August 18, 2022

News of the Trade

Latest trading, investing, and financial news

Michael Saylor Bet Billions on Bitcoin and Lost

If you ask Michael Saylor why he bet the future of his company on bitcoin, he’ll tell you he didn’t have a choice.

In 2020, MicroStrategy stock was stagnant, and the tech company struggled to compete with software giants. “We were either going to die a fast death, or a slow death, or embark on a risky strategy,” he said.