[MicroStrategy’s no-sell strategy for Bitcoin, earning more than $1 billion in profits]
As a major Bitcoin investor, Michael Saylor is firmly opposed to selling MicroStrategy’s Bitcoin holdings. He believes that Bitcoin is a better long-term investment option than traditional assets. In an interview with Christopher Jaszczynski, host of the YouTube channel MMCrypto, Saylor made it clear that selling Bitcoin would not be a wise move and emphasized alignment with MicroStrategy’s long-term strategy.
Since first buying Bitcoin in 2020, MicroStrategy, a company led by Saylor, has continued to increase its Bitcoin holdings and now has 158,400 coins worth about $4.7 billion. Saylor noted that the company’s strategy is to continue accumulating Bitcoin rather than trading or diversifying.
He emphasized that Bitcoin has broken out among traditional asset classes, thanks to MicroStrategy’s long-term leverage strategy. Since the company began its Bitcoin investment strategy, the price of Bitcoin increased 192% from August 10, 2020, to October 31 of this year, outperforming stocks, gold, and bonds.
Saylor also addressed public concerns about Bitcoin’s volatility, suggesting it be considered a “digital property” rather than just a digital currency. He believes that Bitcoin has the potential to become a superior store of value and a hedge against economic uncertainty.
Although MicroStrategy sold 704 Bitcoins in December 2022, the company made significant unrealized profits from its Bitcoin investments. Recent estimates suggest that when Bitcoin hit $37,000, its unrealized profits exceeded $1 billion. In a speech at a cryptocurrency conference in Australia, Saylor predicted that demand for Bitcoin could grow as much as 10 times in the next 12 months.
