MicroStrategy will continue buying bitcoin despite exchange rate

This was stated by Phong Le, the company’s CFO, amid a recent drop in the asset’s value

26.01.2022 - 07:55

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1 min

What’s new? The Wall Street Journal (WSJ) website published material on the plans of the investment company MicroStrategy to regularly replenish its bitcoin balance sheet, regardless of the market situation or the stance of the authorities of individual countries.

News source on the WSJ website

What statements MicroStrategy has made? Phong Le, the company’s chief financial officer, has stated that its strategy is to continuously buy the asset. In this, neither the price nor the position of global regulators will be taken into account.

“Our strategy with bitcoin has been to Buy&Hold, so to the extent we have excess cash flows or we find other ways to raise money, we continue to put it into bitcoin.”

Phong Le also stressed that MicroStrategy has no plans to sell the asset anytime soon. Note that the company has 124 391 bitcoins on its balance sheet as of the current date.

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