Michael Saylor “Confident in Convincing Warren Buffett to Buy BTC”

Michael Saylor, founder of MicroStrategy (NASDAQ ticker: MSTR), the largest single company holding of Bitcoin, recently claimed in a podcast interview that he is “confident I can convince Berkshire Hathaway Chairman Warren Buffett to buy Bitcoin,” according to Bitcoin.com. “Berkshire Hathaway adds $32 billion in cash every year, and they currently have about $325 billion in cash. Their cash holding strategy is inefficient. The after-tax return would be only 3%, resulting in a real return of 12% per year. This is a shareholder value-destroying move, and they are destroying an average of $3 billion in capital per month. If I could talk to Buffett for an hour in a quiet environment, I could convince him and Berkshire Hathaway to buy Bitcoin. If Buffett's buddy Charlie Munger were alive today, he would love the idea.” ‘If not Berkshire Hathaway, then any company that has $100 billion in cash and is burning $10 billion a year in shareholder value, I would be happy to go to them and convince them,’ he added.