Michael Saylor Says Bitcoin Remedy To Fix Unhealthy Balance Sheets As MicroStrategy Unveils Massive $42B BTC Purchase Plan
In a bold but unsurprising move, MicroStrategy Inc. (NASDAQ:MSTR) CEO Michael Saylor said the company would advocate for Bitcoin (CRYPTO: BTC) as a treasury reserve asset across global finance.
What Happened: During the company’s third-quarter earnings call Tuesday, Saylor voiced his conviction in Bitcoin’s potential to rectify the unhealthy balance sheets of both public and private enterprises.
“Bitcoin fixes the balance sheet. It’ll bring your stock back to life. It’ll bring your options back to life. It’ll bring volatility,” Saylor stated.
Saylor said he regularly speaks with executives of public and private companies and highlighted initiatives like “Bitcoin For Corporations,” which provide expert advice on the benefits of Bitcoin adoption.
See Also: Coinbase On Following MicroStrategy’s Bitcoin Playbook: Looking …
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