No Reason To Sell The Winner


MicroStrategy — a business intelligence software firm — became the first publicly traded company to start scooping up Bitcoin in 2020. 

The 190,000 BTC it held as of the fourth quarter of 2023 cost an average of $31,224 each, bringing MicroStrategy’s total investment cost to $5.93 billion.

United States-based spot Bitcoin exchange-traded funds (ETFs), excluding the Grayscale Bitcoin Trust (GBTC), hold an estimated 270,000 BTC as of Friday, Feb. 16.

"I’m going to be buying the top forever. Bitcoin is the exit strategy."

"(Bitcoin) is “technically superior” to gold, the S&P 500 and real estate, despite each asset class having a far greater market capitalization than Bitcoin’s $1 trillion."

"And that being the case, there’s just no reason to sell the winner to buy the losers."

"The spot ETFs have opened up a gateway for institutional capital to flow into the Bitcoin ecosystem."

"They’re facilitating the digital transformation of capital, and every day, hundreds of millions of dollars of capital is flowing from the traditional analog ecosystem into the digital economy."

"This is a rising tide. It’s going to lift all boats." ~ Michael Saylor.


You gotta be in the water before the wave come. Make sure you got the surf board and a good skill to ride the tide when the time comes. ~ How Tze

https://cointelegraph.com/news/michael-saylor-buy-bitcoin-forever-no-reason-sell



MicroStrategy currently holds 190,000 BTC at an average purchase price of $31,224 — meaning the firm is up $3.9 billion on its investment.

It comes as the firm’s founder and chairman, Michael Saylor, revealed MicroStrategy is transitioning from a business intelligence firm to a “Bitcoin development firm” on Feb. 9.


 

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