Quote:
Originally Posted by jscott
Selling would be to exit their position on BTC and take profit.
Offering employees to be paid in BTC (who may or may not take BTC) is an attempt to push adoption.
|
They are not employees, but that is a minor details, so lets skip that.
But they are using Bitcoin from their investment to pay the Board of Directors.
If they bought new Bitcoin to pay the Board of Directors, then I would agree with you, but right now they are eating their own stock.
Source is their own website:
https://www.microstrategy.com/en/inv...ees-in-bitcoin
Edit: I take it back
I'm leaving my original statement, because I want it to be transparent.
The document now reads "At the time of payment, the fees will be converted from USD into bitcoin by the payment processor"
I dont know who the "payment processor" is - dont know if its internal or external, so I dont have facts to cover the claim.