MicroStrategy CEO: Investing in Bitcoin is like investing in Facebook in the past, why wouldn't you do it?

During a media interview, Michael Saylor, the CEO of the business software company MicroStrategy, which holds over 105,000 bitcoins, likened investing in Bitcoin to investing in tech companies like Facebook in the past.

The CEO of the business software company MicroStrategy, Michael Saylor, who owns over 105,000 Bitcoins, likened investing in Bitcoin to investing in tech companies like Facebook in the past during a media interview.

Michael Saylor explained, "Borrow tens of billions of dollars at 1% interest and invest in the next large tech company like Amazon, Google, or Facebook that you think will dominate. Why wouldn't you do that?"

He said, "If I could have borrowed $1 billion at 1% interest to buy Facebook 10 years ago, I think I would have done very well."

MicroStrategy just released its Q2 financial report, showing overall profitability, but a loss of $424.8 million in Bitcoin assets. However, Michael Saylor still expressed intentions to continue buying Bitcoin.

Saylor pointed out that MicroStrategy currently has $2.2 billion in debt and pays about 1.5% interest on that debt.

Since August last year, MicroStrategy has funded its large Bitcoin purchases through corporate cash flow, stock issuance, convertible debt, senior secured debt, and a $1 billion shelf registration. While MicroStrategy's bold investment in Bitcoin has been controversial, Michael Saylor stated that although buying Bitcoin has given the company a bad rap, it has increased the company's brand value by 100 times.

"We believe that becoming a leveraged, long-term holder of Bitcoin is a good thing for our shareholders," Michael Saylor said.

This article is authorized republished from Horizon News Network