MicroStrategy CEO Says Company Could Sell Recently-Acquired Bitcoin Anytime — Here’s Why

MicroStrategy CEO Says Company Could Sell Recently-Acquired Bitcoin Anytime — Here’s Why
фото показано с : zycrypto.com

2020-9-25 12:18

MicroStrategy recently rocked the crypto world with its blockbuster bitcoin purchase. The Delaware-based software company indicated that bitcoin was a suitable store of value that has a “more long-term appreciation potential than holding cash.”

But despite the company’s massive bitcoin bet, the CEO, Michael Saylor maintains that he’s no crypto fanatic. This means the company can liquidate the BTC it currently owns anytime they see fit. 

Why MicroStrategy Could Easily Dump Its BTC Holdings

In an interview with Bloomberg on September 22, MicroStrategy CEO noted that he was prompted to convert the firm’s cash holdings to bitcoin by the FED’s decision to let inflation run hot. He reiterated his belief that bitcoin is less risky than holding cash or even gold.

However, he stated that his company would not hesitate to sell the cryptocurrency at any time if bond yields skyrocket.

“We can liquidate it any day of the week, any hour of the day. If I needed to liquidate $200 million of Bitcoin, I believe I could do it on a Saturday. If I took a haircut, I believe it would be 2%.”

Unfortunately, bitcoin has plummeted ever since the company acquired it. Saylor, however, clarified that they are not planning to sell in the foreseeable future, despite the asset’s wild volatility. He posited: “Volatility isn’t really a reason to sell. Right now this is the only thing we can find with a positive real yield.”

More Companies Will Soon Jump On The Bitcoin Bandwagon

Worth mentioning that after Saylor announced the purchase of another $175 million worth of bitcoin, the company’s stocks surged nearly 10%. Additionally, during his interview with Bloomberg, he revealed that he had discussions with the large shareholders and a majority of them complimented his decision to invest in the flagship cryptocurrency.

Saylor further forecasted that other companies will follow in their footsteps and buy bitcoin in the near future.

“It will probably be private companies first because they don’t have as much inertia. The public companies our size, then mid-sized companies.”

Similar to Notcoin - Blum - Airdrops In 2024

origin »

Bitcoin (BTC) на Currencies.ru

$ 68790.35 (-0.08%)
Объем 24H $41.347b
Изменеия 24h: -0.08 %, 7d: -3.62 %
Cегодня L: $66916.68 - H: $68910.37
Капитализация $1360.443b Rank 1
Цена в час новости $ 10709.58 (542.33%)

bitcoin company microstrategy store indicated value suitable

Источник: zycrypto.com

bitcoin company → Результатов: 126


Фото:

Fundstrat’s Tom Lee On Why Bitcoin Can Exit The Year Over $100k Despite Being In The “Penalty Box”

It has been a bloody period for Bitcoin after the crypto started experienced some market troubles after reaching a new all-time high above $65k. The decision of Tesla to suspend bitcoin payments and the company’s CEO Elon Musk tweeting against Bitcoin’s power consumption while supporting Dogecoin have added to the pressure. As a result, BTC’s […]

2021-5-26 20:15


Фото:

MicroStrategy CEO Calls Bitcoin The ‘World’s Best Collateral’, Says Company Will HODL Its BTC For 100 Years

Michael Saylor, the CEO of business intelligence firm MicroStrategy, continues to publicly speak about bitcoin after his company made a mega $425 million bitcoin purchase. In a live interview on Wednesday with Real Vision CEO Raoul Pal, Saylor called bitcoin the “world’s best collateral”, and said his company is planning to hold the asset for […]

2020-10-25 01:01


Another Company Goes All-in In Bitcoin; ‘A Much Better Alternative To Saving Cash’

After billionaire investor Paul Tudor Jones and MicroStrategy, now a small company, a restaurant called Tahinis that specializes in middle eastern cuisine has jumped into Bitcoin. The company took to its Twitter account to share that they have converted their “entire” cash reserves, originally used as savings, into Bitcoin.

