MicroStrategy Shares Tips for Firms Copying Its Bitcoin Strategy
Michael Saylor, CEO of MicroStrategy, bought $425 million Bitcoin in September and August amid this summer’s bull run. The purchase meant that the billion-dollar tech firm, which counts, BlackRock, Vanguard, and one of the world’s largest pension funds as investors, now had most of its reserve assets in Bitcoin.
Today, Saylor released a “curated set of resources” put together by the company, designed for “any company or investor considering Bitcoin as a treasury reserve asset.”
For any company or investor considering #Bitcoin as a treasury reserve asset, @MicroStrategy has published a curated set of resources including some of the reference materials we relied upon to make our decision. https://t.co/u3aFjNaAI3
— Michael Saylor (@michael_saylor) October 9, 2020
The resources include “some of the reference materials we relied upon to make our decision,” he said in a tweet today.
Most of the resources are interviews with Saylor himself or articles about MicroStrategy’s decision to buy Bitcoin. Featured is Saylor’s appearance on The Pomp Podcast, hosted by Bitcoin influencer Anthony Pompliano, as well as various articles written about him.
Saylor’s main advice to investors, then, appears to be to watch him in action and, presumably, do the same.
Other resources include “The Internet of Money,” a collection of talks by Bitcoin advocate Andreas Antonoplous, as well as a link to one such talk.
Then there’s the whitepaper for Bitcoin, as well as a reading list curated by the Satoshi Nakamoto Institute, which recommends articles that go back to the 1970s.
Businesses investing in Bitcoin would be wise to pick up a copy of the 1978 academic paper, “A Method for Obtaining Digital Signatures and Public-Key Cryptosystems,” MicroStrategy’s resource appears to suggest.
That, and Lyn Alden’s “3 reasons I’m Investing in Bitcoin” or Vijay Boyapati’s “The Bullish Case for Bitcoin.”
Those resources stimulated Saylor and MicroStrategy’s massive purchase of Bitcoin. To see if they’re any good, it’ll be worth keeping an eye on MicroStrategy’s performance.