Michael SaylorCEO of MicroStrategy, said at the Bitcoin Conference 2022 that he is more optimistic than ever about Bitcoin. MicroStrategy, one of the largest bitcoin acquisition companies, has accumulated more than 129,218 bitcoins as of April 4, 2022.
His recent purchase was on April 5, 2022, when acquired 4167 BTC for a whopping $194 million. In February, the company had also borrowed $205 million from Silvergate bank to purchase 660 bitcoins.
Taking into account the general purchase history, the acquisition cost is approximately $30,700 per BTC.
Michael Saylor still says that he is more bullish than ever on bitcoin despite the overall market situation. Let’s dive into reason.
MicroStrategy’s long-term bitcoin strategy
Michael Saylor said at the Bitcoin Conference 2022 that “if you look at the last hundred years of history and ask when was the last time the president of the United States ordered the government to adopt a new asset class, the answer is never.”
So I think Bitcoin should be taking a victory lap because of what has happened here in the last few weeks in the US government.
He added to his conversation that a year ago, the government considered that Bitcoin it was an Eastern technology, and the government would ban it because they feared it.
Michael believes that in the last 12 months bitcoin has moved west, been adopted and the administration has given Bitcoin the green light. He said that the Congress and Senate are enthusiastically cracking Bitcoin.
“There is a bit of maneuvering about who can be the most pro-bitcoin politician.”
He ended the conversation by saying that “momentum is clearly behind bitcoin.”
The statement is pretty clear as MicroStrategy’s bitcoin strategy is long-term HODL. The company wants to be at the forefront when the technology is adopted globally and does not want to be left behind. Saylor appears to be quite stern in his bitcoin decision even through the ups and downs.
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