TLDR Crypto · MISCELLANEOUS

MICHAEL SAYLOR NOT INTERESTED IN SELLING: ‘BITCOIN IS THE EXIT STRATEGY'

coindesk.com2 min read

Summary from the TLDR Crypto newsletter

MicroStrategy's Executive Chairman Michael Saylor declared the company has no intentions of selling its bitcoin, even though it is sitting on a nearly $4 billion unrealized profit, as he considers it to be a superior asset compared to gold, real estate, and the S&P. Saylor says there is no reason to sell a winning asset. After being ridiculed throughout the bear market for being underwater on his purchases, his view has been vindicated by the entrance of institutional capital into the bitcoin ecosystem via spot ETFs.