MicroStrategy CEO Michael Saylor has no plans to sell any Bitcoin (BTC) on the company's balance sheet.
In an interview with Bloomberg TV, Saylor pointed out that spot ETFs have opened the gate for institutional investors to flow into the BTC ecosystem, saying that this type of fund is contributing to the digital transformation of capital.
“Every day, billions of dollars of capital flow from the traditional analog ecosystem into the digital economy.”
michael saylorMicroStrategy CEO
Bitcoin's value, which is currently just over $1 trillion, is comparable to asset classes such as gold, real estate, and even the S&P index, which have market capitalizations many times that of Bitcoin, Saylor said.
Thaler argues that BTC trumps them all.
“We believe that the flow of funds from these asset classes to Bitcoin will continue, because Bitcoin is technically superior to those asset classes and if that is the case. , because there is no reason to sell winners and buy losers.”
michael saylorMicroStrategy CEO
MicroStrategy began purchasing Bitcoin in August 2020 and has been steadily adding to its portfolio. Last month, the company purchased 850 BTC for $37.2 million. After this purchase, MicroStrategy's Bitcoin reserves reached 190,000 BTC. At the time of writing, BTC is trading at $51,800, according to data from CoinMarketCap. The company's assets at current exchange rates are estimated at approximately $9.8 billion.
