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CoinGape 2024-12-11 21:16:06

Michael Saylor Discusses MicroStrategy’s Bitcoin Strategy, $100k Bitcoin & MSTR Stock

Bitcoin recently surpassed the $100,000 mark, drawing attention from institutional investors. Michael Saylor, co-founder and executive chairman of MicroStrategy, discussed his company’s Bitcoin strategy. MicroStrategy holds a significant Bitcoin reserve, positioning it as a long-term asset despite BTC volatility. Saylor reiterated the company’s commitment to continue acquiring Bitcoin. More so, he noted that MicroStrategy’s stock has also performed well, driven by BTC rally. Michael Saylor Explains MicroStrategy’s Bitcoin Strategy as BTC Hits $100K In a recent interview , Michael Saylor provided insights into MicroStrategy’s Bitcoin strategy as the crypto reclaimed the $100,000 level. MicroStrategy, which has made Bitcoin a core part of its financial strategy, holds a total of $42.5 billion in Bitcoin. This has paid off as Bitcoin rise to the $100K mark has boosted MicroStrategy’s stock performance. The company has repeatedly emphasized that Bitcoin is not merely a speculative investment but a strategic asset. Michael Saylor explained that MicroStrategy views Bitcoin as a long-term reserve that offers financial stability. He rejected the idea of selling Bitcoin, explaining that such a move would severely damage the company’s credibility. According to Saylor, selling Bitcoin would erode investor confidence and betray the trust built over years of accumulating the cryptocurrency. Concurrently, Saylor recently explained why he sees Bitcoin as a hedge against inflation and a key asset for long-term wealth preservation. He stresses that despite short-term volatility, Bitcoin’s potential to outpace fiat currencies makes it a powerful long-term investment. Bitcoin $100K Milestone Fuels MicroStrategy’s Stock Growth As Bitcoin surged past $100,000 again, reaching an intraday high of $101,177, MicroStrategy’s stock (MSTR) also experienced growth . Since MicroStrategy holds such a large reserve of Bitcoin, MSTR stock has become sensitive to BTC price fluctuations. For context, MicroStrategy Inc. (MSTR) stock has shown strong performance today, climbing 8.84% to reach $410.69 in the latest trading session. The stock opened at $385.66, hitting an intraday high of $411.88 and a low of $385.50. This increase aligns with Bitcoin’s continued price surge, further reinforcing the connection between MicroStrategy’s stock value and the crypto market. With a market capitalization approaching $2 trillion, BTC rally continues to benefit institutions that have invested in the cryptocurrency. MicroStrategy remains the largest publicly traded corporate holder of Bitcoin, and Michael Saylor has made it clear that the company’s strategy will not change. Adding to the optimistic outlook, recently, Saylor urged the U.S. government to sell its gold reserves and invest in Bitcoin. He suggested this move could establish the U.S. as the world’s leading capital market. Michael Saylor argued that such a shift would devalue gold, forcing rival economies to adopt Bitcoin, and redirecting global capital flows back to the U.S. The post Michael Saylor Discusses MicroStrategy’s Bitcoin Strategy, $100k Bitcoin & MSTR Stock appeared first on CoinGape .

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