#MicroStrategy Founder Reveals COVID-19 Lockdowns Sparked $BTC Treasury Strategy


Michael Saylor has disclosed that pandemic-era restrictions and monetary policy drove his decision to convert company cash into $BTC.


MicroStrategy held $500 million in cash reserves earning near-zero yields due to Federal Reserve intervention in 2020.


#Saylor described 2020 as a "bifurcation of Main Street and Wall Street" where small businesses suffered while investors prospered.


The executive called the period a "war on currency" as central banks printed money and forced interest rates down.


Saylor initially considered real estate, stock portfolios, and collectible art before settling on $BTC as a store of value.


MicroStrategy made its first $BTC purchase in August 2020, acquiring 21,454 coins for $250 million.


The company now holds 582,000 $BTC worth around $63 billion, making it the world's largest corporate holder.


Saylor's #Bitcoin strategy has become a template for other public companies seeking inflation hedges.

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June 12, 2025 at 2:08 PM
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