Saylor Hits Back at Claims MicroStrategy’s Bitcoin Trove Makes It an ETF
The MicroStrategy CEO took to Twitter to dismiss widespread speculation that his company's recent massive purchases of bitcoin have turned it into an investment firm or de facto ETF.
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MicroStrategy’s Michael Saylor has recently shared his thoughts around bitcoin-backed bonds which have been gaining popularity after El Salvador announced that it would be launching the first one. Saylor who is a staunch advocate of BTC explained where he saw the market right now in terms of bitcoin bonds and whether or not the crypto […]
MicroStrategy’s Michael Saylor has no intention of selling from his firm’s $5-billion Bitcoin chest despite a 40% drop in the value. Despite a 40% drop in the value of Bitcoin (BTC), MicroStrategy’s Michael Saylor has no intention of selling his firm’s $5-billion stash.Even if BTC suffers a lengthy bear market, Saylor told Bloomberg that he is a “Bitcoin bull” and does not intend to alter MicroStrategy’s multi-billion-dollar BTC acquisition plan. He took a firm stance against cashing out BTC:“Never. No. We’re not sellers. We’re only acquiring and holding Bitcoin, right? That’s our....
As MicroStrategy stock slumps, Michael Saylor remains confident Bitcoin holdings will cover a potential margin-call on BTC-backed loans. MicroStrategy’s CEO and Bitcoin proponent Michael Saylor is confident his firm’s BTC holdings will more than cover a potential margin call on Bitcoin-backed loans.The American business intelligence and software giant made headlines in 2021 with a number of major investments into Bitcoin. Saylor was a driving force behind MicroStrategy’s decision to convert its treasury reserve into BTC holdings.Global markets have suffered major losses in early May and....
Since he left Twitter, Jack Dorsey looks like a new man. A man on a mission without the constraints a billion-dollar business put around your neck. The key-note for MicroStrategy’s “Bitcoin for Corporations” event didn’t disappoint. In a curious change of pace, Michael Saylor served as an interviewer. He questioned Dorsey about Block and the […]
‘We can liquidate it any day of the week, any hour of the day,’ said Michael Saylor. Michael Saylor has said that all $400 million of business intelligence firm MicroStrategy’s Bitcoin reserve holdings could be liquidated at any time.In a Sept. 22 interview, Saylor told Bloomberg that although “volatility isn’t really a reason to sell,” he would not hesitate to dump MicroStrategy’s 38,250 Bitcoin (BTC) at a moment’s notice if an alternative asset’s yields were to jump.Selling such a large amount of the crypto asset could easily cause a significant price drop, as happened in June when....