Michael Saylor: MicroStrategy will continue to hold Bitcoin even in adverse market conditions

MicroStrategy chief Michael Saylor said that in choosing its bitcoin investment strategy the analytics software provider anticipated market volatility. He assured that the company is prepared to continue holding the cryptocurrency.

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When @MicroStrategy adopted a #Bitcoin Strategy, it anticipated volatility and structured its balance sheet so that it could continue to #HODL through adversity. https://t.co/rPSUVPHUVw

— Michael Saylor⚡️ (@saylor) June 14, 2022

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Amid the Bitcoin price crash, the ‘paper’ loss from holding bitcoin exceeded $1 billion.

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Saylor has consistently stressed that the company will continue with its strategy of buying and holding Bitcoin. He is convinced that such a policy will provide the software provider ‘bright future’ over the coming years.

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In March MicroStrategy took out a $205 million loan from Silvergate secured by its own crypto assets to purchase cryptocurrency.

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The MicroStrategy chief previously said that Bitcoin’s price would have to fall below $3,562 for the company to lack sufficient digital assets to secure its loans.

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In June Saylor said that short-term volatility of Bitcoin did not matter, describing the leading cryptocurrency the most reliable thing in a very unstable world.

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