MicroStrategy Inc. co-founder and Chairman Michael Saylor has urged companies to invest in Bitcoin, calling bonds “toxic.” He said this during his presentation at the ICR Conference in Orlando on Monday, where he compared BTC’s performance with bonds since 2020. Addressing a full ballroom of executives and investors, Saylor said : “It works for any company. Every company has a choice to make: “Cling to the past” by purchasing Treasury bonds, executing buybacks and dividends, or “embrace the future” by using Bitcoin as digital capital.” Michael Saylor Saylor defends Bitcoin strategy as MicroStrategy continues aggressive purchase Saylor’s comments followed MicroStrategy’s latest announcement about its Bitcoin purchases, including a $243 million acquisition, marking the 10th consecutive week of purchasing the cryptoasset. He took a jab at companies like Microsoft and Nvidia for not following his company’s example, saying, “We’re the people building with steel, and they’re building with wood.” A slide in his presentation showed that 70 companies currently hold Bitcoin. “What’s the downside? Well, you just get rich,” he added. MicroStrategy shares have risen approximately 9.71% this year, reaching $317.75 per share as of 1:43 p.m. on Monday in New York, while Bitcoin has fallen 1.8% during the same period. The Virginia-based company now owns over 2% of all the Bitcoin that will ever exist, totalling roughly $41 billion. In closing, Saylor urged executives to make the right decision for their families, countries, and investors: “Adopt Bitcoin.” Donald Trump continues to engage crypto leaders Following Trump’s re-election, several high-profile crypto executives visited Mar-a-Lago. Trump recently invited Michael Saylor to his estate in Mar-a-Lago to discuss Bitcoin further. This isn’t the first time he’s done something like this. In 2024, for example, Trump invited American Bitcoin mining giants to learn more about the industry and what he needs to do to best support them. Kris Marszalek, CEO of Crypto.com, has also met with Trump to discuss policies related to the sector. A few weeks ago, Saylor said he would be open to advising Donald Trump on Bitcoin. Now, with him at Mar-a-Lago, that may come to pass. As the President-elect prepares for his inauguration, major tech and crypto firms, including Circle, Microsoft, Google, and Apple, have opened their wallets, hoping to get a seat in the inaugural committee. These contributions come as Trump’s administration prepares to take a stance on digital assets, with many industry leaders positioning themselves to influence the upcoming policy changes. A Step-By-Step System To Launching Your Web3 Career and Landing High-Paying Crypto Jobs in 90 Days.
