Cryptocurrencies
Bitcoin Hodler Saylor Says MicroStrategy Will Never Sell Stash
- CEO doubles down on crypto commitment even after slide
- Recent purchases were all above current prices, filings show
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Even after Bitcoin’s recent 40% 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 shares a proxy for the digital asset. Yet, its founder and chief executive officer remains sanguine when asked if he is tempted to sell in the face of what could be an extended bear market.