{"id":69927,"date":"2022-11-11T13:51:06","date_gmt":"2022-11-11T11:51:06","guid":{"rendered":"https:\/\/forklog.com\/en\/?p=69927"},"modified":"2025-09-07T22:55:58","modified_gmt":"2025-09-07T19:55:58","slug":"michael-saylor-reaffirms-microstrategys-plan-to-continue-buying-bitcoin","status":"publish","type":"post","link":"https:\/\/u1f987.com\/en\/michael-saylor-reaffirms-microstrategys-plan-to-continue-buying-bitcoin\/","title":{"rendered":"Michael Saylor reaffirms MicroStrategy’s plan to continue buying Bitcoin"},"content":{"rendered":"

MicroStrategy is not backing away from its strategy of buying and accumulating Bitcoin, despite the ongoing market decline. This was stated by the company’s executive chairman Michael Saylor<\/a>, according to CoinDesk<\/a>.<\/p>\n

On Thursday, November 10, amid the FTX crisis<\/a>, the price of the leading cryptocurrency touched below $16,000<\/a> \u2014 near a two-year low. As of writing, quotes had recovered to around $17,350.<\/p>\n

\\\"\u041c\u0430\u0439\u043a\u043b
Hourly BTC\/USD chart on Bitstamp. Data: TradingView.<\/figcaption><\/figure>\n

Saylor acknowledged that the situation looks like a roller coaster for digital gold. However, he noted that Bitcoin has fallen to levels that are still about 33% higher than those during its first purchase by MicroStrategy<\/a> in 2020. Over that period the company’s shares rose by 38%, outpacing tech giants such as Apple or Amazon, the founder noted.<\/p>\n

\n

“Our shareholders are ahead, so we intend to stick with the Bitcoin-buying strategy because it works,” said Saylor.<\/p>\n<\/blockquote>\n

After the September purchase of 301 BTC for $6 million<\/a>, MicroStrategy’s reserves reached 130,000 BTC. The company has invested around $3.98 billion in the cryptocurrency. The current value of the assets is approximately $2.25 billion.<\/p>\n

In August, Saylor said MicroStrategy had made the right choice<\/a>, and Bitcoin had outperformed rivals. He had in mind traditional assets such as gold, silver, bonds or the S&P 500 and Nasdaq indices.<\/p>\n

However, according to Blockchain Center analysts, if the company had invested in Ethereum instead of the first cryptocurrency, by early November it could have earned $1.6 billion<\/a> against a $1.3 billion loss.<\/p>\n

As noted earlier, Saylor has repeatedly described Bitcoin as the most reliable thing in a volatile world<\/a> and a global reserve asset<\/a>.<\/p>\n

In September, he forecasted a new all-time high for digital gold within four years<\/a>.<\/p>\n

Read ForkLog’s Bitcoin news in our Telegram<\/a> \u2014 cryptocurrency news, prices and analysis.<\/p>\n","protected":false},"excerpt":{"rendered":"

MicroStrategy does not abandon its strategy of buying and accumulating Bitcoin, despite the continued market decline, according to CoinDesk.<\/p>\n","protected":false},"author":1,"featured_media":69928,"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":[1208,1207],"class_list":["post-69927","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-news-and-analysis","tag-michael-saylor","tag-microstrategy"],"aioseo_notices":[],"amp_enabled":true,"views":"15","promo_type":"1","layout_type":"1","short_excerpt":"","is_update":"","_links":{"self":[{"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/posts\/69927","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=69927"}],"version-history":[{"count":1,"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/posts\/69927\/revisions"}],"predecessor-version":[{"id":69929,"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/posts\/69927\/revisions\/69929"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/media\/69928"}],"wp:attachment":[{"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/media?parent=69927"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/categories?post=69927"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/tags?post=69927"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}