MicroStrategy To Continue Purchasing Bitcoin, States CEO Michael Saylor - BitcoinEthereumNews.com
After purchasing significant amounts of BTC in recent months, it looks like MicroStrategy is in no mood to rein in its splurge, with CEO Michael Saylor stating that the company intends to pursue its reserve assets strategy. BTC Splurge To Continue What does MicroStrategy‘s intent to continue its reserve asset strategy mean? It means that the firm will not be taking a break from buying and hodling Bitcoin anytime soon. MicroStrategy’s CEO Michael Saylor outlined this intent in a letter addressed to investors. According to data from Bitcoin Treasuries, माइक्रोस्ट्रेटी is the world‘s largest single wallet holder of BTC, currently in possession of 129,218 BTC. Currently, MicroStrategy’s BTC holdings value is around $5.1 billion, after the firm bought a further 4197 more BTC on the 5th of April. Compared to MicroStrategys holdings, Tesla, the second-largest holder of BTC, owns around 43,200 BTC, valued at around $1.7 billion. A Significant Profit Saylor praised MicroStrategy for being an early mover in adding BTC to its treasury in the companys 2022 Proxy Statement, which it had filed with the SEC on the 14th of April. He further stated that adding BTC to its holdings added significant value to customers and shareholders. Saylor further stated in the letter