Michael Saylor, Executive Chairman of Strategy, has reiterated the company's commitment to continue accumulating Bitcoin, dismissing concerns about potential forced sales due to price drops. In a CNBC interview, Saylor emphasized that Bitcoin's volatility is inherent and projected that its performance over the next 4 to 8 years could be 2 to 3 times that of the S&P 500 index.
Strategy currently holds 714,644 bitcoins, acquired at a total cost of approximately $54.35 billion, with an average holding cost of $76,056 per Bitcoin. Despite facing paper losses, Saylor assured that the company's balance sheet remains robust, with no credit risk and sufficient cash reserves to cover dividends and debt expenses for the next two and a half years. Recently, the company added 1,142 bitcoins to its holdings, spending around $90 million.
Michael Saylor Reaffirms Bitcoin Accumulation Strategy, Predicts Outperformance
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