Michael Saylor: MicroStrategy doesn't sell Bitcoin! BTC holdings have floating profit of nearly US$4 billion

Since July 2020, the US listed software company MicroStrategy has been optimistic about the prospects of Bitcoin and has begun long-term investment. So far, they have invested a total of US$5.93 billion in buying Bitcoin and have never sold it. The average price of their positions is US$31,224. The move shows MicroStrategy’s confidence in Bitcoin’s long-term potential and reflects their view on the cryptocurrency market. This strategic investment not only makes MicroStrategy one of the few public companies to make large-scale bets on digital assets, but also further consolidates the surge in Bitcoin prices. The market value of the company's Bitcoin holdings has reached 9.91 billion. U.S. dollars, unrealized profits are about to reach $4 billion, and the company's stock price has soared.

MicroStrategy insists on not selling Bitcoin

When MicroStrategy’s positions show huge profits, the outside world is paying attention to whether MicroStrategy will sell Bitcoin to cash out. ? However, Michael Saylor, the founder and executive chairman of MicroStrategy, expressed confidence in an exclusive interview with Bloomberg on the 20th: MicroStrategy has no plans to sell Bitcoin in the near future or even ever, and continues to be optimistic about BTC: spot ETFs will help institutional capital flow into the Bitcoin ecosystem. Open a door. ETFs are promoting the digital transformation of capital, with hundreds of millions of dollars of capital flowing into the digital economy from the traditional ecosystem every day.

Michael Saylor said that holding Bitcoin is the market exit strategy of micro-strategy. The current market value of Bitcoin has just exceeded US$1 trillion and is competing with larger asset classes such as gold, real estate, and the S&P Index. But in his view, Bitcoin is a superior product to all of these asset classes: We believe that capital will continue to flow into Bitcoin from other asset classes because Bitcoin is technically superior to these asset classes, and in this case, There is no reason to sell winners and buy losers.

MicroStrategy wants to transform into a Bitcoin development company

On the other hand, Michael Saylor mentioned the importance of the listing of Bitcoin spot ETFs last week, saying that the demand for Bitcoin ETFs has After being suppressed for ten years, mainstream investors can finally get access to Bitcoin, which has led to a large inflow of ETF funds. The demand for Bitcoin from ETFs is 10 times the supply that miners can provide, making spot ETFs a supporter of Bitcoin. A major force in the rise.

In addition, Michael Saylor also revealed MicroStrategy’s rebranding plan. MicroStrategy will redefine its business focus and transform into a company focused on Bitcoin development. He said that this move is in line with the company’s development direction. coincides with this and highlights the success of Bitcoin-focused strategies, as well as MicroStrategy’s position as the world’s largest public company Bitcoin investor.

Michael Saylor pointed out that MicroStrategy’s operating model is more diversified than traditional investment trusts, which allows the company to devote itself to software development, create cash flow, use capital markets, and accumulate Bitcoins for shareholders while providing Bitcoin Contribute to the development of the currency network.

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