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No, MicroStrategy Not Selling 10 Billion Shares to Buy Bitcoin
In a recent interview, Michael Saylor, the CEO of MicroStrategy, defended his company’s strategy of buying and holding onto Bitcoin. He emphasized that they have multiple capital extension strategies and additional levers to win in the broader market.
This statement comes as a response to previous reports suggesting that the company may be planning to sell 10 billion shares to buy more Bitcoin. However, Saylor has made it clear that this is not the case.
As previously reported by U.Today, MicroStrategy’s Saylor Pitched $600 Million Bitcoin Buy to Jeff Bezos.
The company, which owns over 129k BTC, has consistently demonstrated its commitment to long-term investment in Bitcoin. It appears that their strategy remains unchanged, despite market fluctuations and bearish sentiment.
Park highlighted that investors should avoid being bearish with MSTR every time the price of Bitcoin drops. He emphasized the importance of a long-term approach, aligning with MicroStrategy’s stance.
In related news, Ripple CTO David Schwartz made key clarifications on staking, highlighting the security benefits for both validators and users.
As of this writing, the BTC price is up by 3.95% at $97,548 in a surprising market rebound.
It is crucial for investors to remain informed about MicroStrategy’s strategy, particularly with the company’s large holding of Bitcoin.
Source: u.today
