Michael Saylor, CEO of MicroStrategy and bona fide Bitcoin (BTC) evangelist, is taking his belief and praises towards the crypto to greater heights, imploring other corporations to follow his company’s steps. In today’s session at the firm’s multi-day “WorldNow” seminar, Saylor stated that he expects other firms to join MicroStrategy’s crusade following his commitment of another $10 million towards the crypto just a day prior.
According to Saylor, for the coming two days, the firm will be holding a virtual conference specifically-designed to support the expected 1,400 company leader attendees to open their eyes on Bitcoin investments, which is a significant move taken by MicroStrategy that has proven extremely profitable. This is promptly summarized by the event’s name: “Bitcoin for Corporations.”
Saylor suggests that the answer for the diminishing value of current fiat currencies is actually very easy – convert some of them into BTC. He then exampled MicroStrategy and Square’s decision to do just that while also proclaiming that a large wave of companies will be converting their sizeable balance sheets to BTC in the next 12 months or so as many will now realize the crypto’s true potential.
Lastly, it is worth noting that MicroStrategy now holds a total of 71,079 BTC, which values at around $2.6 billion in today’s exchanges. As impressive as this investment may already be, the firm isn’t showing any sign of stopping as of date.