MicroStrategy CEO Michael Saylor has declared that the company has no intentions of selling any of its Bitcoin holdings, emphasizing the digital currency‘s superiority over traditional assets in an interview with Bloomberg TV.
Saylor highlighted the impact of Spot ETFs (Exchange-Traded Funds) on facilitating institutional capital inflows into the Bitcoin ecosystem. According to him, this trend represents a significant step in the digital transformation of capital, with hundreds of millions of dollars shifting from traditional analog systems to the digital economy daily.
With Bitcoin’s current valuation surpassing a trillion dollars, Saylor asserted its competitive position against asset classes like gold, real estate, and the S&P index, all of which have significantly larger market capitalizations. In Saylor’s view, Bitcoin outperforms these alternatives.
“We believe capital is going to keep flowing from those asset classes into Bitcoin because Bitcoin is technically superior to those asset classes, and that being the case, there’s just no reason to sell the winner and to buy the losers,” stated Michael Saylor.
MicroStrategy initiated its Bitcoin acquisitions in August 2020 and has consistently expanded its portfolio since then. In the recent month, the company acquired an additional 850 BTC for $37.2 million, bringing its total Bitcoin reserves to 190,000 BTC. With Bitcoin trading at $51,800 at the time of the interview, MicroStrategy’s estimated assets, based on the current exchange rate, stand at approximately $9.8 billion. Saylor’s commitment to holding Bitcoin underscores the company’s belief in the cryptocurrency’s long-term potential and technical superiority compared to traditional assets.
