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Michael Saylor Issues Bitcoin Statement Amid Ongoing Crypto Market Turmoil
In a recent statement, Michael Saylor, the CEO of MicroStrategy, has revealed his thoughts on the ongoing crypto market turmoil. The statement highlights the company’s holding strategy and emphasizes the importance of maintaining a long-term perspective.
According to reports, Saylor indicated that he would sell some Bitcoin (BTC) if the price drops below $62,000. This decision is seen as a bold move in an attempt to take advantage of any potential downward trend.
The statement also highlights Saylor’s and MicroStrategy’s holding strategy, which has been focused on accumulating more BTC over time. The company has reportedly already acquired over 132,500 BTC, worth around $5 billion at the current market price.
Saylor’s decision to potentially sell some BTC comes as no surprise, considering the volatile nature of the crypto market. As a seasoned trader and investor, he is known for his ability to adapt to changing market conditions.
In an effort to maintain a stable position in the market, Saylor also hinted at shifting MicroStrategy’s fundraising approach. The company will reportedly focus on fixed-income markets instead of issuing debt to acquire more BTC.
With this move, Saylor aims to create a more sustainable and less volatile investment strategy for his business, while still maintaining its strong hold on the cryptocurrency.
Source: u.today
