MicroStrategy CEO Michael Saylor stated that the company's employees will have access to Bitcoin retirement plans.
MicroStrategy employees will be able to invest in the world's most popular cryptocurrency as part of SEC-regulated 401(k) savings accounts, Saylor said on Twitter and in an interview with CNBC.
As @MicroStrategy continues to be a pioneer in bitcoin for corporations, we are planning to offer our employees the option to invest in #bitcoin as part of their 401K portfolio. $MSTR pic.twitter.com/xBFeEugJVj— Michael Saylor⚡️ (@saylor) April 26, 2022
MicroStrategy will work with Fidelity, the largest US provider of savings accounts and retirement funds, to enable employees to add Bitcoin to their retirement funds.
A 401(k) account allows employees to get a tax break on money they contribute from their salary to a retirement plan.
“Bitcoin is digital property and that makes it the perfect asset for a retirement plan [...] It’s less risky than bonds, stocks, commercial real estate, than gold – it was kind of built for that,” Saylor told CNBC .
He claimed that MicroStrategy employees requested the addition of Bitcoin to their retirement accounts.
MicroStrategy is a technology company that provides cloud-based software and services to businesses. The company owns more than 125,000 Bitcoin coins in its cash, valued at more than $5.5 billion.