The founder of MicroStrategy, Michael Saylor, has made it explicitly clear that there is no intention to offload any of the Bitcoins owned by the company soon. The influx of capital from traditional financial systems into digital ones through ETFs, according to him, strengthens Bitcoin’s position as more valuable than gold, real estate, or even the S&P Index.
Saylor told Bloomberg TV about the key role played by spot ETFs in bringing institutional capital into Bitcoin’s ecosystem. He spoke about billions of dollars moving daily from analog to digital economies, something that denotes a major shift in how capital works.
MicroStrategy’s Bitcoin Bonanza
As TronWeely reported previously, MicroStrategy’s Bitcoin holdings increased when the cryptocurrency almost reached the $53,000 level. The company generated an unbelievable profit of over $4 billion as its holdings exceeded $10 billion. An investor presentation showed that in 2023 it had accumulated a stash of 190,000 Bitcoins through strategic buying.
By raising capital market activities to secure 30,555 BTC worth $1.2 Billion in Q4 FY’23, Microstrategy drove its strategy for bitcoin accumulation further. Besides these purchases, the company also spent $13.4 million of excess cash to buy 350 more Bitcoin. In line with its policy of amassing BTC throughout 2024, Microstrategy picked up another batch of BTC valued at $37.2 million amounting to 850 BTC from excess cash reserves.
However, Bitcoin’s highly profitable gains may encourage some investors to sell, but Saylor is not willing to do that. Bitcoin serves as the ultimate exit strategy. In his eyes, Bitcoin’s market value surpasses one trillion dollars, thus it directly competes with other assets that are known for their technical superiority.
Saylor believes that Bitcoin’s superiority will keep on drawing capital out of traditional assets. He maintains that given Bitcoin’s technical merits as compared to other asset categories, there is not much logic in detaching one’s self from the digital currency in favor of worse alternatives. Bitcoin for Saylor and MicroStrategy is not simply an investment—it represents a belief beyond the realms of common financial wisdom.
Nevertheless, this is only the starting point of Saylor’s unwavering belief in Bitcoin’s supremacy amidst broader changes in the cryptocurrency market. With institutions getting more interested and traditional barricades being shattered, Bitcoin’s domination appears to be unstoppable.
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