Speaking at the Benchmark investor conference in Orlando, Michael Saylor, co-founder and executive chairperson of MicroStrategy, said the company's possible issuance of perpetual preference shares would be "the latest means to provide investors with leveraged exposure to Bitcoin", noting that the company aims to provide investors with "returns and volatility equivalent to 1.5 times Bitcoin". MicroStrategy recently entered the...
Michael Saylor, co-founder and chairperson of MicroStrategy, told the ICR conference in Orlando that companies should turn to bitcoin investments because traditional bonds such as treasuries are "poison". He highlighted that bitcoin has outperformed bonds since the company began implementing its bitcoin investment strategy in 2020, and advised businesses to consider bitcoin as digital capital. Saylor revealed that MicroStrategy recently increased its holdings of Bitcoin for $243 million, which i...