‘I Didn’t Buy It to Sell It. Ever.’ MicroStrategy’s Michael Saylor on His $425 Million Bitcoin Bet

<p><span style="font-weight: 400;">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</span> <a href= "http://coindesk.com/price/bitcoin"><span style="font-weight: 400;"> bitcoin</span></a><span style= "font-weight: 400;">. </span></p> <p><span style="font-weight: 400;">Earlier this week, the company announced its final bitcoin purchases totaled $425 million. </span></p> <p><span style="font-weight: 400;">In this conversation with NLW, MicroStrategy CEO Michael Saylor explains:</span></p> <ul> <li style="font-weight: 400;"><span style="font-weight: 400;">Why he’s always treated the company with a long time horizon</span></li> <li style="font-weight: 400;"><span style="font-weight: 400;">Why the asset inflation rate</span> <em><span style= "font-weight: 400;">is</span></em> <span style= "font-weight: 400;">the real inflation rate</span></li> <li style="font-weight: 400;"><span style="font-weight: 400;">How he became convinced that bitcoin is the best treasury asset in the world </span></li> <li style="font-weight: 400;"><span style="font-weight: 400;">Why Michael believes some other companies will follow suit, but better do so quick</span></li> <li style="font-weight: 400;"><span style="font-weight: 400;">Why the intensity of maximalists is actually part of the reason he grew conviction around the asset </span></li> <li style="font-weight: 400;"><span style="font-weight: 400;">Why he would buy every bitcoin if he could</span></li> </ul>