MicroStrategy CEO Michael Saylor reveals that he has more than 105,000 Bitcoins worth approximately $ 4 billion. And that they will continue to buy in the coming months.
Specifically, this was revealed by Michael Saylor in a webinar in which he presented the results reported by MicroStrategy for the second quarter of this year. In particular, he indicated that he was very satisfied with the results obtained. Thanks to his investment strategy in Bitcoin.
In a statement before the conference, MicroStrategy CEO Michael Saylor noted:
«Our latest capital increase allowed us to expand our digital reserves, which now exceed 105,000 Bitcoins. In the future, we intend to continue to implement additional capital».
Michael Saylor’s remarks come at a time when Bitcoin appears to be on the mend. Trading around $ 40,100 at press time.
Michael Saylor Announces Plans to Acquire More Bitcoin
Very important, given the concerns of some investors and journalists about MicroStrategy’s approach related to the decline of Bitcoin. Michael Saylor has confirmed that they will remain on the same path they are avoiding, seeing the current situation as a good opportunity to increase reserves.
«Our macro strategy is to acquire and hold Bitcoin. We will help explain Bitcoin to regulators, the public and the media».
Furthermore, Michael Saylor added: «We believe that acquiring Bitcoin at this time will be a wise move. We feel like there is a hoarding right now. So we have to acquire all that we can».
In fact, faced with the idea of investing in other cryptocurrencies such as Ethereum, Michael Saylor confirmed that the strategy was to focus on Bitcoin. Among other things because it serves as a meeting point for the entire digital economy, being the least risky and most diverse idea for the company.
“Bitcoin fixes everything.”
In this regard, Phong Le, representative of MicroStrategy, supported Michael Saylor’s comments. And it revealed that the investment has generated returns for shareholders.
As a fun fact, he noted that MicroStrategy is in the early stages of implementing its strategy regarding Bitcoin, with other investments to come.
No to the rejection of the crypto revolution
Elsewhere, Michael Saylor said he was “satisfied” with the investment while describing an improving economic environment for Bitcoin. Despite the negative news that has seemingly put off retail investors of late.
«The exodus from China was a really good thing for Bitcoin. The result was a decentralization of mining around the world. In the long term, the Westernization of Bitcoin is good for Bitcoin, the US dollar and Western technology».
«The time has come for more Western governments to stop rejecting the crypto revolution. They should be more open to embracing crypto innovations and channeling them in a better direction for finance, the economy and society».
Finally, despite the fall in Bitcoin prices, for Michael Saylor, MicroStrategy’s strategy keeps it at its center. It is the safest and most diverse investment currently managed by the company.
I close with this phrase by Michael Saylor: «The least risky and most diversified investment strategy is to simply hold Bitcoin».