Michael Saylor, CEO de MicroStrategy, in a letter to shareholders, said that “the strategy to acquire and hold Bitcoin the biggest and most popular cryptocurrency in the world. It is a decentralized digital currency that enables users to make trustless peer-to-peer transactions. has been a tremendous success.” He denied reports that the company has sold BTC.
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The CEO of MicroStrategy, Michael Saylor, was, is and continues to be an advocate for Bitcoin. He has shown this in statements such as the one he gave in November 2021, when he said that “ buying Bitcoin is better than investing your money in traditional assets like stocks, bonds and gold.” . Moreover, he has demonstrated it with deeds: MicroStrategy has not stopped buying BTC in recent months: this month, for example, it bought another USD $190 million worth of BTC, raising the assets to 130,000 cases bitcoins.
Also this month, the company sent out the 2021 annual report, to show the company’s numbers. In one section, called Letter to shareholders the CEO speaks to investors and expressly indicated to them that his “parallel strategy to acquire and hold Bitcoin has been a great success”.
He explained it this way:
“The novel treasury strategy we initiated in 2020 was just the beginning. Adopting Bitcoin as our primary treasury pool asset differentiated us from conventional competitors and elevated our brand. MicroStrategy joined a select group of high-profile, publicly traded early adopters, including Tesla and Block.
“As of April 14, 2022, MicroStrategy remains the largest publicly traded corporate holder of bitcoin. MicroStrategy, together with its subsidiaries, holds 129,218 bitcoins purchased at a total purchase price of USD $3.97 billion and an average purchase price per bitcoin of approximately USD $30,700.
More about the strategy of MicroStrategy
Saylor added:
“In 2021, we advanced our strategy of acquiring Bitcoin using proceeds from debt and equity equity is the funds that would be returned to a company's shareholders if all of the company's assets were dissolved and all debts were paid off in the event of liquidation. transactions, as well as through excess cash cash is the most liquid form of money: physical coins and banknotes in the most narrow sense of the term. flow from operations. We believe our Bitcoin strategy is complementary to our software and analytical services business, as it enhances brand awareness and provides opportunities to grow our business customer base.
He also says that the strategy of buying Bitcoin “is an extension of our corporate lineage as an innovator and early adopter of revolutionary technologies.” He exemplified:
We helped pioneer data mining a process where blocks are added to a blockchain, verifying transactions. It is also the process through which new bitcoin or some altcoins are created. software in the 1980s. We went early to the web in the 1990s. In the 2000s, we were early adopters of mobile analytics as well as cloud-based analytics. As evidenced by our company history and successful track record, innovation is in our corporate DNA.
He added: “In the coming year, we will continue to focus on key priorities to empower customers with cloud-based analytics and embedded analytics, and increase awareness of our bitcoin strategy.”
Denies rumors of sale
In addition, Saylor has recently been tasked with the role of denying rumors that the company is secretly selling off its stake in Bitcoin.
Through his account an account is essentially a whose purpose is to track the financial activities of a specific asset/ on Twitter Saylor stressed that as a publicly traded company, Microstrategy is required by law to file any transaction with the U.S. Securities and Exchange businesses that allow customers to trade cryptocurrencies for fiat money or other cryptocurrencies. Commission, SEC.
Rumors about the sale of Microstrategy of your Bitcoin arose after an address a place where cryptocurrency can be sent to and from, in the form of a string of letters and numbers. identified as “1P5ZED” was involved in the movement of a significant quantity of BTC. According to analysts and cryptocurrency cryptocurrencies are digital currencies that use cryptographic technologies to secure their operation. enthusiasts, the whale a term used to describe investors who have uncommonly large amounts of crypto, especially those with enough funds to manipulate the market. was probably Microstrategy or a cryptocurrency exchange.
In a tweet, Saylor stated that any sale of Bitcoin would be communicated to shareholders. It is worth noting that Saylor has maintained that the company will never sell its stake in Bitcoin.
“I’m not sure who needs to know this, but when it makes any material changes to its corporate strategy (for acquiring and holding Bitcoin) or its Bitcoin holdings, we disclose it to our shareholders through SEC filings, available to all.”
Not sure who needs to know this, but when $MSTR makes any material change change — a concept relevant to cryptocurrencies that use the UTXO model — is the number of coins sent back to a user after they use their unspent outputs to initiate a transaction. to its corporate strategy (to acquire & #hodl bitcoin) or to its #bitcoin holdings, we disclose this to our shareholders via @SECGov filings, available to all.
— Michael Saylor⚡️ (@saylor) April 22, 2022
Sources: Annual Report of MicroStrategy , Twitter, Finbold, Cryptoglobe, archivo
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