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Benzinga
Benzinga
Business
Khyathi Dalal

Michael Saylor Says Owning Up To 7% of Bitcoin Isn't 'Too Much' Since 'The Future Is Orange'

Michael Saylor Bitcoin Strategy BTC Nasdaq Crypto
A,Cartoon,Image,Of,Michael,Saylor,Holding,A,Playbook

Strategy (NASDAQ:MSTR) executive chairman Michael Saylor has doubled down on the company’s Bitcoin's (CRYPTO: BTC) Bitcoin acquisition strategy.

What Happened: Speaking on CNBC's Squawk Box on Friday, Saylor emphasized that Bitcoin is "digital capital" and highlighted that Strategy’s business model revolves around acquiring BTC and issuing structured credit products — including preferred stock, backed by it.

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