back in 2020, MicroStrategy had $500 million sitting in cash reserves, earning practically nothing thanks to the Federal Reserve’s actions. Saylor saw this as a “bifurcation” where Main Street suffered while Wall Street thrived.
He called it a “war on currency,” with central banks printing money and slashing interest rates. At first, Saylor considered diversifying into real estate, stocks, or even collectible art, but he eventually settled on $BTC as a safer bet. In August 2020, MicroStrategy made its first Bitcoin purchase 21,454 coins for $250 million.
Fast forward to today, MicroStrategy holds a staggering 582,000 Bitcoin, worth around $63 billion, making them the largest corporate Bitcoin holder. Saylor’s bold strategy has since become the blueprint for other companies looking to hedge against inflation.
