Saylor realized this amount of cash was almost sitting idle, because interest rates were low. Therefore, he wants to invest to make the best use of them. After considering, between stocks, precious metals and Bitcoin, he chose digital currency.
Successful Bitcoin bet by American software company
MicroStrategy stock rose more than 300% last year, more than Nvidia or Meta, thanks entirely to the company pouring billions of dollars into Bitcoin.
"We chose Bitcoin because it is considered digital gold. It is smarter, stronger and faster than gold,"he said in the first business results announcement after announcing the Bitcoin strategy.This company then borrowed billions of dollars, even issuing more shares, to buy Bitcoin
"At that time, we had to die quickly, die slowly, and thirdly take risks," former MicroStrategy CEO Michael Saylor said on the WSJ in 2022. Now perfect for me