MacroStrategy, a part of software company MicroStrategy, has made the most significant investment in Bitcoin. Michael Saylor, the firm’s CEO, has long been a BTC maximalist. Saylor has a personal as well as an institutional interest in the digital asset. MacroStrategy has increased its investment in the digital asset since its inception. Michael Saylor, the company’s CEO, has done the same.
Saylor has never shied away from voicing his support for BTC. On his Twitter feed, the CEO frequently mentions the asset. Usually, it is intended to persuade individuals to consider investing in a digital asset. Saylor has now returned to his Twitter account to express his support for the digital asset.
Saylor had previously polled his platform followers on what they thought was the best repository of wealth right now. The vote options included well-known modes of investing as well as BTC. The poll resulted in a resounding victory for the pioneer cryptocurrency.
The safest place to store your wealth over the long term:— Michael Saylor⚡️ (@michael_saylor) August 18, 2021
Saylor responded to the poll after it was completed. According to Saylor, bitcoin is still the safest investment option. Inflation, according to the CEO, is a safe bet. Then he declared bitcoin to be a safe haven.
#Inflation is a safe bet. #Bitcoin is a safe haven. https://t.co/yvzLqwYfYI— Michael Saylor⚡️ (@michael_saylor) August 26, 2021
This is primarily due to BTC being offered numerous times by market investors. Year over year, BTC returns have greatly outpaced the US dollar’s rising inflation rate. As a result, it is a safe haven against inflation. At the same time, earnings are returned to investors.
In its brief existence, Bitcoin has outpaced the S&P 500, the NASDAQ, and gold. Senator Cynthia Lummis of the United States recommended bitcoin earlier this year as a solution to combat rising inflation by backing up the US dollar with BTC.
Bitcoin Investment at MacroStrategy
At the time of writing, Saylor’s firm MacroStrategy possessed more than 100,000 BTC. A total of more than $5 billion in value. These coins have a $2.9 billion cost basis. According to this article from Bitcoin Treasuries, MacroStrategy has achieved 1.8x returns on its first investments in BTC.
Another little-known feature about MicroStrategy is that its board of directors gets compensated in bitcoin. Bitcoin, according to CEO Michael Saylor, will be the most revolutionary technology of our lifetime. As a result, he has centered his company on the digital asset.