MicroStrategy CEO Michael Saylor said that the analytics software provider anticipated market volatility when choosing its bitcoin investment strategy. He assured that the company is ready to store the cryptocurrency further.
MicroStrategy initially allocated its assets in such a way as to continue to hodl in “unfavorable conditions” in the market. The company holds 129,218 BTC. Amid the collapse in the price of the first cryptocurrency, MicroStrategy’s loss from bitcoin holdings exceeded $1 billion. Saylor has consistently stressed that the company will continue to follow its strategy of buying and holding bitcoin. He is convinced that this policy will provide the software vendor with a “bright future” for years to come.
The head of MicroStrategy previously said that the price of bitcoin would have to fall below $3562 for the company to lack the digital assets to secure loans.