TechFlow news — MicroStrategy CEO Michael Saylor said Friday that borrowing money to buy more Bitcoin is akin to investing early in one of today’s dominant tech giants. Saylor stated, “If you can borrow billions at 1% interest and invest it into what you believe will become the next Amazon, Google, or Facebook—a major digital tech network—why wouldn’t you? I mean, if I could have borrowed $1 billion at 1% interest ten years ago to buy Facebook, I think I would have done quite well.” Saylor noted that his company currently holds $2.2 billion in debt, paying approximately 1.5% interest on it. Since last August, the company has funded large-scale Bitcoin purchases through corporate cash flow, stock offerings, convertible debt, senior secured debt, and a $1 billion temporarily shelved registration.
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