{"id":56239,"date":"2022-01-20T12:24:59","date_gmt":"2022-01-20T10:24:59","guid":{"rendered":"https:\/\/forklog.com\/en\/?p=56239"},"modified":"2025-09-04T05:24:32","modified_gmt":"2025-09-04T02:24:32","slug":"michael-saylor-confirms-readiness-to-hold-bitcoin-after-40-price-drop","status":"publish","type":"post","link":"https:\/\/forklog.com\/en\/michael-saylor-confirms-readiness-to-hold-bitcoin-after-40-price-drop\/","title":{"rendered":"Michael Saylor confirms readiness to hold Bitcoin after 40% price drop"},"content":{"rendered":"

Michael Saylor, head of analytics software maker MicroStrategy, in a conversation with Bloomberg<\/a> confirmed his commitment to a strategy of buying and holding Bitcoin, despite a 40% decline from its ATH<\/span>.<\/p>\n

\n

“Never. No. We are not sellers.”<\/em>, the top executive said.<\/p>\n<\/blockquote>\n

According to Saylor, he feels “great comfort” amid rapidly rising consumer prices and is not rattled after the drop from $69,000 to $40,000.<\/p>\n

\n

“The best protection against inflation is Bitcoin. I don’t think we could have done anything better […], than moving our reserves into the first cryptocurrency.”<\/em>, he explained.<\/p>\n<\/blockquote>\n

MicroStrategy holds on its balance sheet 124,391 BTC worth more than $5.2 billion at current prices. The company spent about $3.75 billion on the purchases (average price $30,159).<\/p>\n

\n
\"Michael
Data: Bloomberg.<\/figcaption><\/figure>\n<\/div>\n

Bloomberg noted that MicroStrategy’s shares lag Bitcoin’s price action. The agency attributed this to a decline in risk appetite across markets overall.<\/p>\n

\n
\"Michael
Data: Bloomberg.<\/figcaption><\/figure>\n<\/div>\n

In December, Saylor said that the company will explore opportunities for additional earnings<\/a> on its Bitcoin assets.<\/p>\n

Earlier, Fidelity Digital Assets forecasted<\/a> the purchase of the first cryptocurrency by states.<\/p>\n

Subscribe to ForkLog news on VK<\/a>!<\/p>\n","protected":false},"excerpt":{"rendered":"

Michael Saylor, head of analytics software maker MicroStrategy, told Bloomberg that he remains committed to a strategy of buying and holding Bitcoin, despite a 40% drop from its ATH.<\/p>\n","protected":false},"author":1,"featured_media":56240,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"select":"1","news_style_id":"1","cryptorium_level":"","_short_excerpt_text":"","creation_source":"","_metatest_mainpost_news_update":false,"footnotes":""},"categories":[3],"tags":[1658,1208,1207],"class_list":["post-56239","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-news-and-analysis","tag-hodling","tag-michael-saylor","tag-microstrategy"],"aioseo_notices":[],"amp_enabled":true,"views":"17","promo_type":"1","layout_type":"1","short_excerpt":"","is_update":"","_links":{"self":[{"href":"https:\/\/forklog.com\/en\/wp-json\/wp\/v2\/posts\/56239","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/forklog.com\/en\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/forklog.com\/en\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/forklog.com\/en\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/forklog.com\/en\/wp-json\/wp\/v2\/comments?post=56239"}],"version-history":[{"count":1,"href":"https:\/\/forklog.com\/en\/wp-json\/wp\/v2\/posts\/56239\/revisions"}],"predecessor-version":[{"id":56241,"href":"https:\/\/forklog.com\/en\/wp-json\/wp\/v2\/posts\/56239\/revisions\/56241"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/forklog.com\/en\/wp-json\/wp\/v2\/media\/56240"}],"wp:attachment":[{"href":"https:\/\/forklog.com\/en\/wp-json\/wp\/v2\/media?parent=56239"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/forklog.com\/en\/wp-json\/wp\/v2\/categories?post=56239"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/forklog.com\/en\/wp-json\/wp\/v2\/tags?post=56239"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}