MicroStrategy’s CEO Addresses Market Speculation Surrounding Company’s Investment Strategy
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Title: No, MicroStrategy Not Selling 10 Billion Shares to Buy Bitcoin
MicroStrategy’s CEO Michael Saylor has recently defended the company’s decision to buy and hold Bitcoin (BTC), despite recent market fluctuations. In a statement, he emphasized that the firm has multiple capital extension strategies and additional levers to win in the broader market.
This aligns with previous reports from U.Today, where Adam Back, Blockstream CEO, maintained that MicroStrategy’s shares are undervalued, urging investors not to be bearish towards MSTR whenever the price of Bitcoin drops. The surprising market rebound saw BTC trade up by 3.95% and settle at $97,548.
Saylor’s stance is crucial in light of recent speculation suggesting MicroStrategy might sell off 10 billion shares to buy more Bitcoin. However, it appears this claim has been debunked, as the CEO remains committed to his strategy.
As such, investors need to avoid being overly bearish towards MSTR every time the price of Bitcoin drops.
Source: u.today
