Michael Saylor: Strategy Will Not Sell Bitcoin, Expected to Outperform Traditional Assets Over Next 4 to 8 Years

Odaily News: Michael Saylor, Executive Chairman of Strategy, stated in an interview with CNBC that concerns about the company being forced to sell its holdings due to a decline in Bitcoin's price are unfounded. He reiterated that the company has no plans to stop accumulating Bitcoin and expects to continue purchasing it every quarter in the future. Michael Saylor pointed out that Bitcoin, as digital capital, has volatility as one of its characteristics. He anticipates that over the next 4 to 8 years, Bitcoin's performance will be 2 to 3 times that of the S&P 500 index.

Currently, Strategy holds 714,644 Bitcoins, with a total acquisition cost of approximately $54.35 billion and an average holding cost of $76,056 per Bitcoin. Despite facing paper losses at present, Michael Saylor emphasized that the company's balance sheet carries no credit risk, and its cash reserves are sufficient to cover dividend and debt payments for the next two and a half years. Last week, the company purchased an additional 1,142 Bitcoins for approximately $90 million.