2020-8-19 19:01


Billion Dollar Publicly-traded MicroStrategy Buys 21,454 Bitcoin as a Reserve Asset

MicroStrategy is now taking a deep dive into the world of bitcoin. The $1.2 billion Nasdaq listed software company has officially announced its position in the largest digital asset. A fortnight after announcing to invest in bitcoin as an inflation hedge, the company has purchased 21,454 BTC at an aggregate price of $250 million, inclusive […]

2020-8-11 18:21


Фото:

Норвежская разведка проверит российских майнеров из-за близости к полигону НАТО

Российская компания New Mining Company вложила миллиард крон или около 125 миллионов долларов в создание крупного центра по добыче криптовалют в Норвегии. Инициативой заинтересовалась местная разведка — ферма расположится в нескольких километрах от места, где пройдут масштабные учения НАТО.

2018-6-13 11:00


Institutional Investors Move to Bitcoin ‘Inevitable,’ Says Wall Street’s ‘Crypto King’

‘Wall Street’s Crypto King’ Bart Smith is expecting institutional investors to move into the cryptocurrency market once regulations are clarified. Institutions Need Regulatory Certainty Smith runs the investment firm Susquehanna International Group which started investing in Bitcoin in 2014 and expanded in 2017 during the crypto boom.

2018-6-12 02:00


HEAT Ledger has Announced the Release of their Ethereum Heatwallet

Bitcoin Press Release: Scalable HEAT crypto platform and decentralized token exchange company Heat Ledger has announced the release of their Ethereum Heatwallet. June 5, 2018, Finland – This exciting release brings Heatwallet users the added flexibility for transferring Ethereum and viewing ERC20 assets and access to the custom tools and the functionality of the Heatwallet […] The post HEAT Ledger has Announced the Release of their Ethereum Heatwallet appeared first on Bitcoin PR Buzz.

2018-6-11 15:56

дальше еще 77 новостей →

Партнеры Currencies.ru

Аналог Notcoin - Blum - Играй и зарабатывай Монеты



Реклама на Currencies.ru

Самое свежее на Currencies.ru

Bitcoin Price Takes a Sharp Dip: Is This Just a Correction?

Bitcoin price is correcting gains from the $73,500 zone. BTC is back below the $70,000 level and showing a few bearish signs. Bitcoin started a fresh decline from the $73,500 zone. The price is trading below $71,500 and the 100 hourly Simple moving average.

Bitcoin Price Nears All-Time High: Can It Push Past the Mark?

Bitcoin price is rallying above the $72,000 zone. BTC is up over 5% and it could soon aim for a new all-time high above $73,500. Bitcoin started a fresh increase above the $70,000 zone. The price is trading above $70,500 and the 100 hourly Simple moving average.

Bitcoin Price Rallies Above $70K: Is a New High Within Reach?

Bitcoin price is rallying above the $70,000 zone. BTC is up over 5% and it could soon aim for a move above the $72,000 resistance zone. Bitcoin started a fresh increase above the $68,000 zone. The price is trading above $70,000 and the 100 hourly Simple moving average.

Bitcoin Price Targets Gradual Rise: Will the Uptrend Hold?

Bitcoin price is attempting a fresh increase above the $67,000 zone. BTC could gain pace if it clears the $68,750 resistance zone. Bitcoin started a fresh increase from the $65,500 zone. The price is trading above $67,200 and the 100 hourly Simple moving average.

Bitcoin Price Eyes Further Gains: Can It Keep Climbing?

Bitcoin price is attempting a fresh increase above the $37,000 zone. BTC could gain pace if it clears the $68,800 resistance zone. Bitcoin started a fresh increase from the $65,200 zone. The price is trading above $67,500 and the 100 hourly Simple moving average.

Bitcoin Price Could Reignite Uptrend: Is a New Surge Coming?

Bitcoin price tested the $65,200 zone before the bulls appeared. BTC is now rising and aiming for more upsides above the $67,500 resistance. Bitcoin extended losses and tested the $65,200 zone. The price is trading below $67,500 and the 100 hourly Simple moving average.