{"id":396963,"date":"2022-01-20T16:19:43","date_gmt":"2022-01-20T13:19:43","guid":{"rendered":"https:\/\/en.buradabiliyorum.com\/microstrategy-ceo-wont-sell-5b-btc-stash-despite-crypto-winter\/"},"modified":"2022-01-20T16:19:43","modified_gmt":"2022-01-20T13:19:43","slug":"microstrategy-ceo-wont-sell-5b-btc-stash-despite-crypto-winter","status":"publish","type":"post","link":"https:\/\/buradabiliyorum.com\/en\/microstrategy-ceo-wont-sell-5b-btc-stash-despite-crypto-winter\/","title":{"rendered":"# MicroStrategy CEO won\u2019t sell $5B BTC stash despite crypto winter"},"content":{"rendered":"<p>&#8220;<strong># MicroStrategy CEO won\u2019t sell $5B BTC stash despite crypto winter <\/strong>&#8221;<br \/>\n<img decoding=\"async\" src=\"https:\/\/images.cointelegraph.com\/images\/840_aHR0cHM6Ly9zMy5jb2ludGVsZWdyYXBoLmNvbS91cGxvYWRzLzIwMjItMDEvMDhkNTNiZDktNjA2NS00MmM0LWI1ODEtZGEzZDM0ZWIyMDkwLmpwZw==.jpg\" \/><\/p>\n<div class=\"post-content\" data-v-128018ef>Despite a 40% drop in the value of Bitcoin (BTC), MicroStrategy\u2019s Michael Saylor has no intention of selling his firm\u2019s $5-billion stash.<\/p>\n<p>Even if BTC suffers a lengthy bear market, Saylor <a rel=\"nofollow noopener\" target=\"_blank\" href=\"https:\/\/www.bloomberg.com\/news\/videos\/2022-01-20\/studio-1-0-microstrategy-chairman-ceo-michael-saylor-video\">told<\/a> Bloomberg that he is a \u201cBitcoin bull\u201d and does not intend to alter MicroStrategy\u2019s multi-billion-dollar BTC acquisition plan. He took a firm stance against cashing out BTC:<\/p>\n<blockquote><p>\u201cNever. No. We\u2019re not sellers. We\u2019re only acquiring and holding Bitcoin, right? That\u2019s our strategy.\u201d<\/p><\/blockquote>\n<blockquote class=\"twitter-tweet\">\n<p lang=\"en\" dir=\"ltr\">This current crypto winter doesn&#8217;t have Michael Saylor feeling all that cold. He tells <a rel=\"nofollow noopener\" target=\"_blank\" href=\"https:\/\/twitter.com\/emilychangtv?ref_src=twsrc%5Etfw\">@emilychangtv<\/a> why in Studio 1.0 <a rel=\"nofollow noopener\" target=\"_blank\" href=\"https:\/\/t.co\/EsUlY5sscN\">https:\/\/t.co\/EsUlY5sscN<\/a> <a rel=\"nofollow noopener\" target=\"_blank\" href=\"https:\/\/t.co\/zWStdl5qsF\">pic.twitter.com\/zWStdl5qsF<\/a><\/p>\n<p>\u2014 Bloomberg TV (@BloombergTV) <a rel=\"nofollow noopener\" target=\"_blank\" href=\"https:\/\/twitter.com\/BloombergTV\/status\/1484101452217794564?ref_src=twsrc%5Etfw\">January 20, 2022<\/a><\/p><\/blockquote>\n<p><script async src=\"https:\/\/platform.twitter.com\/widgets.js\" charset=\"utf-8\"><\/script><br \/>\nMicroStrategy became the first publicly listed corporation in the United States to acquire and hold Bitcoin as part of its balance sheet in August 2020. Since then, the business software manufacturer has amassed about 124,391 BTC worth about $5.2 billion at current market prices.<\/p>\n<p>Due to the large portion of its balance sheet being taken up by cryptocurrency, the company\u2019s shares have turned into a means to get exposure to the \u201cdigital gold.\u201d After announcing its venture into BTC, MicroStrategy\u2019s stock skyrocketed 900% at one time; however, recently, its collateral has gone into a tailspin after being exposed to excessive buying events financed in part with borrowed funds.<\/p>\n<p>Since August 2020, MicroStrategy has continuously boosted its Bitcoin position, keeping its promise to purchase even more of the major digital currency. Late last year, MicroStrategy\u00a0bought 1,914 BTC between Dec. 9 and Dec. 29 for $94.2 million, bringing its total to 124,391 BTC.