Inspiration of Saylor’s Ultimate Exit Strategy
Michael Saylor expressed his undeterred commitment to Bitcoin, declaring it as the ultimate ‘exit strategy’ and dismissing any plans to sell the company’s substantial BTC holdings. His dedication stems from the considerable profits yielded by the company’s current holdings.
MicroStrategy holds 190,000 bitcoins, purchased at an average cost of $31,224 per coin. The company’s holdings are valued at around $10 billion, yielding a substantial profit of $4 billion.
Saylor’s Indefinite Bitcoin Buying Stance
During an interview, Saylor expressed his readiness to keep “buying Bitcoin forever”, strongly believing in Bitcoin’s store of value properties and its potential as a hedge against inflation.
MicroStrategy initiated its Bitcoin accumulation journey in August 2020 and has consistently increased its portfolio. The company recently purchased 850 BTC at $37.5 million, showing Saylor’s commitment, with a cost basis of $31,464.74 and an unrealized profit of $3.505 billion.
He says, “We will develop software, generate cash flow, leverage the capital markets, all to accumulate more Bitcoin.”
Successful Company Transformation
The company’s share price has surged 466% since August 2020, outperforming major assets like the S&P 500, Nasdaq, and even Bitcoin stocks. The success reiterates Saylor’s stance to bulk buy Bitcoin despite initial skepticism. Saylor underscores, “There’s just no reason to sell the winner and to buy the losers.”
He anticipates significant capital inflows into Bitcoin and other digital assets with the approval of spot ETFs, potentially catalyzing further institutional adoption.
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