Michael Saylor looking to buy more bitcoins

It looks like Michael Saylor just can’t get enough of Bitcoin. With an admirable tenacity he explores every possible way to get some more.

Beyond his personal holdings, his company Microstrategy has already purchased 92079 BTC for its treasury. Then it issued and successfully sold $500 M of bonds, with the proceeds used to buy more Bitcoin. Now it considers offering $1 Bn of its common stock “for general corporate purposes, including the acquisition of bitcoin”.

One might say that BTC volatility makes this strategy a risky bet. Others might argue that not doing so is even riskier in the long term. Mr Saylor definitely gets Bitcoin and its potential, and we can but applaud his determination.