{"id":60606,"date":"2022-04-25T18:28:44","date_gmt":"2022-04-25T15:28:44","guid":{"rendered":"https:\/\/forklog.com\/en\/?p=60606"},"modified":"2025-09-05T04:18:18","modified_gmt":"2025-09-05T01:18:18","slug":"microstrategy-chief-says-bitcoin-purchase-policy-has-been-highly-successful","status":"publish","type":"post","link":"https:\/\/u1f987.com\/en\/microstrategy-chief-says-bitcoin-purchase-policy-has-been-highly-successful\/","title":{"rendered":"MicroStrategy chief says Bitcoin purchase policy has been highly successful"},"content":{"rendered":"<p>An innovative strategy for buying and holding Bitcoin will provide MicroStrategy, a software provider, with a \u201cbright future\u201d for the coming years. This was stated by CEO Michael Saylor in a <a href=\"https:\/\/www.microstrategy.com\/content\/dam\/website-assets\/collateral\/financial-documents\/financial-document-archive\/2021-annual-report.pdf\">letter<\/a> to shareholders accompanying the annual report.<\/p>\n<blockquote class=\"wp-block-quote is-layout-flow wp-block-quote-is-layout-flow\">\n<p>\u201cIn 2020 we took bold steps to protect the company, our people and preserve shareholder value in the face of the COVID-19 pandemic. [\u2026] <a href=\"https:\/\/u1f987.com\/en\/news\/microstrategy-bets-another-175-million-on-bitcoin\">We adopted Bitcoin<\/a> as the primary treasury reserve asset,\u201d he recalled.<\/p>\n<\/blockquote>\n<p>In 2021 MicroStrategy expanded its bitcoin purchase program. The company began acquiring the asset using equity, <a href=\"https:\/\/u1f987.com\/en\/news\/microstrategy-raises-more-than-1-billion-in-debt-financing-to-buy-bitcoin\">debt financing<\/a> and a portion of profits, said Saylor.<\/p>\n<blockquote class=\"wp-block-quote is-layout-flow wp-block-quote-is-layout-flow\">\n<p>\u201cAs of April 14, 2022, MicroStrategy remains the largest holder of Bitcoin among public companies. MicroStrategy, together with its subsidiaries, owns 129,218 BTC, acquired for $3.97 billion at an average price of about $30,700,\u201d the head of the firm said.<\/p>\n<\/blockquote>\n<p>According to him, the cryptocurrency strategy has not only increased its value but also raised its profile, helping to attract customers.<\/p>\n<blockquote class=\"wp-block-quote is-layout-flow wp-block-quote-is-layout-flow\">\n<p>\u201cWe continue to innovate and deliver superior technologies. We intend to capitalise on several market trends in the analytics industry that we believe will deliver exceptional value for our customers. The Bitcoin-buying-and-holding strategy continues to lift our brand and accelerate our mission,\u201d emphasised Saylor.<\/p>\n<\/blockquote>\n<p>Earlier in 2022, the head of the company affirmed <a href=\"https:\/\/u1f987.com\/en\/news\/michael-saylor-confirms-readiness-to-hold-bitcoin-after-40-price-drop\">commitment to the cryptocurrency purchasing strategy<\/a>, despite a market correction. Later this stance <a href=\"https:\/\/u1f987.com\/en\/news\/microstrategy-cfo-says-it-will-continue-buying-bitcoin-despite-market-correction\">was supported by the company&#8217;s CFO, Fong Le<\/a>.<\/p>\n<p>In April, Saylor, in a letter to the U.S. Securities and Exchange Commission, described this policy as <a href=\"https:\/\/u1f987.com\/en\/news\/michael-saylor-microstrategy-to-continue-expanding-bitcoin-reserves\">&#8216;extremely successful&#8217;<\/a>.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>An innovative strategy for buying and holding Bitcoin will provide MicroStrategy, the software provider, with a \u201cbright future\u201d for the coming years. This was stated by CEO Michael Saylor in a letter to shareholders accompanying the annual report.<\/p>\n","protected":false},"author":1,"featured_media":60607,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"select":"1","news_style_id":"1","cryptorium_level":"","_short_excerpt_text":"","creation_source":"","_metatest_mainpost_news_update":false,"footnotes":""},"categories":[3],"tags":[1207],"class_list":["post-60606","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-news-and-analysis","tag-microstrategy"],"aioseo_notices":[],"amp_enabled":true,"views":"19","promo_type":"1","layout_type":"1","short_excerpt":"","is_update":"","_links":{"self":[{"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/posts\/60606","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/comments?post=60606"}],"version-history":[{"count":1,"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/posts\/60606\/revisions"}],"predecessor-version":[{"id":60608,"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/posts\/60606\/revisions\/60608"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/media\/60607"}],"wp:attachment":[{"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/media?parent=60606"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/categories?post=60606"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/tags?post=60606"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}