As we all know, MicroStrategy, the US-listed company founded by Bitcoin advocate Michael Saylor, has been buying Bitcoin. So far, the company has accumulated a total of 190,000 Bitcoins, with an average purchase price of $31,224. If calculated at the current market price, the total value of its holdings has reached $10 billion, with a profit of up to $4 billion.
However, in an interview with Bloomberg on Tuesday, Michael Saylor stated that he has no plans to sell the Bitcoin held by MicroStrategy, neither in the short term nor forever.
Michael Saylor said, “Bitcoin has risen nearly 100% in the past six months, and many investors may be considering an exit. But I believe that Bitcoin itself is the exit strategy.” He pointed out that the value of Bitcoin has just exceeded one trillion US dollars, competing with assets such as gold, real estate, and even the stock market index. The market values of all these assets are much higher than that of Bitcoin, but Bitcoin itself has advantages over these assets.
MicroStrategy began buying Bitcoin in August 2020 and has been continuously increasing its holdings. Meanwhile, the company also repositioned itself as a “Bitcoin development company” when releasing its fourth-quarter earnings report.
