Too Long; Didn't Read
MicroStrategy bought $425 million of its $500 million of cash reserves into Bitcoin as a hedge against inflation and government-created money. CEO Michael Saylor: "I have a lot of cash and I'm watching it melt away" Bitcoin is the most valuable asset and has the most labor and capital behind it by a significant margin. Saylor contends that people compare Bitcoin to newer assets as what MySpace was to Facebook, but MySpace at its peak was 200x smaller than Bitcoin is today.