MicroStrategy’s co-founder and executive chairman, Michael Saylor, who served as the company’s former CEO for over 30 years, continues to remain bullish on bitcoin three years after his publicly-traded business intelligence company decided to make its first BTC purchase.
Saylor has also made big price predictions for the asset, believing its value could exceed $1 million per coin.
MicroStrategy Holds Nearly 153,000 BTC 3 Years Later
MicroStrategy made history and headlines on August 11, 2020, after becoming the first publicly-traded company to purchase bitcoin. The firm initially hinted in July 2020 about its plans to invest in assets such as bitcoin or gold rather than holding cash, as a way to escape inflation, with the company later deciding to buy BTC worth $250 million and adopting it as its primary treasury reserve asset.
According to Saylor at the time, who was MicroStrategy’s CEO, the decision to go for bitcoin was made because the cryptocurrency served as a better hedge
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