MicroStrategy CEO Michael Saylor recently held a interview indicated to Bloomberg that he does not intend to sell the huge amount of bitcoins (BTC) who owns his business in the near future. MicroStrategy has an absurd amount of bitcoins. Since August 2020, the company has been continuously buying and currently owns 124,391 bitcoins with a market value of $5.2 billion.
Permanent bitcoin bull
Despite bitcoin’s current deplorable price, Michael Saylor is determined to hodlen. Even in the case of a perennial bear market where the price of bitcoin falls completely, Saylor does not intend to part with his bitcoins.
“Never. New. We are not sellers. We only buy and hold bitcoin, right? That is our strategy.”
Saylor and MicroStrategy are also known for just about any dip a new batch of bitcoins to add to the now astronomically large portfolio. It is clear that Saylor has no intention of changing this strategy.
MicroStrategy en bitcoin
MicroStrategy is a company listed on the US stock exchange. Because the company owns so many bitcoins, the company’s share is also used by investors to gain indirect exposure to bitcoin. If bitcoin does well, the share of MicroStrategy will rise and vice versa.
According to Saylor, bitcoin is one of the best ways to protect yourself as an investor against inflation. The fact that the bitcoin price has plummeted in the last few months leaves him totally cold too. Such short-term price movements are just noise in the bigger picture, Saylor said.
This current crypto winter doesn’t have Michael Saylor feeling all that cold. He tells @emilychangtv why in Studio 1.0 https://t.co/EsUlY5sscN pic.twitter.com/zWStdl5qsF
— Bloomberg TV (@BloombergTV) January 20, 2022
Instead, he feels very comfortable with MicroStrategy’s current portfolio. He expects inflation to rise much further in the future and with the massive amount of bitcoin, Saylor believes he and his company are in a prime position.
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