Michael Saylor Calls Concerns Over Bitcoin Sales 'Unfounded' Amid Investment Strategy
**Concerns over Strategy Selling Bitcoin are 'Unfounded,' Says Michael Saylor**
**Chairman of MicroStrategy Defends Company's Approach Amid Criticism**
Michael Saylor, the chairman of MicroStrategy, has firmly rebutted concerns regarding the company's potential selling of Bitcoin, branding such apprehensions as "unfounded." This statement comes as the firm continues to be heavily invested in cryptocurrency, emphasizing a long-term strategy that includes continuous investment in Bitcoin.
Saylor clarified that MicroStrategy's financial position remains robust, stating, "Our net leverage ratio is half the typical investment grade company." This assertion reinforces the company's strong financial health compared to its industry counterparts.
The chairman further elaborated on their financial strategy, highlighting, "We've got 50 years' worth of dividends and bitcoin, we've got two and a half years' worth of dividends just in cash on our balance sheet... we're not going to be selling, we're going to be buying bitcoin. I expect we'll be buying bitcoin every quarter forever." This firm commitment showcases MicroStrategy's focus on accumulating Bitcoin rather than divesting its holdings, demonstrating confidence in the cryptocurrency's future value.
This report is for informational purposes only and is not financial advice.