Michael Saylor on Why He Made a Bold USD 425 Million Bitcoin Bet

Michael Saylor, the CEO of business intelligence firm MicroStrategy (MSTR) says he considered gold prior to converting its USD 425 million worth of cash reserves into bitcoin (BTC).

In this interview with Daniela Cambone, Saylor reveals that he had seriously considered moving the reserves into gold, but details how he sees bitcoin beating it by every metric. According to him, "gold is an infinite asset, considering its mined on a regular basis."

When speaking of Bitcoin, he said: “Bitcoin is the best and the most liquid security invented in the history of the world.”

The decision to convert its cash holdings into BTC marked MicroStrategy as the first public company ever to store the major chunk of its treasury value into Bitcoin.

The interview was published on October 2, 2020.