MicroStrategy’s Michael Saylor Reveals His Ultimate Bitcoin Exit Strategy

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In a recent interview with Bloomberg TV, MicroStrategy’s Michael Saylor expressed his undeterred commitment to Bitcoin, declaring it as the ultimate ‘exit strategy’ and dismissing any plans to sell the company’s substantial BTC holdings. 

Bitcoin as the Ultimate Exit Strategy

MicroStrategy holds 190,000 bitcoins, purchased at an average cost of $31,224 per coin. With Bitcoin currently trading at around $52,275.60 (at the time of writing), the company’s holdings are valued at around $10 billion, yielding a substantial profit of $4 billion. 

Despite the high profits, Saylor affirms that “Bitcoin is the exit strategy,” emphasizing its superiority over traditional assets like gold, real estate, and the S&P index.

Saylor’s Indefinite Bitcoin Buying Stance:

During the Bloomberg TV interview, Saylor expressed his readiness to keep “buying Bitcoin forever”, strongly believing in Bitcoin’s store of value properties and its potential as a hedge against inflation. 

MicroStrategy initiated its Bitcoin accumulation journey in August 2020 and has consistently increased its portfolio. MicroStrategy’s recent purchase of 850 BTC at $37.5 million shows Saylor’s commitment, with a cost basis of $31,464.74 and an unrealized profit of $3.505 billion.

With a bold move, the company rebranded itself as a “bitcoin development company” in its fourth-quarter (Q4 2023) earnings report, underscoring its commitment to Bitcoin. MicroStrategy shares have surged 11.8% year-to-date, reflecting investor confidence in Saylor’s strategic approach. 

He says, “We will develop software, generate cash flow, leverage the capital markets, all to accumulate more Bitcoin.”

Meanwhile …

The company’s share price has surged 466% since August 2020, outperforming major assets like the S&P 500, Nasdaq, and even Bitcoin stocks. The success reiterates Saylor’s stance to bulk buy Bitcoin despite initial skepticism. Saylor underscores, “There’s just no reason to sell the winner and to buy the losers.”

Saylor asserts, “The ETFs are facilitating the digital transformation of capital.” He anticipates significant capital inflows into Bitcoin and other digital assets with the approval of spot ETFs, potentially catalyzing further institutional adoption.