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<p>The post <a href="https://coinpedia.org/news/michael-saylor-reveals-microstrategys-bitcoin-buying-strategy/" rel="noopener noreferrer nofollow">Michael Saylor Reveals MicroStrategy’s Bitcoin Buying Strategy</a> appeared first on <a href="https://coinpedia.org" rel="noopener noreferrer nofollow">Coinpedia Fintech News</a></p>
<p>On August 7, 2024, during an interview with Bloomberg, Micheal Saylor, the executive chairman and founder of MicroStrategy said there’s never a bad time to buy Bitcoin (BTC). He also added, “We believe in buying Bitcoin whenever we have cash or whenever we can raise money in the capital market.”&nbsp;</p>
<h2 class="wp-block-heading" id="h-micheal-saylor-s-words-on-bitcoin"><strong>Micheal Saylor’s words on Bitcoin</strong></h2>
<p>Saylor is a pro-Bitcoin, and under his leadership, MicroStrategy has acquired a significant 226,500 BTC, making it one of the largest corporate holders. During the interview, he also said that Bitcoin is very volatile but it is a superior asset compared to any other option the market has.&nbsp;</p>
<h3 class="wp-block-heading" id="h-did-microstrategy-buy-bitcoin-in-the-market-crash"><strong>Did MicroStrategy Buy Bitcoin in the market crash?</strong></h3>
<p>However, when the panelists asked Saylor if he dived in when Bitcoin crashed to $50,000, he answered that they are always buying Bitcoin “quarter by quarter by quarter.” He also added this is a long-term strategy. In July 2024, MicroStrategy added a decent 169 Bitcoin worth more than $11 million.&nbsp;</p>
<p>Apart from this, Saylor also urged investors and traders to understand that <a href="https://www.bloomberg.com/news/videos/2024-08-07/there-s-never-a-bad-time-to-buy-bitcoin-michael-saylor-says?src=wgna" target="_blank" rel="noopener noreferrer nofollow">Bitcoin’s volatility</a> is a feature, not a bug. He also noted,&nbsp;</p>
<blockquote class="wp-block-quote is-layout-flow wp-block-quote-is-layout-flow">
 <p>“Bitcoin is a capital investment you can hold for decades that a corporation, competitor, counterparty, or country can’t take away from you. It’ll create a generational wealth for your family, your corporation, or your country.”&nbsp;</p>
</blockquote>
<h2 class="wp-block-heading" id="h-micheal-saylor-s-personal-bitcoin-holding"><strong>Micheal Saylor’s personal Bitcoin holding</strong></h2>
<p>Along with this, Micheal Saylor also disclosed his personal BTC holding, according to data he currently holds a significant $1 billion worth of Bitcoin. Prior to the market crash, Saylor made a post on X, where he shared “everybody knows the rules” while adding a “<a href="https://coinpedia.org/news/michael-saylors-buy-bitcoin-poster-what-it-means-for-investors/" rel="noopener noreferrer nofollow">BUY BITCOIN</a>” poster, as reported by Coinpedia on August 4, 2024.</p>
<p>At press time, Bitcoin is trading near $55,955 and has experienced a price drop of over 1.5% in the last 24 hours. Due to the massive volatility, its trading volume has dropped by 26%, during the same period.</p>

Michael Saylor Reveals MicroStrategy’s Bitcoin Buying Strategy

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