MicroStrategy spent another $623 million to buy 9,245 Bitcoins! Did you make a loss this time?

According to 120btC.coM, the founder of MicroStrategy, a listed US software company, announced that the previously announced convertible bonds of up to US$600 million have been successfully issued. In addition to this, MicroStrategy also spent $623 million to purchase 9,245 Bitcoins between March 11 and March 18.

As of now, the company holds a total of 214,246 Bitcoins, with an average holding cost of approximately US$35,160, once again fulfilling its previous commitment to continue to buy BTC.

Bitcoin fell below 64,000, did it lose this time?

Although MicroStrategy has repeatedly bought when Bitcoin surged, this time most of their purchases between March 11 and March 18 exceeded $70,000. Currently, as the price of Bitcoin falls below $64,000, the Bitcoin they hold has a certain degree of floating loss. However, overall, MicroStrategy still holds nearly $7 billion in floating profits.

Founder of MicroStrategy: Never Sell Bitcoin

As a firm believer in Bitcoin, Michael Saylor has repeatedly emphasized in previous interviews that “MicroStrategy does not have any plans in the short or long term. Sell ​​Bitcoin within the period and continue to be optimistic about the prospects of BTC.”

Michael Saylor said that he will always buy top assets, and holding Bitcoin is the market exit strategy of micro-strategy. The current market value of Bitcoin has just exceeded 1 trillion US dollars, and is on par with gold, real estate, S&P index and other scales. There is competition from larger asset classes, but in his view, Bitcoin is a superior product to all of these asset classes: We believe that capital will continue to flow into Bitcoin from other asset classes because Bitcoin is technically superior to these assets category, in which case there is no reason to sell the winners and buy the losers.

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