Posted 2/28/2024, 9:09:17 PM
MicroStrategy Goes All In On Bitcoin, Unfazed By Price Swings As Saylor Eyes $5B Gain
- MicroStrategy, led by Michael Saylor, has accumulated over 193,000 BTC since 2020, with unrealized gains of nearly $5 billion
- Saylor said "Bitcoin is the exit strategy" when asked if MicroStrategy would sell its BTC stash
- MicroStrategy is rebranding itself as "the world's first Bitcoin development company" to build BTC applications
- Recent BTC price surge to near all-time highs driven by spot ETF approvals and upcoming halving
- Saylor sees BTC as a superior asset class alongside the likes of Apple and Microsoft, with no plans to sell MicroStrategy's holdings