Saying that he will continue to buy Bitcoin forever MicroStrategy, bitcoin continues to be on the agenda with its purchases and statements on this subject.
After Michael Saylor, the founder and CEO of the company, who said that the recent sharp decline in Bitcoin did not frighten him and that MicroStrategy does not consider selling the Bitcoins it owns, the company’s CFO Phong Le spoke about MicroStrategy’s Bitcoin purchases. .
Speaking to the Wall Street Journal, Le said that MicroStrategy’s strategy, which has 124,391 Bitcoins, is to “buy and hold.”
“Our strategy with Bitcoin as a company was to buy and hold. So to the extent that we have excess cash flow or find other ways to raise money, we are investing that money in Bitcoin and we will continue to do so.”
Stating that they will not give up buying Bitcoin, Phong Le recently underlined that MicroStrategy will continue to buy BTC in 2022, but it is not clear whether it will buy more than last year.
The company last announced on December 30, 2021 that they bought 1914 Bitcoin for $94.2 million in cash at an average price of $49,229.
Michael Saylor’s Bitcoin Stability Continues!
Michael Saylor, CEO of Microstrategy, which is the largest institutional Bitcoin investor, continues to support Bitcoin.
Because the famous CEO reiterated that he is not afraid of the decline in Bitcoin in his post on Twitter yesterday. Saylor, who added the lyrics of the famous rapper Eminem’s song “Not Afraid” in his post, stated that the storm would not intimidate him.
*Not investment advice.