Michael Saylor CEO of MicroStrategy- "Bitcoin, if it’s not a hundred times better than gold, it’s a million times better than gold, and there is nothing close to it"

In August, MicroStrategy publicized buying $250 million worth of Bitcoin for its treasury reserves. The company placed an additional $175 million into Bitcoin shortly thereafter, for a total stack worth about $425 million.

MicroStrategy’s Bitcoin allocations came at the beginning of the recent mainstream financial trend around the digital coin. A number of other mainstream giants publicized their Bitcoin investments following Saylor’s moves, including Square and MassMutual.

MicroStrategy bought even more Bitcoin in December — $650 million worth. Saylor made numerous bullish comments about Bitcoin throughout 2020, lighting up Twitter with bizarre threads that caused some commentators to wonder whether they could get some of what they suspected he was enjoying.