Bitcoin sale plans dropped by MicroStrategy CEO Michael Saylor
MicroStrategy CEO Michael Saylor has made it clear that he has no intentions of selling any Bitcoin (BTC) held by the company. In a recent interview with Bloomberg TV, Saylor emphasized the importance of Spot ETFs in attracting institutional capital to the BTC ecosystem and contributing to the digital transformation of capital.
Saylor believes that Bitcoin’s value, which currently stands at just over a trillion dollars, surpasses other asset classes such as gold, real estate, and even the S&P index, all of which have market capitalizations significantly larger than Bitcoin.
MicroStrategy has been actively accumulating Bitcoin since August 2020 and has steadily increased its portfolio. Last month, the company acquired 850 BTC for $37.2 million, bringing its total Bitcoin holdings to 190,000 BTC. As of now, BTC is trading at $51,800, according to CoinMarketCap, and MicroStrategy’s assets are estimated to be worth approximately $9.8 billion at the current exchange rate.
In related news, Michael Saylor has recently decided to sell $216 million worth of MicroStrategy shares in order to acquire more Bitcoin. For further updates, follow us on Google News.
