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
77
1 min
0
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.
Useful material?
Telegram 
Twitter Incidents
The attacker conducted a flash loan attack by exploiting vulnerabilities in the protocol.
Jul 21, 2023
Market
The former CEO of the exchange discussed building a bunker and conducting genetic experiments with his younger brother
Jul 21, 2023
Incidents
Hayden Adams restored the account nine hours later
Jul 21, 2023
Market
Chainlink CEO Sergey Nazarov predicted the growth of the blockchain industry by trillions of dollars
Jul 20, 2023
Market
The company stopped accepting bitcoin payments in May 2021
Jul 20, 2023
Politics
The bill is designed “to fight the rise in crypto-facilitated crime”
Jul 20, 2023
Cryptocurrency rates
-
Bitcoin
$27 231
BTC
+3.59%
-
Ethereum
$1 664.13
ETH
+3.97%
-
BNB Smart Chain
$216.41
BSC
+1.8%
-
Ripple
$0.5094
XRP
+1.45%
-
Cardano
$0.2503
ADA
+2.53%
-
Dogecoin
$0.0617
DOGE
+1.7%
-
Polkadot
$4.09
DOT
+2.16%
-
Litecoin
$65.41
LTC
+2.74%
-
Bitcoin Cash
$243.63
BCH
+5.78%
-
Stellar XLM
$0.1144
XLM
+1.49%