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MicroStrategy's Michael Saylor reveals his ultimate Bitcoin exit strategy

In a recent interview with Bloomberg TV, MicroStrategy's Michael Saylor expressed his unwavering commitment to Bitcoin, declaring it the ultimate “exit strategy” and rejecting any plans to sell the company's significant BTC holdings.

Bitcoin as the ultimate exit strategy

MicroStrategy holds 190,000 Bitcoins, which are purchased at an average price of $31,224 per coin. With Bitcoin currently trading at around $52,275.60 (at the time of writing), the company's holdings are valued at around $10 billion, generating a sizable profit of $4 billion.

Despite the high gains, Saylor reiterates that “Bitcoin is the exit strategy” and emphasizes its superiority over traditional assets such as gold, real estate and the S&P index.

Saylor's vague stance on buying Bitcoin:

During the Bloomberg TV interview, Saylor expressed his willingness to “buy Bitcoin forever,” firmly believing in Bitcoin’s store of value properties and its potential as a hedge against inflation.

MicroStrategy began its Bitcoin accumulation journey in August 2020 and has continued to expand its portfolio. MicroStrategy’s recent purchase of 850 BTC for $37.5 million shows Saylor’s commitment, with a cost basis of $31,464.74 and an unrealized profit of $3.505 billion.

In a bold move, the company renamed itself a “Bitcoin Development Company” in its fourth quarter (Q4 2023) earnings report, underscoring its commitment to Bitcoin. Shares of MicroStrategy are up 11.8% year-to-date, reflecting investor confidence in Saylor's strategic approach.

He says: “We will develop software, generate cash flow, use the capital markets to accumulate more Bitcoin.”

In the meantime …

The company's stock price has risen 466% since August 2020, outperforming major assets like the S&P 500, Nasdaq and even Bitcoin stocks. The success reinforces Saylor's stance on buying Bitcoin in large quantities despite initial skepticism. Saylor emphasizes: “There is simply no reason to sell the winners and buy the losers.”

Saylor claims, “ETFs facilitate the digital transformation of capital.” He expects the approval of spot ETFs to generate significant capital inflows into Bitcoin and other digital assets, potentially leading to further institutional adoption.

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