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☆ MicroStrategy's Michael Saylor says hold onto bitcoin and stomach the volatility
  + stars: | 2023-05-02 | by ( ) www.cnbc.com   time to read: 1 min
In this videoShare Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailMicroStrategy's Michael Saylor says hold onto bitcoin and stomach the volatilityMichael Saylor, MicroStrategy executive chairman, joins 'Closing Bell: Overtime' to discuss the company's earnings and why it bought more bitcoin.
☆ Michael Saylor's MicroStrategy snaps up another 6,455 bitcoin as token rallies, bringing its total holdings to $3.88 billion
  + stars: | 2023-03-27 | by ( Phil Rosen | ) www.businessinsider.com   time to read: +2 min
MicroStrategy bought 6,455 bitcoins for about $150 million in the last five weeks, an SEC filing showed. MicroStrategy also paid off the remaining principal on a $205 million loan from the failed Silvergate Bank. All together, those holdings are worth about $3.88 billion, at the current bitcoin price of about $27,900. The total MicroStrategy paid was $161 million. "MicroStrategy repaid its $205M Silvergate loan at a 22% discount," Saylor tweeted on Monday.
☆ Bitcoin could return to $68,000 within 4 years and hit $500,000 in the next decade, MicroStrategy's Michael Saylor says
  + stars: | 2022-09-22 | by ( Phil Rosen | ) www.businessinsider.com   time to read: +2 min
MicroStrategy's Michael Saylor said bitcoin could return $68,000 in four years and then hit $500,000 within the next decade. While bitcoin has shed roughly 60% so far in 2022, MicroStrategy has continued to buy the dip on the token. "The next logical stop for bitcoin bitcoin is to replace gold as a non-sovereign store of value asset," he said. MicroStrategy, Saylor added, is still building out the Lightning Network, a payment protocol using the bitcoin blockchain. While bitcoin has shed roughly 60% so far in 2022, Saylor's MicroStrategy has continued to buy the dip on the token.
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