Discover the story of Michael Saylor and his journey to adding Bitcoin to MicroStrategy’s balance sheet in 2020. Despite obstacles, Saylor’s determination and strategic moves have led to MicroStrategy becoming one of the largest corporate holders of Bitcoin.
At the 2024 Abundance360 Summit, Saylor shared how he offered to buy out MicroStrategy shareholders in a Dutch auction to fund their $250 million Bitcoin acquisition. This bold move ultimately paved the way for MicroStrategy to acquire over 214,000 bitcoins.
With a philosophy to “buy Bitcoin” at its core, Saylor’s aggressive approach has solidified Bitcoin as MicroStrategy’s primary corporate treasury asset, with holdings now exceeding $13.7 billion. Saylor’s commitment to accumulating more Bitcoin has driven the company to leverage debt offerings and equity issuances to finance their purchases, even during market downturns.
Despite fluctuations in the Bitcoin market, Saylor remains steadfast in his decision not to sell his Bitcoin stash, positioning MicroStrategy as a significant player in the world of cryptocurrency.
