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Crucial Bitcoin Revelation Made by Michael Saylor: “We Are All Competing” for This
In a recent statement, MicroStrategy’s CEO, Michael Saylor, has shed light on the current market dynamics. He emphasized that all companies are in fact competing to acquire as much Bitcoin as possible.
Saylor stated that the company is not looking to sell its Bitcoin holdings anytime soon, and instead, will continue to accumulate more of it. He highlighted that MicroStrategy’s recent increase in Bitcoin reserves was mainly due to the company issuing senior convertible notes, which allowed them to raise billions of dollars for further acquisitions.
The statement came as a surprise to many, as some were expecting the company to offload their holdings and make a profit. However, Saylor’s words demonstrate that MicroStrategy remains committed to its long-term vision of holding onto Bitcoin and growing its reserves over time.
As a result, it appears that the competition for acquiring this highly sought-after asset has escalated significantly. As a leading player in the space, MicroStrategy is not only competing with other companies but also attempting to outdo them by acquiring more Bitcoin.
In light of these developments, it will be crucial to monitor the market and keep an eye on Saylor’s statements for any potential insights into his company’s future plans and intentions.
Source: u.today
