Head of MicroStrategy Calls Company BTC Buying Policy a Success

Innovative strategy for buying and holding Bitcoin will give software provider MicroStrategy “a bright future” for the coming years, as stated by CEO Michael Saylor in a letter to shareholders accompanying the annual report. He has said:

“In 2020, we took bold steps to protect the company, our people, and preserve shareholder value in the face of the COVID-19 pandemic. […] We adopted Bitcoin as the main treasury reserve asset.”

In 2021, MicroStrategy expanded its program to buy the largest crypto. The company began acquiring the asset through equity, debt financing and a portion of profits, Sailor noted. The company CEO has said:

“As of April 14, 2022, MicroStrategy remains the largest holder of Bitcoin among public companies. MicroStrategy, together with its affiliates, owns 129,218 BTC, purchased for $3.97 Billion at an average price of about $30,700.”

According to him, the company’s cryptocurrency strategy is not increased its value, but also led to greater recognition, helping to attract customers.