" ], "_oembed_time_d995c5e7408499e0604be0cc7aba9d7e": [ "1653057790" ] }, "image": [ { "@type": "ImageObject", "@id": "https://www.bitcoinlinux.com/2022/05/20/microstrategy-has-no-intention-to-sell-bitcoin-btc-says-company-cfo-report/#primaryimage", "url": "https://i0.wp.com/www.bitcoinlinux.com/wp-content/uploads/2022/05/Get-Alerts-728x90-187.png?fit=2190%2C276&ssl=1", "width": "2190", "height": "276" }, { "@type": "ImageObject", "url": "https://www.bitcoinlinux.com/wp-content/uploads/2022/05/Get-Alerts-728x90-187.png", "width": 2190, "height": 276 } ] }]

MicroStrategy Has No Intention To Sell Bitcoin (BTC), Says Company CFO: Report

MicroStrategy has no plans to sell its Bitcoin (BTC) despite BTC’s bearish price action across the past six months, according to the company’s chief financial officer.

MicroStrategy CFO Andrew Kang tells the Wall Street Journal that MicroStrategy’s shareholders are “aligned” with the company’s strategy and haven’t pressured it to sell its BTC holdings.

“At this time, we do not have any intention to sell. There are no scenarios that I’m aware [in which] we would sell.”

MicroStrategy has purchased a total of 129,218 Bitcoin for about $3.97 billion, equaling an average price of around $30,700 per BTC, according to Michael Saylor, the company’s chief executive.

Bitcoin is trading for $30,019 at time of writing, making MicroStrategy’s current holdings worth nearly $3.88 billion. BTC is up more than 3% in the past 24 hours.

Kang says the company doesn’t plan to change course just because of the recent crypto price downtick, which has seen Bitcoin fall substantially from all-time highs, along with the rest of the crypto markets.

“Some of the more recent volatility was certainly around some of the activity outside of Bitcoin. For us, we monitor that from a market perspective, but there [isn’t] anything fundamental to bitcoin that we believe presents any issues against our strategy.”

Saylor, meanwhile, continues to publicly extoll the virtues of BTC.

Check Price Action

Don’t Miss a Beat – Subscribe to get crypto email alerts delivered directly to your inbox

Follow us on Twitter, Facebook and Telegram

Surf BitcoinLinux Mix

&nbsp
Check Latest News Headlines

 

Get Alerts 728x90 187
Disclaimer: Opinions expressed at BitcoinLinux are not investment advice. Investors should do their due diligence before making any high-risk investments in Bitcoin, cryptocurrency or digital assets. Please be advised that your transfers and trades are at your own risk, and any loses you may incur are your responsibility. BitcoinLinux does not recommend the buying or selling of any cryptocurrencies or digital assets, nor is BitcoinLinux an investment advisor. Please note that BitcoinLinux participates in affiliate marketing.

Featured Image: Shutterstock/Vadim Sadovski

The post MicroStrategy Has No Intention To Sell Bitcoin (BTC), Says Company CFO: Report appeared first on BitcoinLinux.