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The Pomp Podcast

#385: Michael Saylor On Buying Bitcoin With His Balance Sheet

The Pomp Podcast

Anthony Pompliano

Business, Investing

4.81.9K Ratings

🗓️ 16 September 2020

⏱️ 88 minutes

🧾️ Download transcript

Summary

Michael Saylor is an entrepreneur and business executive, who co-founded and leads MicroStrategy, a company which provides business intelligence, mobile software, and cloud-based services. He has become well known in the Bitcoin community for using the company's balance sheet to purchase more than $400 million of Bitcoin. In this conversation, we discuss how Michael built MicroStrategy, what his $500 million dilemma earlier this year was, and why he choose to put more than $400 million into Bitcoin with the company's balance sheet. ============================== Crypto.com is the only all-in-one platform that allows you to BUY / SELL / STORE / EARN / LOAN / INVEST crypto all from one place. Join over 1 million users currently using the Crypto.com app. Download and earn $50 USD using my code ‘pomp2020’, or use the link https://platinum.crypto.com/r/pomp2020 when you sign up for one of their metal cards today. ============================== Coinbase Wallets are adding support for .crypto and .zil domains through their partnership with Unstoppable Domains. Unstoppable Domains provides an all-in-one solution for blockchain domains. You can send money using these new domains instead of long Bitcoin wallet addresses, while also storing your domain in Coinbase's collectibles section. Go to unstoppabledomains.com in the dapp browser to register and manage your domains.  ============================== Pomp writes a daily letter to over 50,000 investors about business, technology, and finance. He breaks down complex topics into easy to understand language, while sharing opinions on various aspects of each industry. You can subscribe at https://www.pompletter.com

Transcript

Click on a timestamp to play from that location

0:00.0

What's up, everyone? This is Anthony Pompliano. Most of you know me as Pomp. You're listening to the Pomp

0:05.3

podcast, simply the best podcast out there. Let's kick this thing off. Michael Saylor is an entrepreneur

0:12.7

and business executive who co-founded and leads micro strategy, a company which provides

0:18.1

business intelligence, mobile software, and cloud-based services.

0:22.4

He has become well known in the Bitcoin community for using the company's balance sheet

0:26.0

to purchase more than $400 million of Bitcoin.

0:29.6

In this conversation, we discuss how Michael built micro strategy, what his $500 million dilemma earlier this year was,

0:36.8

and why he chose to put more than $400 million into Bitcoin with the company's balance sheet.

0:42.7

I really enjoyed this conversation with Michael, and I hope you do as well.

0:47.0

Before we get into the episode, though, I want to quickly talk about our sponsors.

0:50.9

First up is crypto.com.

0:52.8

They're an all-in-one platform that allows you to buy, sell,

0:55.3

store, earn, loan, or invest crypto all from one place. They've got over one million users

1:00.2

currently using the crypto.com app, and their whole goal is to drive mass adoption. So go check

1:05.8

out crypto.com, the all-on-one platform that allows you to buy, sell, store, earn loan, or invest

1:10.6

crypto,

1:11.3

all from one place.

1:12.8

Crypto.com. Go check them out.

1:15.9

Next up is Unstoppable Domains.

1:18.7

Coinbase wallets have finally added support for dot crypto and dot Zill domains through their partnership

1:23.9

with Unstoppable Domains.

1:25.7

Previously, you had to send these really long Bitcoin wallet addresses of random letters

...

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