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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 made it clear that he is not planning to sell his Bitcoin (BTC) holdings. This announcement comes at a time when the crypto market is experiencing significant turmoil.
Saylor’s decision highlights MicroStrategy’s holding strategy, which emphasizes long-term investment over short-term gains. The company has consistently demonstrated its commitment to this approach by accumulating more BTC and other cryptocurrencies in its treasury.
In his statement, Saylor emphasized that MicroStrategy’s goal is to create a diversified portfolio of assets, including cryptocurrencies like Bitcoin. He acknowledged the market volatility but reiterated the company’s confidence in the long-term potential of these assets.
Interestingly, Saylor hinted at changing MicroStrategy’s fundraising approach to incorporate more intelligent leverage. The CEO believes that the company needs more leverage to offset its increasing deleveraged position, which is a result of the recent market conditions.
This announcement should give Bitcoin investors some relief, as it demonstrates that even major players in the space are committed to their long-term vision and will not be swayed by short-term market fluctuations.
Source: u.today
