Michael Saylor Denies Bitcoin Sale Rumors, Says Strategy's BTC Buys Are 'Accelerating'

Michael Saylor, co-founder and Executive Chairman of Strategy, has denied rumors that the firm is selling its Bitcoin holdings, emphasizing instead that the company's purchases are accelerating. In a recent interview with CNBC, Saylor stated that Strategy is continuing to add to its substantial Bitcoin stockpile, valued at approximately $62.3 billion, regardless of Bitcoin's recent price drops below $100,000. He asserted that the company has an insatiable appetite for Bitcoin, suggesting stability even if prices were to plummet by 80%. Despite facing criticism and a 32% drop in its stock over the past month, Saylor remains confident in the company’s financial stability and its ongoing investment strategy. He mentioned that only 'OG holders' had realized profits as Bitcoin approached the $100,000 mark, highlighting that Strategy remains focused on acquiring more Bitcoin. The company is issuing preferred shares to raise funds for further purchases, with a latest estimate indicating a market cap of around $71 billion. Saylor believes that the recent drop in Bitcoin prices serves as a base for future growth, reinforcing the firm’s commitment to acquiring Bitcoin in the long term.

Source 🔗