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MicroStrategy Will Continue to Buy BTC Despite Current Market Crash

ByLouis Adams

Nov 14, 2022 #Bitcoin
Reading time: < 1 minute

Michael Saylor, CEO of MicroStrategy, has said that the company will not abandon the strategy of buying and accumulating Bitcoin, despite the continued decline in the market.

The price of BTC fell below $16,000 on November 10, near two-year lows.

Saylor has acknowledged that the situation is looking like a roller coaster for digital gold. However, he has recalled that Bitcoin has sunk to levels that are still 33% higher than the levels during his first purchase of MicroStrategy in 2020. The company’s shares have risen 38% over the period, outperforming tech giants like Apple or Amazon.

He has added:

“Our shareholders are on the winning side, which is why we are committed to the buying Bitcoin strategy because it works.”