The MicroStrategy CEO had offered to share his Bitcoin playbook with Elon Musk, and expects an “avalanche of companies” to invest in Bitcoin.
Michael Saylor and Elon Musk
MicroStrategy CEO Michael Saylor has congratulated Elon Musk on Tesla’s $1.5 billion purchase of Bitcoin.
The news follows a Twitter exchange between the two CEOs, in which Saylor offered to share his Bitcoin playbook.
MicroStrategy has purchased $2.5 billion in Bitcoin to date and expects an “avalanche of companies” to follow suit.
MicroStrategy CEO Michael Saylor has congratulated Tesla CEO Elon Musk on the EV firm’s $1.5 billion investment into Bitcoin. “Congratulations & thank you to @elonmusk & @Tesla on adding #Bitcoin to their balance sheet. The entire world will benefit from this leadership,” he tweeted today.
News of Tesla’s Bitcoin buys spread like wildfire, propelling the price of Bitcoin to a new all-time high above $43,000.
MicroStrategy’s $2.5 billion Bitcoin buying spree
Saylor has overseen an aggressive program of Bitcoin purchases by MicroStrategy, with the software company buying up some $2.5 billion of the cryptocurrency over the past year.
Earlier this month, Saylor explained that the company had sought new stores of value to invest in, as a result of aggressive monetary expansion caused by the coronavirus pandemic. “The returns on gold didn’t look nearly as compelling as Bitcoin,” said Saylor. Keep reading