MicroStrategy co-founder urges companies to buy Bitcoin, calling bonds 'toxic'

Michael Saylor, co-founder of MicroStrategy (NASDAQ: MSTR), the largest corporate holder of Bitcoin, has encouraged companies to buy Bitcoin, labeling bonds as "toxic," according to Bloomberg. In his keynote speech at the ICR Conference in Orlando, Saylor outlined a choice for companies: continue with traditional practices such as purchasing U.S. Treasury bonds and carrying out buybacks and dividends, or innovate by adding Bitcoin to their investment portfolios. His remarks followed MicroStrategy’s announcement of their 10th consecutive weekly purchase of Bitcoin, totaling $243 million. Saylor also criticized companies like Microsoft and Nvidia for not following MicroStrategy's proactive approach to cryptocurrency investment.