{"id":481135,"date":"2022-01-14T23:00:25","date_gmt":"2022-01-14T23:00:25","guid":{"rendered":"https:\/\/uniquehot.com\/?p=481135"},"modified":"2024-06-11T10:56:50","modified_gmt":"2024-06-11T10:56:50","slug":"whats-in-store-for-microstrategy-going-forward-ceo-michael-saylor-reveals","status":"publish","type":"post","link":"https:\/\/uniquehot.com\/news\/whats-in-store-for-microstrategy-going-forward-ceo-michael-saylor-reveals\/","title":{"rendered":"What\u2019s In Store For MicroStrategy Going Forward? CEO Michael Saylor Reveals"},"content":{"rendered":"
MicroStrategy has been topping its bitcoin holdings in the last year and is now the public company with the largest bitcoin holdings in the world. Presently, the firm holds over 124K BTC on its balance sheet, worth over $5 billion, remaining in profit despite the recent downtrend. However, with such a large holding, one tends to wonder what the company plans to do with the digital asset in the future.<\/p>\n
MicroStrategy CEO Michael Saylor was on CNBC<\/a> to talk about the future of the firm which had made a name for itself due to its various bitcoin buys. Saylor who is a big proponent of the digital asset and a BTC maximalist talked about what the firm had planned for the future, as well as what it planned to do with its bitcoin holdings going forward.<\/p>\n Related Reading |\u00a0Bitcoin Is Massively Overvalued, Billionaire \u2019Bond King\u2019 Jeff Gundlach<\/a><\/strong><\/em><\/p>\n The CEO starts out by explaining that he remains a strong supporter of bitcoin, which he refers to as \u201ccompelling and unstoppable.\u201d This has previously been highlighted at various times by Saylor with his public support for the digital asset. At every possible moment, the CEO has said that bitcoin is the answer to major problems like inflation and is the leading digital property.<\/p>\n On the topic of regulation, Saylor explains that he believes that regulation would, in the end, be beneficial for the digital asset. \u201cThe regulatory clarity is going to accelerate institutional adoption of bitcoin and you\u2019re going to see large flows of capital enter the asset class as this continues,\u201d the CEO said.<\/p>\n <\/p>\n As for MicroStrategy\u2019s plan for the future, the CEO explained that the company will continue to operate as it always has. The company which sells enterprise software has been very profitable so far. With its bitcoin plan, it has seen an uptick in profitability and its stock is up by a factor of four, according to Saylor.<\/p>\nBTC trending at $43K | Source: BTCUSD on TradingView.com<\/a><\/pre>\n
What MicroStrategy Has Planned For The Future<\/h2>\n