MicroStrategy Founder Michael Saylor: Consistently Buying Bitcoin as an Exit Strategy
MicroStrategy (MSTR) founder Michael Saylor was asked if he considered taking profits, to which he stated that he had previously said he would “always buy at the high point” and that continuing to buy Bitcoin was MicroStrategy’s exit strategy.
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Michael Saylor: Bitcoin is competing with S&P 500 and real estate
Does ETF increase the difficulty for MicroStrategy to buy Bitcoin?
Does MicroStrategy consider taking profits with its Bitcoin assets of approximately 10 billion USD?
MicroStrategy’s Bitcoin holdings approach 10 billion USD
Michael Saylor: Bitcoin is competing with S&P 500 and real estate
Michael Saylor presented several points:
Does ETF increase the difficulty for MicroStrategy to buy Bitcoin?
Michael Saylor denied this, stating that it is a good virtuous cycle and believes that Bitcoin ETF opens the door for institutional capital inflow and also promotes the digital transformation of capital.
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The inflow of Bitcoin ETF is also far greater than the selling pressure from mining companies, approximately 8 to 10 times.
Does MicroStrategy consider taking profits with its Bitcoin assets of approximately 10 billion USD?
Michael Saylor stated that he had previously said he would “always buy at the high point” and that continuing to buy Bitcoin was MicroStrategy’s exit strategy.
He said:
The market value of Bitcoin is now on par with Apple, Google, and Microsoft, with the difference being that Bitcoin is an asset class rather than a company. The capital structure of a company cannot accommodate 10 trillion or 100 trillion USD. Therefore, Bitcoin is competing with gold, and its market value still has room to grow by several times. It is competing with asset classes such as S&P 500 and real estate, which have a market value of over 100 billion USD, as a store of value asset.
He believes that capital will continue to flow into Bitcoin from these asset classes because Bitcoin is superior to them in terms of technology, and there is no reason to sell winners and buy losers.
MicroStrategy’s Bitcoin holdings approach 10 billion USD
Previously reported, MicroStrategy initially planned to invest in “alternative assets” in August 2020 when the price of Bitcoin was only about 11,653 USD, and the board unanimously agreed on making Bitcoin its primary reserve asset on September 11 of that year. Since then, MicroStrategy has added to its holdings multiple times and continued to buy aggressively even when the price fell below the cost.
With the price of Bitcoin approaching 53,000 USD, MicroStrategy’s long-term investment of funds and holdings of 190,000 Bitcoins over the past few years is also nearing a value of 10 billion USD.
During this interview, Michael Saylor also emphasized that MicroStrategy is a stock with a leverage effect of Bitcoin.
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Bitcoin surpasses $52,000, MicroStrategy’s Bitcoin holdings approach $10 billion
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Michael Saylor
MicroStrategy
Bitcoin
Further reading
Bitcoin surpasses $52,000, MicroStrategy’s Bitcoin holdings approach $10 billion
Michael Saylor: Bitcoin spot ETF demand is 10 times the supply, will continue to buy Bitcoin
