Lens1000
VIP Contributor
MicroStrategy has been increasing its bitcoin holdings over the last year and is currently the world's largest public corporation in terms of bitcoin ownership. Despite the recent slump, the company currently holds over 124K BTC on its balance sheet, valued at over $5 billion, and is profitable. With such a big holding, though, one may wonder what the firm plans to do with the digital asset in the future.
Bitcoin Is Invincible
MicroStrategy CEO Michael Saylor appeared on CNBC to discuss the company's future, which has gained notoriety as a result of its many bitcoin purchases. Saylor, a proponent of the digital asset and a BTC maximalist, discussed what the company has planned for the future.
The CEO begins by stating that he is still a firm believer in bitcoin, which he describes as "compelling and unstoppable." Saylor has previously emphasized this with his public support for the digital asset at numerous times. The CEO has stated repeatedly that bitcoin is the answer to key problems such as inflation and that it is the most valuable digital asset.
On the subject of regulation, Saylor argues that he feels that it will ultimately benefit the digital asset. "As regulatory clarity improves, institutional adoption of bitcoin will accelerate, and substantial volumes of capital will continue to flow into the asset class," the CEO said.
In terms of MicroStrategy's future plans, the CEO stated that the company will continue to function as it has in the past. So far, the corporate software company has been highly profitable. According to Saylor, the company's profitability has increased as a result of their bitcoin strategy, and its stock has increased by a factor of four.
Bitcoin Is Invincible
MicroStrategy CEO Michael Saylor appeared on CNBC to discuss the company's future, which has gained notoriety as a result of its many bitcoin purchases. Saylor, a proponent of the digital asset and a BTC maximalist, discussed what the company has planned for the future.
The CEO begins by stating that he is still a firm believer in bitcoin, which he describes as "compelling and unstoppable." Saylor has previously emphasized this with his public support for the digital asset at numerous times. The CEO has stated repeatedly that bitcoin is the answer to key problems such as inflation and that it is the most valuable digital asset.
On the subject of regulation, Saylor argues that he feels that it will ultimately benefit the digital asset. "As regulatory clarity improves, institutional adoption of bitcoin will accelerate, and substantial volumes of capital will continue to flow into the asset class," the CEO said.
In terms of MicroStrategy's future plans, the CEO stated that the company will continue to function as it has in the past. So far, the corporate software company has been highly profitable. According to Saylor, the company's profitability has increased as a result of their bitcoin strategy, and its stock has increased by a factor of four.
