"Michael Saylor transformed MicroStrategy from a business intelligence firm into the world's largest corporate Bitcoin holder. Saylor's conviction redefined corporate strategy, turning volatility into opportunity through long-term, dollar-cost averaging purchases. His approach set the standard for institutional Bitcoin adoption despite concerns over dilution and debt. Saylor's playbook highlights research, perseverance, risk control and long-term thinking in Bitcoin investing. In August 2020, Michael Saylor transformed from a technology executive into a symbol of corporate crypto adoption."
"Saylor, long known as the co-founder and head of enterprise-software firm Strategy (previously MicroStrategy), made his first bold move into cryptocurrencies by allocating $250 million of the company's cash to purchase Bitcoin (BTC). He cited a weakening dollar and long-term inflation risks as the underlying reasons behind this strategic move. Incidentally, it marked the largest acquisition of Bitcoin by a publicly traded company at that time and set a new precedent."
Michael Saylor converted MicroStrategy from a business intelligence firm into the largest corporate Bitcoin holder by reallocating corporate cash and issuing convertible notes to buy Bitcoin. $250M initial purchase in August 2020, followed by $175M in September, $50M in December, and a $650M convertible-note issuance, pushed holdings past $1B. He cited weakening dollar and long-term inflation risk, framing Bitcoin as scarce, indestructible capital preservation—'Manhattan in cyberspace'. Saylor used dollar-cost averaging, long-term thinking, research, risk controls and perseverance; the move drew both praise and criticism over dilution and debt. A past 2013 tweet predicting Bitcoin's demise resurfaced during the pivot.
Read at cointelegraph.com
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