Michael Saylor, the co-founder of MicroStrategy, has dramatically shifted the firm's financial strategy by making Bitcoin their primary asset focus. He has referred to Bitcoin as "digital gold," emphasizing its potential value and stability.
MicroStrategy first ventured into Bitcoin in August 2020, purchasing 21,454 units for $250 million. This decision marked the beginning of their significant investment in Bitcoin.
The concept of buying Bitcoin both during high and low market periods underscores Saylor’s commitment to the cryptocurrency, banking on its long-term appreciation.
