As we all know, MicroStrategy, a US-listed company founded by Bitcoin advocate Michael Saylor, has been buying Bitcoin. As of now, the company has accumulated a total of 190,000 Bitcoins, with an average purchase price of $31,224. Based on the current market price, the total value of the holdings has reached $10 billion, with profits amounting to $4 billion.
However, in an interview with Bloomberg on Tuesday, Michael Saylor stated that he has no intention of selling the Bitcoin held by MicroStrategy in the short term, or even forever. Michael Saylor said, “Bitcoin has risen nearly 100% in the past six months, and many investors may be considering exiting. But I believe Bitcoin itself is the exit strategy.” He pointed out that the value of Bitcoin has just surpassed one trillion US dollars, and it is competing with assets such as gold, real estate, and even standard indexes. The market value of these assets is much higher than that of Bitcoin, but Bitcoin itself is superior to these assets.
MicroStrategy began purchasing Bitcoin in August 2020 and has continuously increased its holdings since then. Meanwhile, the company repositioned itself as a “Bitcoin development company” while releasing its fourth-quarter earnings report.
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