The head of MicroStrategy, Michael Saylor, said that when choosing a strategy for investing in bitcoin, the provider of analyticalThe software anticipated volatility in the market. He assured that the company is ready to keep the cryptocurrency further.
According to Saylor, MicroStrategy initially allocated its assets in such a way as to continue to hodl even in "unfavorable conditions" in the market.
The company keeps 129,218 BTC in reserves. At the time of writing, they are valued at $2.7 billion.
Against the backdrop of the collapse in the price of the first cryptocurrency, MicroStrategy’s “paper” loss from held bitcoins exceeded $1 billion.
As a reminder, Sailor constantly emphasizes thatthe company will continue to follow the strategy of buying and holding bitcoin. He is convinced that such a policy will provide the software vendor with a "bright future" for the coming years.
The head of MicroStrategy has previously said that the price of bitcoin needs to fall below $3,562 so that the company does not have enough digital assets to secure loans.
In June, Saylor said Bitcoin's short-term volatility doesn't matter and called the first cryptocurrency "the most reliable thing in a very volatile world."
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