MicroStrategy CEO Michael Saylor Says Company Will Buy More Bitcoin

Saylor Raises the Ante on Bitcoin.

Saylor describes the company's bitcoin strategy as "complementary to our analytics software and services business," meaning it will help grow the company's enterprise customer base. In addition to strengthening its business strategy to achieve its Intelligence Everywhere goals, the company sees its parallel strategy of acquiring and holding bitcoin as a great achievement.

Since 2011, Saylor's BTC acquisition strategy has expanded to include proceeds from debt and equity transactions. With the additional cash flow generated by its activities, the business intelligence firm began accumulating bitcoin in August 2020.

The company later accelerated its accumulation offering by using convertible notes, equity offerings and crypto mortgages to purchase more bitcoins for its treasury.

Saylor further stated that "innovation is part of our corporate DNA" for his organization. He emphasized that MicroStrategy pioneered data mining tools in the 1980s, was a pioneer of the web revolution in the 1990s, and championed mobile analytics and cloud-based analytics in the 2000s.