Share this article
Michael Saylor Not Interested in Selling: ‘Bitcoin Is the Exit Strategy'
MicroStrategy is up billions on its bitcoin bet, but Executive Chairman Michael Saylor told Bloomberg TV there’s no reason to sell the cryptocurrency.
Updated Mar 8, 2024, 9:50 p.m. Published Feb 20, 2024, 9:30 p.m.
- Bitcoin maximalist Michael Saylor is not selling any of his company's bitcoin anytime soon.
- "There's no reason to sell the winner and buy the losers," he said in an interview with Bloomberg TV on Tuesday.
- Bitcoin competes with far larger asset classes like gold, real estate and the S&P, but it's the superior product, argued Saylor.
Michael Saylor doesn’t plan to sell any of MicroStrategy' (MSTR)s bitcoin anytime soon, or potentially ever, he said in an interview with Bloomberg TV on Tuesday.
"The spot ETFs have opened up a gateway for institutional capital to flow into the bitcoin ecosystem," said Saylor. "[The ETFs] are facilitating the digital transformation of capital, and every day hundreds of millions of dollars of capital is flowing from the traditional analog ecosystem into the digital economy."
STORY CONTINUES BELOW
Don't miss another story.Subscribe to the Crypto Daybook Americas Newsletter today. See all newsletters
Saylor's MicroStrategy held 190,000 bitcoins at the end of January which it bought for an average of $31,224 per coin. With bitcoin now trading at roughly $52,000, the company’s holdings are worth about $10 billion, with $4 billion of that profit.
Many investors might be considering an exit at this point, but not Saylor.
“Bitcoin," he told Bloomberg, "is the exit strategy.”.
Bitcoin’s value, currently just over a trillion dollars, is competing with asset classes such as gold, real estate or even the S&P index – all of which have market capitalizations many multiples higher than bitcoin, said Saylor. And bitcoin, argued Saylor, is superior to all of them.
“We believe capital is going to keep flowing from those asset classes into bitcoin because bitcoin is technically superior to those asset classes and that being the case, there’s just no reason to sell the winner and to buy the losers,” he said.
MicroStrategy first started purchasing bitcoin in August 2020 and has since consistently added to its portfolio. The software firm alongside its fourth quarter earnings report rebranded itself a “bitcoin development company,” doubling down on its commitment to the cryptocurrency.
MSTR shares are up 11.8% year-to-date.
More For You
What to know:
- As of October 2025, GoPlus has generated $4.7M in total revenue across its product lines. The GoPlus App is the primary revenue driver, contributing $2.5M (approx. 53%), followed by the SafeToken Protocol at $1.7M.
- GoPlus Intelligence's Token Security API averaged 717 million monthly calls year-to-date in 2025 , with a peak of nearly 1 billion calls in February 2025. Total blockchain-level requests, including transaction simulations, averaged an additional 350 million per month.
- Since its January 2025 launch , the $GPS token has registered over $5B in total spot volume and $10B in derivatives volume in 2025. Monthly spot volume peaked in March 2025 at over $1.1B , while derivatives volume peaked the same month at over $4B.
More For You
Surf Raises $15M to Build AI Model Tailored to Crypto Research
Pantera Capital led the round, with Coinbase Ventures and Digital Currency Group also participating.
What to know:
- Surf raised $15 million to develop "Surf 2.0" and launch an enterprise product aimed at institutional users.
- The firm said it has generated more than 1 million research reports since July and is seeing 50% month-over-month growth.
Top Stories
