Michael Saylor, CEO of Microstrategy, recently said that his company will keep on buying more bitcoin.
In a Bloomberg interview on Wednesday Michael Saylor said that Microstrategy will continue to buy bitcoin on behalf of its shareholders.
“Our goal is to accumulate as much bitcoin as we can on behalf of our shareholders, and we acquired from cash flows, we bought that last tranche for $48.4 million dollars of company cash.”
He went on to say that Microstrategy would buy as much bitcoin as it possibly could as long as market conditions allowed it. Commenting on the fact that Microstrategy shares were up more than 200% Saylor said that potential share sales would just be used to buy even more bitcoin.
The Microstrategy plan, according to Saylor, is to use all the resources the company has in order to keep on acquiring bitcoin going forward. He remarked that at the same time that bitcoin was up 145%, since three years ago when his company began its strategy, shares in his company h
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