MicroStrategy CEO Michael Saylor has reaffirmed the company’s steadfast stance on retaining its Bitcoin (BTC) holdings, dismissing any plans to sell amidst the cryptocurrency’s soaring value.
In an exclusive interview with Bloomberg TV, Saylor emphasized the pivotal role of Spot ETFs in facilitating the influx of institutional capital into the BTC ecosystem, heralding a significant shift towards digital transformation in capital markets.
“Each day sees hundreds of millions of dollars transitioning from traditional analog assets into the digital economy,” remarked Saylor.
With Bitcoin’s market value surpassing the trillion-dollar mark, rivalling established asset classes like gold, real estate, and the S&P index, Saylor argued vehemently for BTC’s supremacy.
“We firmly believe that Bitcoin outshines other asset classes technologically, making it the logical choice for capital migration,” asserted Saylor. “There’s simply no rationale to part ways with the champion in favor of underperforming alternatives.”
MicroStrategy initiated its foray into Bitcoin investment in August 2020 and has since continued to bolster its holdings. In its latest acquisition, the company procured 850 BTC for $37.2 million, pushing its total reserve to 190,000 BTC. With BTC presently trading at $51,800, MicroStrategy’s Bitcoin assets are estimated to be valued at approximately $9.8 billion, according to CoinMarketCap data.
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