Saylor’s Bitcoin Flywheel Hits a Snag
This post Saylor’s Bitcoin Flywheel Hits a Snag appeared first on Daily Reckoning. In 2020, Strategy (MSTR, formerly known as MicroStrategy) was a sleepy but profitable software…
Written byAdam SharpSource: The Daily Reckoning
This post Saylor’s Bitcoin Flywheel Hits a Snag appeared first on Daily Reckoning.
In 2020, Strategy (MSTR, formerly known as MicroStrategy) was a sleepy but profitable software company. They had a bunch of cash sitting around, and no idea what to do with it. Interest rates were near 0%. And the company’s CEO, Michael Saylor, expected inflation to become problematic.