tldr; Michael Saylor, chairman of Strategy, reaffirmed the firm’s commitment to buying Bitcoin indefinitely, despite a $5 billion paper loss on its BTC holdings. The company recently purchased $90 million worth of Bitcoin, bringing its total to 714,644 BTC. Saylor dismissed concerns about liquidation, citing a cash reserve to cover debt and dividends. He expressed confidence in Bitcoin’s long-term value, stating the firm would continue buying Bitcoin every quarter, regardless of market fluctuations.
*This summary is auto generated by a bot and not meant to replace reading the original article. As always, DYOR.
ramakitty on
The mNav is never going back to 4 is it.
Crivos on
This is the way
Patrick_Atsushi on
Just wondering – he does need to sell some at some point to cover the dividend right? Or is he going to pay it with BTC itself?
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tldr; Michael Saylor, chairman of Strategy, reaffirmed the firm’s commitment to buying Bitcoin indefinitely, despite a $5 billion paper loss on its BTC holdings. The company recently purchased $90 million worth of Bitcoin, bringing its total to 714,644 BTC. Saylor dismissed concerns about liquidation, citing a cash reserve to cover debt and dividends. He expressed confidence in Bitcoin’s long-term value, stating the firm would continue buying Bitcoin every quarter, regardless of market fluctuations.
*This summary is auto generated by a bot and not meant to replace reading the original article. As always, DYOR.
The mNav is never going back to 4 is it.
This is the way
Just wondering – he does need to sell some at some point to cover the dividend right? Or is he going to pay it with BTC itself?