Saylor Compares Investing in Bitcoin to Golf, Emphasizes Long-Term Discipline

Michael Saylor, chairman of MicroStrategy (MSTR), drew an analogy between investing in Bitcoin and playing golf. He emphasized that both require discipline and a long-term approach.

MicroStrategy holds the second-largest reserve capital in the S&P 500 with $66 billion, mostly in Bitcoin. The company recently repurchased Bitcoin at higher prices to take advantage of favorable financing conditions.

According to CEO Phong Le, buying Bitcoin depends on the cost of capital, not its price. MicroStrategy plans to continue acquisitions even if prices reach $100,000, positioning the company as a long-term capital management firm rather than a speculative fund.