Talk to Time magazine, MicroStrategy Incorporated (NASDAQ: MSTR) CEO Michael Saylor said one of his tweets plays a key role in Tesla’s $ 1.5 billion investment in Bitcoin (CRYPTO: BTC).
What happened: On December 20, after Musk tweeted another crypto-meme, CEO of MicroStrategy answerindicating that the TSLA balance sheet from USD to BTC, ”which would be a $ 100 billion favor for Tesla’s shareholders.
If you want to give your shareholders a $ 100 billion profit, you need to $ TSLA balance sheet from USD to #BTC. Other businesses on the S&P 500 will lead you, and in time it will become a $ 1 trillion favor.
– Michael Saylor (@michael_saylor) 20 December 2020
The CEO of Tesla responded and asked if such big deals are even possible. Saylor said he would like to share his experience with buying $ 1.3 billion in bitcoin offline with Musk.
Yes. I bought more than $ 1.3 billion #BTC in recent months and would like to share my playbook offline with you – from one rocket scientist to another.
– Michael Saylor (@michael_saylor) 20 December 2020
According to Saylor, this was the turning point. But he did not say whether he had actually spoken to Musk in person, despite the reporter’s numerous efforts.
‘I can not comment on any conversation I would have with another official of the public company. “This is contrary to business etiquette,” he insisted. “This is not an appropriate business adornment,” Saylor added after the reporter pointed out that the Security and Exchange Commission could not prevent such disclosures.
What he is sure of is that the Twitter exchange did have an effect on Musk’s decision.
Why it matters: The CEO of industry intelligence says that Tesla’s $ 1.5 billion investment in Bitcoin was a “turning point” and shifted a story about the crypto industry.
‘The story suddenly goes from’ Those crazy people, what do they think, are they speculating in Bitcoin? “to” Maybe it’s a real thing. It’s probably not going away. Let’s try to figure out how to think about it, ”he told Time.
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