Saylor went on to defend the company’s dollar-cost averaging strategy for acquiring BTC, emphasizing that the company invests for the long term. “Our strategy is simple, we buy bitcoin, we hold bitcoin, we don’t sell bitcoin…we just believe that 100 years from now, bitcoin will be like Manhattan and you want to hold as many bitcoins as possible.” He continued. The only two mistakes they could make are buying BTC with too much leverage, being forced liquidated on a drawdown, or stopping buying BTC.
Referring to the ongoing crypto crisis, the crypto billionaire encouraged investors to keep HODLing by stating that “when you’re early to a revolutionary technology…”, then bumpy rides are part of the game. On Thursday, MicroStrategy bought 480 BTC, bringing its total holdings to 129,699 BTC.
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