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MicroStrategy Does Not Plan to Abandon its BTC Accumulation Strategy

ByLouis Adams

Apr 26, 2022 #Bitcoin
Reading time: < 1 minute

Software company MicroStrategy will continue to buy Bitcoins and bet on long-term accumulation of the cryptocurrency, according to the giant’s financial statements prepared for its shareholders.

MicroStrategy CEO Michael Saylor has said that not only will his company not abandon its investments in bitcoin, but also plans to build up reserves in the asset in the near future.

He has said:

A strategy to hold reserves in Bitcoin was launched in 2020, and that’s just the beginning. MicroStrategy is already on the list of major public companies that are investing in Bitcoin. MicroStrategy’s wallets hold 129,218 BTC worth a total of $3.97 billion at an average exchange rate of $30,700.

Saylor has recalled that last year the software company implemented several large Bitcoin acquisitions.