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Michael Saylor Criticizes Berkshire’s Cash Strategy, Sees Bitcoin as Solution

Michael Saylor, claims Berkshire Hathaway's $325 billion cash reserve erodes $32 billion annually due to inefficiencies. In a PBD Podcast interview, he criticized the 3% after-tax yield versus a 15% cost of capital, resulting in a 12% negative real yield.

Saylor argues that Bitcoin could protect against inflation and currency debasement, urging companies with excess cash to consider $BTC as a treasury asset. However, he notes businesses must align investments with their unique goals and risk tolerances.