
Michael Saylor, co-founder of MicroStrategy, has reiterated his bullish stance on Bitcoin, claiming that no investor has ever lost money over a four-year period of holding the cryptocurrency. During recent statements, he emphasized the importance of a long-term investment strategy, quoting Warren Buffett: "If you can’t hold it for ten years, you don’t deserve to have it for ten minutes." MicroStrategy's Bitcoin investments have reportedly generated over $10 billion in profits since the company began purchasing the cryptocurrency. Saylor has consistently bought Bitcoin for more than four years, accumulating a total value of over $20 billion. He advocates for a dollar-cost averaging strategy and holding Bitcoin indefinitely. Additionally, Saylor is preparing to raise $2.5 billion, which follows a significant inflow of $1.3 billion in Bitcoin purchases by the company. Following these developments, MicroStrategy's stock has seen a notable increase, with reports indicating a 17% rise in value on the day of the announcement.
Michael Saylor (@saylor): Bitcoin is Becoming a Permanent Asset Class 🔥 https://t.co/2wY5xDhlH0
Saylor issues out another 2B worth of stock and MSTR is up 17% on the day? thats what we call a bullish unlock https://t.co/rlQDMk7ALt https://t.co/Hwx6gWMxhB
Whichever exec at MSTR came up with the term BTC yield definitely needs a big raise. Talk about bids though. We had a 1.3B of BTC inflows on Thursday and now Saylor announces he added another 2B himself. Only 21M BTC. https://t.co/bFn42VnXoL



