Michael Saylor: “We are not going to sell Bitcoin reserves”

MicroStrategy co-founder and CEO Michael Saylor said the company has no plans to sell its bitcoin holdings in the foreseeable future.

According to Michael Saylor, the current situation is ideal for the continued growth of the cryptocurrency market, so selling BTC would be simply stupid.

“Bitcoin spot ETFs launched, opening the gates for institutional capital to flow into the first cryptocurrency ecosystem. ETFs contribute to the digital transformation of capital, and every day hundreds of millions of dollars flow from the traditional financial system to the digital economy,” emphasized the CEO of MicroStrategy.

Let us remind you that MicroStrategy wallets store more than 190,000 BTC, which, at current prices, is about $10 billion. At the same time, the average purchase price of Bitcoin for the company was $31,244, that is, MicroStrategy has an unrecorded profit of over $4 billion.

“We believe that capital will continue to flow from traditional assets such as gold, real estate and stocks into Bitcoin. Simply because Bitcoin is technically superior to these traditional asset classes, there is no reason for us to sell the winning asset class and buy the losing ones,” Saylor said.

It was previously reported that MicroStrategy plans to develop Bitcoin-related technologies.