New MicroStrategy CEO Phong Le backed up Michael Saylor's decision to hold bitcoin on the company's balance sheet.
Speaking Tuesday at a conference sponsored by investment bank Canaccord Genuity, Le said that prior to first purchasing bitcoin in August 2020, MicroStrategy considering purchasing Treasurys, corporate bonds, gold, commodities, real estate and even artwork.Digital assets, however, kept popping into management's conversations, Le said. “We at our core are inventors, we’re innovators,” he said, explaining why bitcoin won out.
Le said the bitcoin strategy has boosted shares and trading volume, and helped MicroStrategy make a transition from solely being a “sleepy software company.” The company now owns about 129,000 bitcoins, or nearly $3 billion worth at the current price of $23,000.at MicroStrategy last week after Saylor stepped down to become executive chairman, with a sole focus on the company's bitcoin strategy.
MicroStrategy saylor Terrible idea. MacroTradegy… He’s going to go bankrupt.
MicroStrategy saylor unifiprotocol
MicroStrategy saylor did he also get fired?
MicroStrategy saylor No shit Sherlock
MicroStrategy saylor Oh wow what a move. I was really think 🤔 damn did Saylor mess up, but know I see the chess moves. I still think Saylor played the same type cards in Dotcom 1.
MicroStrategy saylor imagine if the new ceo decided NOT to have BTC on the company's balance sheet. lol
MicroStrategy saylor Fantastic one team! BTC forever👍👍
MicroStrategy saylor Another wise man in MicroStrategy exposed
MicroStrategy saylor
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