MicroStrategy to maintain its diamond hands despite Bitcoin price threatening to crash further

Michael Saylor revealed that his company was not going to sell any of its Bitcoin holdings. The executive disclosed this in a virtual interview with Bloomberg’s Studio 1.0.

Despite the nearly three-month correction, Michael Saylor stated that his company’s plans for Bitcoin acquisition would not change. He noted that with the right time horizon, Bitcoin holders would see value appreciation.

“If you are going to invest in Bitcoin, a short time horizon is four years, a mid-time horizon is 10 years, and the right time horizon is forever…given the right time horizon, you are fine.” 

Saylor emphasized that even if the bears enjoyed enduring dominance, MicroStrategy would maintain its diamond hands. He maintains that he remains bullish on the digital asset and that the firm would not be making a U-turn on its Bitcoin acquisition plan that has already seen it purchase over $5 billion worth of the asset considering current exchange rates. Saylor said, “Never. No. We’re not sellers. We’re only acquiring and holding Bitcoin, right? That’s our strategy.”

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