On March 12, Michael Saylor, CEO of MicroStrategy, announced that the company had amassed another 362 bitcoins, worth $ 15 million, which added to its huge BTC treasury. At the moment, Saylor and MicroStrategy have shown the market that they consider the price of the dollar against bitcoin to be irrelevant: they will accumulate bitcoin at any price.
The strategy behind this fever buildup is really simple. Saylor has expressed that he believes that the best way forward for the company is to do nothing more than focus on its strengths: sell business intelligence software, reap the benefits and store value. simply not in dollars.
In an interview late last year, CNBC host Melissa Lee asked Saylor the question “Are you a software company or a bitcoin hedge fund?” Saylor responded decisively.
“We have a software company that generates cash, but if we simply swept the cash in fiat currency and allowed it to decrease to 15% per year, we would lose as much on the balance sheet as we generated with the P&L, that made no sense,” he replied.[Bitcoin] it seems to emerge as the main treasure reserve asset for people looking for some way to avoid high monetary inflation ”.
Despite having more than 90,000 BTC, MicroStrategy continues to buy between $ 10 million and $ 15 million. Earlier this month alone, the company announced purchases of 328 BTC for $ 15 million on March 1, 205 BTC for $ 10 million on March 5, and more recently, 362 BTC for $ 15 million. dollars on March 12th.
When one of the largest publicly known bitcoin holders in the world continues to accumulate as many absolutely scarce monetary assets as possible in the world, the question arises: