Saylor Clarifies Strategy’s Bitcoin Game Plan: “We’re Not Hoarding It All”

Description

Strategy, the company formerly known as MicroStrategy, is doubling down on Bitcoin . Executive chairman Michael Saylor went on CNBC’s “Squawk Box” Friday to explain why the company isn’t just holding the cryptocurrency—it’s building its business around it. Saylor called Bitcoin “digital capital” and revealed that Strategy has now bought over 628,000 BTC, which is worth around $72 billion. That makes up nearly 3% of all the Bitcoin that will ever exist. The company recently raised $2.5 billion th...