MicroStrategy CEO, Michael Saylor, Shares His Definitive Plan for Exiting Bitcoin Investments

In a recent interview with Bloomberg TV, Michael Saylor, the CEO of MicroStrategy, expressed his unwavering commitment to Bitcoin, proclaiming it as the ultimate “exit strategy” and dismissing any intentions of selling the company’s substantial Bitcoin holdings.

MicroStrategy currently holds 190,000 bitcoins, which were acquired at an average cost of $31,224 per coin. With Bitcoin’s current trading price at around $52,275.60, the company’s holdings are now valued at approximately $10 billion, resulting in a significant profit of $4 billion.

Despite the substantial profits, Saylor emphasizes that “Bitcoin is the exit strategy,” highlighting its superiority over traditional assets such as gold, real estate, and the S&P index.

During the Bloomberg TV interview, Saylor reiterated his willingness to continue “buying Bitcoin forever,” firmly believing in its store of value properties and its potential as a hedge against inflation.

MicroStrategy embarked on its Bitcoin accumulation journey in August 2020 and has consistently expanded its portfolio. The recent purchase of 850 BTC for $37.5 million demonstrates Saylor’s dedication, with a cost basis of $31,464.74 and an unrealized profit of $3.505 billion.

In a bold move, the company rebranded itself as a “bitcoin development company” in its fourth-quarter (Q4 2023) earnings report, underscoring its commitment to Bitcoin. This strategic approach has led to an 11.8% surge in MicroStrategy shares year-to-date, reflecting investor confidence in Saylor’s vision.

Saylor states, “We will develop software, generate cash flow, leverage the capital markets, all to accumulate more Bitcoin.”

Meanwhile, the company’s share price has skyrocketed by 466% since August 2020, surpassing major assets like the S&P 500, Nasdaq, and even Bitcoin stocks. This success reinforces Saylor’s decision to bulk buy Bitcoin despite initial doubts. He firmly believes that “There’s just no reason to sell the winner and to buy the losers.”

Saylor also predicts that the approval of spot ETFs will lead to significant capital inflows into Bitcoin and other digital assets, further accelerating institutional adoption.

Tags: Bitcoin