MicroStrategy and its CEO, Michael Saylor, have played a significant role in news headlines about bitcoin since he transformed the company from a software firm into primarily a bitcoin play. That worked well for a while, but in 2022, things haven’t gone so well. In fact, MicroStrategy has lost $2 billion on its bitcoin bet so far, but Saylor remains resolute on the cryptocurrency. Q2 2022 hedge fund letters, conferences and more A Moment Of Truth Saylor bought about $4 billion in bitcoin for MicroStrategy, which was a $500 million software company two years ago. It was a publicly listed,…
How MicroStrategy Was Transformed From A Software Firm To A Bitcoin Play
Michelle deBoer-Jones
Michelle deBoer-Jones is editor-in-chief of Hedge Fund Alpha. She also writes comparative analyses of stocks for TipRanks and runs Providence Writing Services. Previously, she was a television news producer for eight years, producing the morning news programs for NBC affiliates in Evansville, Indiana and Huntsville, Alabama and spending a short time at the CBS affiliate in Huntsville.