Michael Saylor, co-founder and Director of MicroStrategy in the USA, stated that companies should buy Bitcoin because Bonds are "toxic."
During the ICR conference held in Orlando on Monday local time, Saylor compared the ROI of Bitcoin and Bonds since 2020 in his slides, noting that since the company adopted the Bitcoin purchasing strategy, crypto Assets have risen while Bonds have fallen.
Saylor said in his keynote speech at the conference, "This applies to any company; every company has to make a choice: either stick to the past, purchasing US Treasuries, conducting Share Buybacks, and paying dividends, or 'embrace the future' by using Bitcoin as digital capital."
Earlier that day, MicroStrategy disclosed its latest Bitcoin purchasing situation, reporting that it acquired approximately 2,530 Bitcoins valued at about 0.243 billion USD between January 6 and January 12, marking the company's tenth consecutive week of Bitcoin purchases. As of January 12, the company holds approximately 0.45 million Bitcoins, valued at around 41 billion USD.
Saylor said, "We are built with Steel, while they are built with wood." He accused companies, including Microsoft and NVIDIA, of not following in MicroStrategy's footsteps. He had previously suggested that Microsoft invest in Bitcoin. One slide in his presentation showed that currently there are 70 companies holding Bitcoin.
"What’s the downside? Well, you’ll just become rich," Saylor said.
"Do the right thing for your family, your country, and your investors by adopting Bitcoin," Saylor said at the end of his speech that lasted over 50 minutes.
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