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MicroStrategy CEO Michael Saylor Pledges To Continue Buying Bitcoin By Any Means Necessary

Emily Mason

Summary: MicroStrategy CEO Michael Saylor pledged to keep dedicating the business intelligence company’s excess cash into Bitcoin on Thursday, telling investors his team will also “explore various approaches” for additional buys, as reported by CoinDesk. The company currently owns 70,784 Bitcoin. While most of that was purchased with excess cash, Saylor raised $650 million late last ...

MicroStrategy CEO Michael Saylor pledged to keep dedicating the business intelligence company’s excess cash into Bitcoin on Thursday, telling investors his team will also “explore various approaches” for additional buys, as reported by CoinDesk.

The company currently owns 70,784 Bitcoin. While most of that was purchased with excess cash, Saylor raised $650 million late last year in a debt offering to buy yet more Bitcoin.

“Regarding our bitcoin strategy, our pioneering decision to make Bitcoin our primary treasury reserve asset has made MicroStrategy a thought leader in the cryptocurrency market and generated great interest in MicroStrategy as a corporation,” Saylor said in the company’s quarterly filing.

By Emily Mason

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