Business Intelligence Company MicroStrategy to Invest $250M in Bitcoin and Alternative Assets

By Abhimanyu Krishnan | News | 6 Aug 2020


Business intelligence, mobile software and cloud services firm MicroStrategy will invest up to $250 million of excess cash in Bitcoin, gold and alternative assets, as revealed in a July 28 earnings call involving CEO Michael Saylor. 

  • Primary motivating factor revealed to be a weakening USD and as a hedge against inflation
  • CEO says it is imprudent to hold a large portion of USD with near zero interest rates and lavish stimulus packages
  • Saylor also said Bitcoin’s 21 million limit acts as a strong hedge against inflation
  • Saylor revealed that the firm first closely examined Bitcoin after selling the “Voice.com” domain to Block.One
  • Saylor was once pessimistic on Bitcoin's prospects, saying its "days were numbered" in 2013

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Abhimanyu Krishnan
Abhimanyu Krishnan

Technophile, cryptocurrency enthusiast and journalist.


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