Microstrategy is undoubtedly one of the first companies that come to mind when Bitcoin is mentioned. So much so that many people in the USA who cannot invest in Bitcoin due to its complexity buy Microstrategy shares. Because Microstrategy holds a significant amount of BTC, and for this reason, the share price moves in parallel with BTC.
According to the latest data, the company is known to hold more than 90,000 BTC. The CEO of the company, Michael Saylor, who gives confidence to the market by making serious purchases in every Bitcoin decline and raises the price, made an evaluation about the latest statements made by the SEC.
All of these regulatory developments are good for Bitcoin. Volatility will decrease, public confidence will increase, and institutional and retail adoption of Bitcoin will accelerate as clarity & compliance comes to the digital asset space. #Bitcoin🚀https://t.co/Oc9x3wfHn7
— Michael Saylor⚡️ (@michael_saylor) September 21, 2021
The famous CEO, who found the SEC’s statements positive:
“All these regulatory developments are good for Bitcoin. Volatility will decrease, public confidence will increase, and clarity and harmony will come to the digital asset space. Thus, corporate and retail acceptance will increase rapidly.”
As can be understood from the tweet, Saylor, who finds the SEC’s statements positive, is generally known for making serious purchases after each sharp fall of BTC. It will be announced in the coming days whether he bought in these last decreases.
It is also known that the average BTC cost of Microstrategy is $ 26,000.