Summary
TLDR: Michael Saylor faced obstacles before successfully adding Bitcoin to MicroStrategy’s balance sheet in 2020. He offered to buy out shareholders in a Dutch auction when they first acquired $250 million worth of Bitcoin. Saylor’s aggressive acquisition strategy has made MicroStrategy one of the largest corporate holders of Bitcoin, with over $13.7 billion worth of BTC. He has financed purchases through debt offerings and equity issuances and has no plans to sell his stash anytime soon.
Key Points
1. Michael Saylor faced obstacles before successfully adding Bitcoin to MicroStrategy’s balance sheet in 2020.
2. Saylor offered to buy out MicroStrategy shareholders in a Dutch auction when they first acquired $250 million worth of Bitcoin.
3. MicroStrategy now holds over $13.7 billion worth of BTC, making Bitcoin its primary corporate treasury asset, and Saylor has no plans to sell his stash anytime soon.