MicroStrategy’s head is ready to hold BTC despite drop in its value
According to Michael Saylor, he is not afraid of the decline in the value of the first cryptocurrency from $69 000 to $ 40 000
20.01.2022 - 12:35
600
1 min
0
What’s new? MicroStrategy’s head Michael Saylor stated that he has no intention of abandoning his strategy of buying and holding BTC. He said this in a commentary to the Bloomberg agency.
Material on the Bloomberg website
What did Saylor say? According to the businessman, he is not afraid of the drop in the value of the first cryptocurrency from $69 000 to $40 000. He added that “the best defense against inflation is BTC.” Therefore, as a cryptocurrency holder, he is not frightened by skyrocketing consumer prices in the United States.
“I do not really think we could do anything better [...] than to convert our balance sheet into bitcoin,” Saylor pointed out.
How much BTC does MicroStrategy hold? The company is the largest cryptocurrency holder among public companies. It is now known to hold 124 391 BTC worth more than $5,2 billion. MicroStrategy last reported a bitcoin purchase in early December. At that time, it purchased 1400 BTC worth $82,4 million.
Useful material?
Telegram 
Twitter Incidents
The search, the reason for which was not announced, took place a week after the election, the results of which Polymarket users predicted quite accurately
Nov 14, 2024
Market
Analysts point to the growing popularity of the first cryptocurrency as a safe haven asset
Nov 13, 2024
Market
The product will begin trading on the Swiss Exchange on November 19
Nov 12, 2024
Market
The company’s unrealized profits from investing in the first cryptocurrency approached $13 billion
Nov 12, 2024
Market
The company predicts that the rate of the first cryptocurrency will grow to $200 000 by the end of next year
Nov 11, 2024
Technologies
The company also unveiled its own blockchain adoption index
Nov 11, 2024
Cryptocurrency rates
-
Bitcoin
$90 465
BTC
+0.8%
-
Ethereum
$3 113.38
ETH
+2.03%
-
BNB Smart Chain
$579.4
BSC
+1.23%
-
Ripple
$1.12
XRP
+5.69%
-
Dogecoin
$0.370101
DOGE
+6.5%
-
Cardano
$0.730609
ADA
+3.67%
-
Bitcoin Cash
$445.49
BCH
-0.31%
-
Polkadot
$5.71
DOT
+1.43%
-
Litecoin
$90.36
LTC
+0.2%
-
Stellar XLM
$0.221671
XLM
+12.24%