Bitcoin-Related Statements: MicroStrategy CEO Defends Buying and Holding Cryptocurrency
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No, MicroStrategy Not Selling 10 Billion Shares to Buy Bitcoin
MicroStrategy’s CEO Michael Saylor has defended the company’s decision to buy and hold bitcoin despite criticism. He highlighted that the firm has multiple capital extension strategies and additional levers to win in the broader market.
As reported by U.Today, Park highlighted that MicroStrategy has multiple capital extension strategies and additional levers to win in the broader market. This aligns with a U.Today report, where Adam Back, Blockstream CEO, maintains that MicroStrategy’s shares are undervalued.
Furthermore, Park emphasized that investors need to avoid being bearish with MSTR every time the price of Bitcoin drops. As of this writing, the BTC price was trading up by 3.95% at $97,548 in a surprising market rebound.
It is essential for investors to have a long-term view and not let short-term market fluctuations dictate their decisions.
Source: u.today
