Is Michael Saylor Running A Software Company Or A Bitcoin Fund?
MicroStrategy (tkr: MSTR), founder and CEO Michael Saylor has consistently promoted Bitcoin for the past year plus. There is hardly a business network nor crypto-dedicated YouTube channel that hasn’t had Mr. Saylor on to promote Bitcoin as MSTR has stockpiled more of the digital currency than any other public company. So what about MSTR’s core business?
The promotional tactic has worked for Mr. Saylor as MSTR’s stock price has increased from $388.55 at the close on December 31st 2020 to $1,041.00 at the close on February 8th – a gain of 168%. Whether this gain is sustainable is an open question.