The stance of MicroStrategy and its CEO, Michael Saylor, have captured attention by challenging the general Bitcoin selling trend. Despite the astronomical gains, the company has adopted a firm strategy of retaining its investments in the leading cryptocurrency.
Accumulating Bitcoin in the long term
Since the initial acquisition of 17,732 BTC in the fall of 2020, MicroStrategy has raised its position to an impressive total of 158,400 BTC, representing an investment in excess of $4.7 billion. The company’s strategy, according to Saylor, focuses on accumulating and holding Bitcoin at all costs, distancing itself from more traditional approaches to trading and diversification.
Exceptional performances
Saylor highlights that Bitcoin has outperformed all other conventional asset classes, with an impressive 192% increase since MicroStrategy began its acquisition strategy in August 2020. This performance has eclipsed stocks, gold and bonds, supporting the company’s conviction in its long-term approach.
Bitcoin as a store of value
Addressing concerns about Bitcoin’s volatility, Saylor proposes perceiving it as a “digital property” rather than simply a digital currency. He argues that Bitcoin is intended to replace currency derivatives and weaker assets, positioning itself as a superior store of value and a hedge against economic uncertainty.
Predictions and future prospects
Despite the sale of 704 BTC in December 2022, MicroStrategy has experienced considerable unrealized gains, estimated at over $1 billion with the BTC price reaching $37,000. At the recent Australian Crypto Convention, Saylor predicted a possible increase in demand for Bitcoin by up to 10 times in the next 12 months, reinforcing confidence in his holding strategy.
To end…
MicroStrategy’s decision not to sell Bitcoin despite million-dollar profits reflects unwavering confidence in the leading cryptocurrency. In a volatile market, the company is sticking to a long-term strategy, challenging conventions and betting on the evolution of Bitcoin as a reliable store of value in the global financial landscape.
