Michael Saylor, the CEO of MicroStrategy, has equivocally supported Bitcoin at various junctures. His firm has been one of the leading investors in Bitcoin, contributing enormously to the rise of cryptocurrency and showing the path to other organizations.
MicroStrategy CEO has said that the company would continue to invest in Bitcoin and find newer ways to do so.
Michael Saylor Says His Firm Will Buy More Bitcoin
During the company’s quarterly filing call, he said that the firm “Going forward, we continue to plan to hold our bitcoin and invest additional excess cash flows in bitcoin. “ He added that the firm “ will explore various approaches to acquire additional bitcoin as part of our overall corporate strategy,”
The firm is a leading investor in bitcoin and owns a massive 70784 BTC, which it purchased mostly out of its excess cash. Saylor informed the shareholders that the company might acquire more Bitcoin and continue to hold Bitcoin as its reserve asset and buy additional Bitcoin as part of its corporate investment plan. He added that the company had gained a ‘thought leader’ stature in the crypto industry with its unconventional decision to make Bitcoin the company’s primary reserve asset. By investing primarily in Bitcoin, the firm has generated a lot of interest and grabbed massive attention in the market.
The Bitcoin volatility does not worry MicroStrategy CEO much. He said that the firm would continue to acquire Bitcoin,
MicroStrategy had also raised $650 million in debt, offering to buy additional Bitcoin. Saylor said that he” feels right’ as the firm’s software product and Bitcoin strategies work in tandem. He also added that the firm would work towards capitalizing on the opportunity to become the leader in the crypto space. The CFO of the company Phong Le also stated that the form is attempting to enhance investor returns by buying more bitcoin.
Michael Saylor has been advocating Bitcoin for quite some time; reportedly he is planning to host a digital Bitcoin Summit which will detail the cryptocurrency and highlight its benefits. He wants to tell other firms about how they can incorporate Bitcoin in their balance sheets.
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