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Microstrategy (MSTR) CEO Michael Saylor’s optimistic optimism for Bitcoin far outweighs most supporters. And, he has the numbers to show for it. The company recently announced an additional 5,050 BTC purchase, bringing its total Bitcoin holdings to 114,042 Bitcoins. At the time of going to press, it was worth over $ 5.4 billion.
The buying frenzy that began last year saw MSTR position itself as the first publicly traded company to adopt Bitcoin as its ‘core treasury reserve asset’. In addition, it has also positioned itself at the top in terms of ownership.
But, why exactly does Michael Saylor keep investing in Bitcoin? In a recent interview with Bloomberg, he had a fairly straightforward answer to this question. He said,
“A year ago, we had a $ 500 million software company with $ 500 million in cash that was generating a zero percent return. Today we have a $ 500 million software business that is growing 10 times a year and a $ 5 billion Bitcoin business that is growing north of 100 per year. So our strategy is to acquire and hold Bitcoin.
This will be done through a variety of offerings and bonds such as equity issues, convertibles and senior debt bonds, as well as junk bonds and cash flow.
The CEO also hinted that the company’s latest BTC acquisition was made through the sale of more than $ 400 million in equity in the last quarter. This allowed the company to “buy Bitcoin in a way that would be profitable for all shareholders.”
Additionally, Saylor’s bullish outlook has led him to have a strong confidence in “buying the bearish”. During the interview, Saylor felt that it is best to accumulate the centerpiece now that the market is cooling. As for MTSR shareholders, they knew what they were getting into, Saylor said.
“If you’ve ever risked your money to buy MicroStrategy stocks and Bitcoin is going up, you would rather have us owning more Bitcoin rather than less Bitcoin in order to profit from the rise.”
The only problem in paradise remains an “imminent regulatory crackdown”. Saylor believes that there is a general consensus between the public and regulators that Bitcoin is a commodity and a store of value.
What about other projects, in particular those in the DeFi space like Solana? According to the executive, as long as regulatory uncertainty persists, it will be an unwelcoming and unsuitable environment for investors.
Until then, institutions like his will only focus on accumulating Bitcoin, as it is an institutional grade asset. “A class in itself,” said Saylor.
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