Posted 2/20/2024, 9:30:00 PM
MicroStrategy's Saylor Remains Bullish on Bitcoin, Says No Plans to Sell Despite $4B Profit
- Michael Saylor says he has no plans to sell MicroStrategy's bitcoin as "There's no reason to sell the winner and buy the losers"
- He argues bitcoin competes with larger asset classes like gold and real estate, but is the superior product
- MicroStrategy held 190,000 bitcoins at end of January, purchased for $31k each, now worth $10B with $4B profit
- Saylor says capital keeps flowing from other assets into bitcoin because it's technically superior
- MicroStrategy has rebranded itself a "bitcoin development company", doubling down on its bitcoin commitment