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CEO Says MicroStrategy Will Never Sell Bitcoin Stash

A recent 40% slide in the cryptocurrency’s value means “this is a great entry point for institutional investors,” according to Saylor.

By Crystal Kim & Emily Chang | January 20, 2022 at 03:17 PM
Photo: Michael Saylor of MicroStrategy Michael Saylor, chairman and CEO of MicroStrategy Inc., at the Bitcoin 2021 conference in Miami on June 4, 2021.

Even after bitcoin’s recent 40 percent slide, Michael Saylor says he’ll never back down on pushing MicroStrategy Inc.’s multibillion bet on the world’s largest cryptocurrency.

The enterprise software company’s growing pile of bitcoin has effectively made its share price a proxy for the digital asset. Yet founder and CEO Saylor remains sanguine when asked if he is tempted to sell in the face of what could be an extended bear market.

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