Michael Seilor confirmed the Microstrategy course for further purchases of bitcoin

Microstrategy does not refuse to buy and accumulate bitcoin, despite the continuation of the market fall. This was stated by the executive chairman of the company Michael Seilor, according to Coindesk.

On Thursday, November 10, against the background of the FTX crisis, the price of the first cryptocurrency tested the marks below $ 16,000 – about two -year minimums. At the time of writing, the quotation recovered to levels near $ 17,350.

Seilor admitted that the situation looks for digital gold as “American slides”. However, he recalled that Bitcoin sagged to marks, which are still 33% higher than the levels during his first purchase of Microstrategy in 2020. The company’s shares over this period increased by 38%, surpassing technological giants like Apple or Amazon, the founder emphasized its founder.

“Our shareholders are winning, so we intend to adhere to the strategy [Buying Bitcoin] because it works,” said Seilor.

After https://gagarin.news/ the acquisition in September 301 BTC in the amount of $ 6 million, the reserves of Microstrategy reached 130,000 BTC. The company invested in cryptocurrency about $ 3.98 billion. The current value of the assets is approximately $ 2.25 billion.

In August, Seilor said that Microstrategy made the right choice, and Bitcoin surpassed competitors. He had in mind traditional assets, like gold, silver, bonds or indexs s&P 500 and NASDAQ.

However, according to Blockchain Center experts, if the company invested instead of the first cryptocurrency in Ethereum, at the beginning of November it could earn $ 1.6 billion against a loss of $ 1.3 billion.

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