MicroStrategy Holds Nearly 153,000 BTC 3 Years Later
– MicroStrategy became the first publicly-traded company to purchase bitcoin in August 2020.
– The decision to invest in bitcoin was made due to its ability to serve as a hedge against inflation and provide higher returns compared to other assets.
– MicroStrategy currently holds 152,800 BTC, making it the largest corporate holder of bitcoin.
– The company made one of its largest purchases in June 2023, buying 12,333 BTC for $347 million.
– MicroStrategy sold 704 BTC in December 2022 to generate tax benefits, contrary to previous statements.
Saylor Continues to Solidify Bitcoin Support
– Michael Saylor, co-founder and executive chairman of MicroStrategy, is a strong advocate for bitcoin and views it as the “digital gold.”
– Saylor has made big price predictions for bitcoin, stating that its value could exceed $1 million per coin.
– He believes that bitcoin is the future of money and has the potential to reach a market capitalization comparable to gold.
– Saylor remains unfazed by the SEC’s enforcement crackdown on the crypto sector, suggesting it could benefit bitcoin.
– Saylor stepped down as MicroStrategy’s CEO in August 2022 to focus on the company’s bitcoin acquisition strategy.
Hot Take
Michael Saylor’s unwavering support for bitcoin and his bold price predictions demonstrate his confidence in the cryptocurrency’s long-term potential. MicroStrategy’s significant BTC holdings further solidify its position as a major player in the crypto space. Despite regulatory challenges, Saylor believes that bitcoin will continue to thrive and surpass traditional assets like gold. His dedication to promoting bitcoin and advocating for its adoption suggests a strong belief in its ability to revolutionize the financial industry.
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