Uploaded October 2021 | Updated September 2026, 2 days ago

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In August 2020, MicroStrategy took the innovative approach of adopting bitcoin as its primary treasury reserve asset. It was the first publicly traded company to pursue this strategy and to date has acquired and holds ~114,042 bitcoins acquired for ~$3.16 billion at an average price of ~$27,713 per bitcoin. Join this conversation between CEO Michael Saylor and President Phong Le as they assess the bitcoin strategy over the past year and discuss how other organizations can benefit from this growing trend.

Speakers:
Michael Saylor, MicroStrategy Chairman & CEO
Phong Le, MicroStrategy President & CFO

#bitcoin; #cryptocurrency; #microstrategy

This broadcast is part of MicroWorld 2021. To register for the full event, please follow the link below.

microstrategy.com/en/resources/events/microworld-2021/public-sector

0:00 Introduction & Keynote Panelists
1:15 Why did we invest in Bitcoin?
7:13 Our Bitcoin Strategy over time
10:02 The World’s Hardest Money
12:26 Power of Scarce, Digital Property
16:05 Bitcoin in the Public Sector
17:34 Digital Energy
19:34 Why should the government care?
21:06 Property Rights
23:09 Bitcoin is Hope