Michael Saylor, executive chairman of MicroStrategy, attributes the company’s pioneering Bitcoin treasury strategy to economic disruptions stemming from pandemic-era lockdowns and aggressive monetary policies. In explaining the rationale behind the multibillion-dollar investments, Saylor highlighted the Federal Reserve’s near-zero interest rates and expansive money printing during the COVID-19 crisis as primary catalysts for embracing Bitcoin as a hedge against inflation and currency devaluation.
Amid the economic uncertainty, Saylor sought a non-sovereign, liquid store of value, explicitly rejecting traditional asset classes like real estate and equities due to concerns over inflated valuations. This led to MicroStrategy’s inaugural purchase of 21,454 BTC, initiating a sustained accumulation strategy that established the firm as the world’s largest corporate Bitcoin holder.
Characterizing the period as a ‘war on currency,’ Saylor emphasized Bitcoin’s role in shielding corporate capital from hyperinflation and monetary dilution. MicroStrategy’s holdings, now valued at roughly $63 billion, have since spurred broader corporate interest in Bitcoin as a viable treasury reserve asset, reshaping institutional approaches to wealth preservation.