Michael Saylor Claims Will Continue to Buy Bitcoin
Michael Saylor, one of the founders of MicroStrategy, stated that he will not sell Bitcoin and will continue to buy it.
In an interview with Bloomberg Television on Tuesday, Michael Saylor was asked if his company would sell the 190,000 BTC it holds.
Saylor confidently responded that he and his company will always buy Bitcoin and referred to Bitcoin as an exit strategy.
"I will buy that asset (Bitcoin) forever. Bitcoin is the exit strategy; it is the strongest asset, so what we are seeing now is Bitcoin emerging as a trillion-dollar asset class. And it sits alongside names like Apple, Google, and Microsoft," Saylor emphasized.
Saylor views Bitcoin as an asset that is inherently "superior," surpassing even established giants like gold and the S&P 500.
This strong conviction has driven MicroStrategy's recent transformation into a "Bitcoin Development Company," demonstrating their dedication to developing the digital currency ecosystem.
Bitcoin Spot ETF Opens Institutional Capital Opportunities
In the interview, Saylor also mentioned that the approval of a Bitcoin spot ETF in the US has opened the floodgates for institutional capital to flow into the Bitcoin ecosystem, with demand outstripping current supply.
Saylor also dismissed concerns that the ETF would make it difficult for MicroStrategy to buy Bitcoin, stating that they use "operational leverage strategy" to invest in digital assets.
"If you look at what the ETFs are doing, they are facilitating the transformation of digital capital. And every day, hundreds of millions of dollars of capital flow from the traditional analog ecosystem to the digital economy," he said.
As a leading Bitcoin holder since 2020, MicroStrategy has amassed over 190,000 BTC, with an average purchase price of $31,224, making MicroStrategy's total investment cost $5.93 billion.
Last year, despite increasing losses, MicroStrategy continued to buy Bitcoin. In January, Saylor sold $216 million in MicroStrategy private stock options to buy more Bitcoin.
As of February, with the price of Bitcoin at $50,000, MicroStrategy is in a profitable position with an investment value of approximately $10 billion.
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