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Crypto Token Development, White Paper, Blockhain img News img Business img

Michael Saylor is not interested in selling BTC

Feb 21, 2024
Business
The executive director of MicroStrategy, Michael Saylor, said in an interview with Bloomberg TV that the company earned billions by betting on Bitcoin, so it does not plan to sell cryptocurrency yet.
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The expert also noted that spot ETFs have opened the doors for the inflow of institutional capital into the BTC ecosystem, thereby contributing to the digital transformation of capital.

Recall that MicroStrategy first started buying BTC in August 2020 and owns 190,000 BTC. The coins were purchased at a price of $31.2K, thanks to which the company received $4 billion in profit.

Many investors are considering exiting Bitcoin at this stage. In turn, Saylor noted that the value of BTC competes with such asset classes as gold, real estate or the S&P index, and also technically surpasses them. In this regard, the company is not interested in selling the largest digital coin.

At the time of publication of the article, Bitcoin is trading at $52.4K. MSTR shares have increased by 11.8% since the beginning of the year.

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