MicroStrategy Bitcoin Hold Strategy
MicroStrategy's strategy to buy and hold bitcoin long term will remain unchanged despite recent price declines.
Too little corroboration in the last 3 days to call a trend (3 articles). Watching for it to gain traction.
Still mostly niche and specialist coverage — not yet picked up broadly by mainstream press.
"Hougan said the move means Strategy may no longer act as a one-way source of Bitcoin demand. 'For years, Strategy has been the most dominant Bitcoin buyer in the world and a one way source of Bitcoin demand. Those days are likely over.'"
"Even at subdued Bitcoin prices, the value of Strategy’s Bitcoin holdings provides a significant cushion, though the company’s cash runway has thinned."
"Despite this short-term decline, long-term adoption trends remain strong. Data shows bitcoin adoption has grown at a median annual rate of 17% since 2017."
"Holding an asset to infinity without ever selling may make the company rich on paper, but the rest of us have bills to pay."
"The recent slip is just a blip in an otherwise bullish streak, with Bitcoin up from $16,500 at the start of the year..."
"the company then sold approximately 704 bitcoin for $11.8 million on the premise that the loss will offset previous capital gains."
"we incurred a minimal bitcoin impairment charge as bitcoin prices were stable during the third quarter."
"Bitcoin has moved up by 0.07% within the last 24 hours."
""When @MicroStrategy adopted a #Bitcoin Strategy, it anticipated volatility and structured its balance sheet so that it could continue to #HODL through adversity.""
""MicroStrategy Inc.’s new chief financial officer on Wednesday said its strategy to buy and hold bitcoin long term won’t change despite the recent selloff in the digital asset.""