What’s In Store For MicroStrategy Going Forward? CEO Michael Saylor Reveals
January 14 2022 - 6:00PM
NEWSBTC
MicroStrategy has been topping its bitcoin holdings in the last
year and is now the public company with the largest bitcoin
holdings in the world. Presently, the firm holds over 124K BTC on
its balance sheet, worth over $5 billion, remaining in profit
despite the recent downtrend. However, with such a large holding,
one tends to wonder what the company plans to do with the digital
asset in the future. Bitcoin Is Unstoppable MicroStrategy CEO
Michael Saylor was on CNBC to talk about the future of the firm
which had made a name for itself due to its various bitcoin buys.
Saylor who is a big proponent of the digital asset and a BTC
maximalist talked about what the firm had planned for the future,
as well as what it planned to do with its bitcoin holdings going
forward. Related Reading | Bitcoin Is Massively Overvalued,
Billionaire ’Bond King’ Jeff Gundlach The CEO starts out by
explaining that he remains a strong supporter of bitcoin, which he
refers to as “compelling and unstoppable.” This has previously been
highlighted at various times by Saylor with his public support for
the digital asset. At every possible moment, the CEO has said that
bitcoin is the answer to major problems like inflation and is the
leading digital property. On the topic of regulation, Saylor
explains that he believes that regulation would, in the end, be
beneficial for the digital asset. “The regulatory clarity is going
to accelerate institutional adoption of bitcoin and you’re going to
see large flows of capital enter the asset class as this
continues,” the CEO said. BTC trending at $43K | Source: BTCUSD on
TradingView.com What MicroStrategy Has Planned For The Future As
for MicroStrategy’s plan for the future, the CEO explained that the
company will continue to operate as it always has. The company
which sells enterprise software has been very profitable so far.
With its bitcoin plan, it has seen an uptick in profitability and
its stock is up by a factor of four, according to Saylor. Related
Reading | Why Sovereign Nation States May Begin Acquiring
Bitcoin In 2022 “Look, our long term strategy is kind of like
Harvard University. We’re running a university but we have an
endowment. MicroStrategy is selling enterprise software. We
generate $100 million in cash flow a year – in a good year – and we
are reinvesting that cash in our endowment. Our endowment is 100%
bitcoin.” Saylor adds that MicroStrategy plans to acquire and hold
bitcoin as a balance sheet. As for the operations, the company will
continue to sell its enterprise software everywhere in the world.
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