The post Michael Saylor Reveals MicroStrategy’s Bitcoin Buying Strategy appeared first on Coinpedia Fintech News

On August 7, 2024, during an interview with Bloomberg michael saylor

michael saylor

Micheal J Saylor is the greatest visionary in the Information Systems industry. An enthusiastic blockchain influencer and a splendid leader. He believes that prudent institutional investors should only consider trusting a crypto-asset network after it has operated reliably for at least ten years without a hard fork.
 

He is an American entrepreneur and business executive,  who co-founded  Microstrategy, a company that provides business intelligence, mobile software, and cloud-based services, under his leadership Microstrategy has grown at a tremendous rate and made a mark in the BI industry, and he is chairman and CEO of the same Microstrategy.  He is a vocal advocate of bitcoin. He is highly skilled in enterprise software, and also has a rich knowledge of numerous fields including analytics, data warehouse, leadership, SaaS, management, cloud computing, startups, professional services, enterprise architecture, mobile devices, and many more.

 
In 1983, he matriculated at the Massachusetts Institute of Technology (MIT) on an air force ROTC scholarship. And then, he joined the Theta delta chi fraternity, through which he met the future co-founder of Microstrategy, Sanju K Bansal. He graduated from MIT in 1987 with a double major in aeronautics, science, technology, and society. He is volunteering at Saylor Academy as a Trustee, which provides free college education to all students worldwide.
 

The way he expertizes himself in Bitcoin, people started calling him the Bitcoin bull, he is the most optimistic person when it comes to Bitcoin. He expects the entrepreneur to keep buying Bitcoin every time it dips. The bitcoin community has begun to rise to the fact that his company might own too much bitcoin. Owning too large a portion of bitcoin could be harmful to the cryptocurrency’s decentralized culture that Bitcoin has so rigorously built over the years. He is still expected to be a principal BTC champion throughout the year. Instructing businesses about Bitcoin potentially through his powerful podcasts and learning courses.  
msaylor@microstrategy.com

EntrepreneurCrypto and Blockchain ExpertAuthor

the executive chairman and founder of microstrategy

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Business Intelligence

said there’s never a bad time to buy Bitcoin (BTC). He also added, “We believe in buying Bitcoin whenever we have cash or whenever we can raise money in the capital market.” 

Micheal Saylor’s words on Bitcoin

Saylor is a pro-Bitcoin, and under his leadership, MicroStrategy has acquired a significant 226,500 BTC, making it one of the largest corporate holders. During the interview, he also said that Bitcoin is very volatile but it is a superior asset compared to any other option the market has. 

Did MicroStrategy Buy Bitcoin in the market crash?

However, when the panelists asked Saylor if he dived in when Bitcoin crashed to $50,000, he answered that they are always buying Bitcoin “quarter by quarter by quarter.” He also added this is a long-term strategy. In July 2024, MicroStrategy added a decent 169 Bitcoin worth more than $11 million. 

Apart from this, Saylor also urged investors and traders to understand that Bitcoin’s volatility is a feature, not a bug. He also noted, 

“Bitcoin is a capital investment you can hold for decades that a corporation, competitor, counterparty, or country can’t take away from you. It’ll create a generational wealth for your family, your corporation, or your country.” 

Micheal Saylor’s personal Bitcoin holding

Along with this, Micheal Saylor also disclosed his personal BTC holding, according to data he currently holds a significant $1 billion worth of Bitcoin. Prior to the market crash, Saylor made a post on X, where he shared “everybody knows the rules” while adding a “BUY BITCOIN” poster, as reported by Coinpedia on August 4, 2024.

At press time, Bitcoin is trading near $55,955 and has experienced a price drop of over 1.5% in the last 24 hours. Due to the massive volatility, its trading volume has dropped by 26%, during the same period.

Also Check Out: Donald Trump Jr’s HUGE Announcement For Crypto; Voices Defi As The Future!

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