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BlockNews
Home CRYPTO

Michael Saylor Declares Bitcoin as MicroStrategy’s Exit Strategy

Michael Juanico by Michael Juanico
February 20, 2024
in CRYPTO, OPINION
Reading Time: 3 mins read
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  • MicroStrategy has invested heavily in bitcoin and views it as a long-term store of value, not a short-term profit source. The company has no plans to sell its bitcoin holdings.
  • MicroStrategy continues acquiring more bitcoin, now holding over 130,000 coins worth around $3 billion. It uses bitcoin as its primary treasury reserve asset instead of cash.
  • MicroStrategy sees bitcoin as an inflation hedge that holds purchasing power over time, unlike fiat currencies which lose value. The company remains committed to holding bitcoin long-term.

MicroStrategy‘s bitcoin investment has paid off handsomely, but the company has no plans to sell. Michael Saylor, MicroStrategy’s executive chairman, explained the company’s long-term outlook on bitcoin in an interview with Bloomberg TV.

JUST IN: Michael @saylor states he will be buying #Bitcoin forever 🚀 pic.twitter.com/fx28GpooA8

— BlockNews.com (@blocknewsdotcom) February 20, 2024

MicroStrategy is a business intelligence company that has invested heavily in bitcoin, buying over 100,000 coins. The company’s bitcoin bet has generated billions in gains so far. However, MicroStrategy views bitcoin as a long-term store of value, not a short-term profit vehicle.

Saylor Explains Why MicroStrategy Won’t Sell Bitcoin

In the Bloomberg TV interview, Saylor made it clear MicroStrategy has no intentions to sell its bitcoin anytime soon. “Bitcoin itself is the exit strategy,” he stated. Saylor explained that holding bitcoin long-term is the best way to preserve shareholder value.

MicroStrategy’s Bitcoin Holdings Continue to Grow

While MicroStrategy has no plans to sell, the company continues acquiring more bitcoin. MicroStrategy holds over 130,000 bitcoins, worth around $3 billion at current prices. The company uses bitcoin as its primary treasury reserve asset instead of cash.

Bitcoin Provides an Inflation Hedge

Saylor noted bitcoin serves as a hedge against inflation, which continues rising globally. With its fixed supply, bitcoin holds its purchasing power over the long run, unlike fiat currencies which lose value. MicroStrategy views this as bitcoin’s primary value.

The Future Remains Uncertain

It remains to be seen whether MicroStrategy’s bitcoin bet pays off in the long run. Much depends on if bitcoin gains mainstream adoption as a store of value and hedge against inflation. For now, MicroStrategy remains committed to holding its bitcoin for the long term.

Disclaimer: BlockNews provides independent reporting on crypto, blockchain, and digital finance. All content is for informational purposes only and does not constitute financial advice. Readers should do their own research before making investment decisions. Some articles may use AI tools to assist in drafting, but every piece is reviewed and edited by our editorial team of experienced crypto writers and analysts before publication.
Tags: BitcoinBloomberg TVMichael SaylorMicrostrategy
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Michael Juanico

Michael Juanico

Michael is a BSBA Management graduate from Mindanao State University and has been a professional content writer since 2019. He began exploring cryptocurrency in 2021 and has since made blockchain and digital assets his primary focus. For nearly four years, Michael has contributed research and editorial content at Aiur Labs and BlockNews, producing clear and accessible coverage of market trends, trading strategies, and project developments. He is transparent about his personal holdings in Bitcoin, TRON, and select meme tokens, combining writing expertise with hands-on market experience to deliver trustworthy insights to readers.

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