MicroStrategy co-founder and CEO Michael Saylor urged companies to invest in Bitcoin, calling the bonds “toxic.” He said this during his presentation at the ICR conference in Orlando on Monday, where he compared BTC’s performance to bonds since 2020.
Addressing a full room of executives and investors, Saylor said:
“It works for any company. Every company has a choice: ‘cling to the past’ by buying Treasuries, implementing buybacks and dividends, or ’embrace the future’ by using Bitcoin as digital capital.
Michael Saylor
Saylor defends Bitcoin strategy as MicroStrategy continues aggressive buying
Saylor’s comments came on the heels of MicroStrategy’s recent announcement about its bitcoin purchases, including a $243 million acquisition, marking the 10th straight week of buying the crypto asset. He criticized companies such as Microsoft and Nvidia for not following his company’s model, saying: “We are the people who build with steel, and they build with wood.” A slide in his presentation showed that 70 companies currently own Bitcoin. “What’s the downside? Well, you just get rich,” he added.
MicroStrategy shares are up about 9.71% this year, to $317.75 a share as of 1:43pm Monday in New York, while bitcoin is down 1.8% over the same period. The Virginia-based company now owns more than 2% of all Bitcoin that will ever exist, a total of about $41 billion.
In conclusion, Saylor urged CEOs to make the right decision for their families, their countries, and their investors: “Embrace Bitcoin.”
Donald Trump continues to engage crypto leaders
After Trump’s re-election, several prominent cryptocurrency executives visited Mar-a-Lago. Trump recently invited Michael Saylor to his Mar-a-Lago home to discuss Bitcoin further. This isn’t the first time he’s done something like this. In 2024, for example, Trump invited US Bitcoin mining giants to learn more about the industry and what he needs to do to best support them. Chris Marszalek, CEO of Crypto.com, also met with Trump to discuss policies related to the sector.
A few weeks ago, Saylor He said He would be open to advising Donald Trump on Bitcoin. Now that he’s at Mar-a-Lago, that might happen.
As the president-elect prepares for his inauguration, major tech and cryptocurrency companies, including Circle, Microsoft, Google, and Apple, have opened their wallets, hoping to secure a seat on the inaugural committee.
These contributions come as the Trump administration prepares to take a stance on digital assets, with several industry leaders poised to influence upcoming policy changes.
A step-by-step system to start your career at Web3 and get high-paying coding jobs in 90 days.