<\/p>\n<p><strong><em>Related: <\/em><\/strong><strong><em>Billionaire investor Bill Miller puts 50% of net worth in Bitcoin<\/em><\/strong><\/p>\n<p>Despite the recent market sell-off, Saylor still considers BTC one of the best inflation hedges and alternatives for stock buyback events. He dismissed any concerns about the cryptocurrency\u2019s decline from its all-time high of $69,000 in November to less than $40,000 this month, stating that because inflation is so high, the company\u2019s assets are actually a source of \u201cgreat comfort.\u201d<\/p>\n<p>Saylor, who previously branded cash a \u201cmelting ice cube,\u201d anticipates more Wall Street names will buy BTC at current prices, describing it as \u201ca great entry point for institutional investors.\u201d<\/p>\n<p><template data-name=\"subscription_form\" data-type=\"markets_outlook\"><\/template><\/p>\n<\/div>\n<blockquote><p><strong><span style=\"color: #ff6600;\">If you liked the article, do not forget to share it with your friends. Follow us on\u00a0<span style=\"color: #ff0000;\"><a style=\"color: #ff0000;\" href=\"https:\/\/news.google.com\/publications\/CAAqBwgKMLG0nwswvr63Aw\" target=\"_blank\" rel=\"nofollow noopener noreferrer\">Google News<\/a><\/span>\u00a0too, click on the star and choose us from your favorites.<\/span><\/strong><\/p><\/blockquote>\n<blockquote>\n<p style=\"text-align: center;\">For forums sites go to <span style=\"color: #ff9900;\"><a style=\"color: #ff9900;\" href=\"https:\/\/forum.buradabiliyorum.com\/\" target=\"_blank\" rel=\"noopener\">Forum.BuradaBiliyorum.Com<\/a><\/span><\/strong>\n<\/p><\/blockquote>\n<blockquote>\n<p style=\"text-align: center;\"><strong>If you want to read more <a href=\"https:\/\/buradabiliyorum.com\/en\/category\/news\/\" data-internallinksmanager029f6b8e52c=\"2\" title=\"News\" target=\"_blank\" rel=\"noopener\">News<\/a> articles, you can visit our <span style=\"color: #ff9900;\"><a style=\"color: #ff9900;\" href=\"https:\/\/en.buradabiliyorum.com\/general\/\" target=\"_blank\" rel=\"noopener\">General category.<\/a><\/span><\/strong><\/p>\n<\/blockquote>\n<p><span style=\"color: black;\"><a style=\"color: #ff9900;\" href=\"https:\/\/cointelegraph.com\/news\/microstrategy-ceo-won-t-sell-5b-btc-stash-despite-crypto-winter\" target=\"_blank\" rel=\"noopener\">Source<\/a><\/span><\/p>\n","protected":false},"excerpt":{"rendered":"<p>&#8220;# MicroStrategy CEO won\u2019t sell $5B BTC stash despite crypto winter &#8221; Despite a 40% drop in the value of Bitcoin (BTC), MicroStrategy\u2019s Michael Saylor has no intention of selling his firm\u2019s $5-billion stash. Even if BTC suffers a lengthy bear market, Saylor told Bloomberg that he is a \u201cBitcoin bull\u201d and does not intend&#8230;<\/p>\n","protected":false},"author":1,"featured_media":396964,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"fifu_image_url":"https:\/\/images.cointelegraph.com\/images\/1200_aHR0cHM6Ly9zMy5jb2ludGVsZWdyYXBoLmNvbS91cGxvYWRzLzIwMjItMDEvMDhkNTNiZDktNjA2NS00MmM0LWI1ODEtZGEzZDM0ZWIyMDkwLmpwZw==.jpg","fifu_image_alt":"","footnotes":""},"categories":[1],"tags":[74862,120470,122847,74355,117,73711],"class_list":["post-396963","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-general","tag-bitcoin","tag-digital-asset-holdings","tag-microstrategy","tag-adoption","tag-business","tag-investments"],"_links":{"self":[{"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/posts\/396963","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/comments?post=396963"}],"version-history":[{"count":0,"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/posts\/396963\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/media\/396964"}],"wp:attachment":[{"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/media?parent=396963"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/categories?post=396963"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/tags?post=396963"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}