Bitcoin hoard fuels one of world’s biggest crypto fortunes

  • TECH
  • Saturday, 13 Mar 2021

MicroStrategy CEO Michael Saylor said he’d rather issue debt against future cash flow now than save up to buy Bitcoin in five years, when he thinks it’ll be pricier. — Bloomberg

It’s the latest corporate strategy for companies from Tesla Inc. to Square Inc.: shift a portion of cash reserves into cryptocurrencies as digital assets become more mainstream.

Still, few have gone as far as MicroStrategy Inc. Eight months after its first investment, the software firm has a Bitcoin holding worth more than US$5bil (RM20.59bil)

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