New MicroStrategy CEO Phong Le backed up Michael Saylor’s decision to hold bitcoin on the company’s balance sheet.
Speaking Tuesday at a conference sponsored by investment bank Canaccord Genuity, Le said that prior to first purchasing bitcoin (BTC) in August 2020, MicroStrategy considering purchasing Treasurys, corporate bonds, gold, commodities, real estate and even artwork.
Digital assets, however, kept popping into management’s conversations, Le said. “We at our core are inventors, we’re innovators,” he said, explaining why bitcoin won out.
‘Enforcement 40’ for 2020
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