MicroStrategy

From CryptoWiki

Basics

Investments

  • Bitcoin; "The firm acquired (8-2020) 38,250 bitcoins for about $425 million at the time. This represents about 0.18% of all bitcoins ever to exist. MicroStrategy doubled-down on its belief in Bitcoin recently by instituting a new treasury reserve policy. It reads that “Bitcoin will be the primary treasury reserve asset.” Additionally, the firm said it will purchase even more BTC with the excess cash it generates."

Projects

Team

  • Phong Le; CEO, before the company president
  • Michael Saylor; ex-CEO "Saylor disclosed that he’s a Bitcoin HODLer as well. His personal portfolio consists of 17,731 bitcoins (worth about $235 million)." Left as CEO after 32 years following a $1B loss on BTC for his company during the quarter (3-8-2022), will stay on focusing on its "Bitcoin acquisition strategy".
  • Morgan Stanley bought a 10% stake in MicroStrategy (9-1-2021).