Although the value of Bitcoin has fallen significantly in recent months, MicroStrategy intends to continue investing in the digital asset, despite a recommendation by the U.S. securities agency to amend the company’s disclosure in future filings.
The software business is one of a small group of corporations that have invested in Bitcoin, including automaker Tesla and payment giant Square, which recently rebranded as Block.
“Our strategy with Bitcoin has been to buy and hold, so to the extent, we have excess cash flows, or we find other ways to raise money, we continue to put it into Bitcoin,” said Chief Financial Officer Phong Le, according to a report in The Wall Street Journal on Tuesday, January 25.
