MicroStrategy’s Saylor Calls Bonds ‘Toxic’ in Pitch for Bitcoin

Companies should buy Bitcoin because bonds are “toxic,” according to MicroStrategy Inc. co-founder and Chairman Michael Saylor.

Saylor compared returns in Bitcoin and bonds since 2020, noting that the cryptoasset has gone up since the company adopted its Bitcoin-buying strategy while bonds have declined, according to a slide in his presentation at the ICR Conference in Orlando on Monday.

“It works for any company,” Saylor said in the retail conference’s keynote speech, addressing a standing-room only ballroom full of executives and investors. “Every company has a choice to make: Cling to the past” by purchasing Treasury bonds, executing buybacks ...