MicroStrategy CEO embraces Bitcoin maximalism
Company bought roughly 17,000 bitcoins as the company makes it its primary reserve currency
In the past, MicroStrategy and its CEO had criticised Bitcoin; now the company has now turned to the cryptocurrency as its primary reserve currency. The CEO of the business intelligence company recently revealed it had bought 16,796 bitcoins at an aggregate price of $175 million.
In his tweet yesterday, the CEO Michael Saylor admitted that the company uses Bitcoin as its primary reserve currency over the other altcoins. Saylor was a known critic of Bitcoin and the cryptocurrency space in the past.