Phong Le – Chief Financial Officer of MicroStrategy – revealed that his firm will continue investing in bitcoin despite the recent plunge of the asset’s USD value.
The executives of the business intelligence software MicroStrategy, however, are not concerned. In a recent, the CFO of the company – Phong Le – asserted that the company will keep increasing its BTC holdings this year and that concept is not related to the asset’s short-term price movements: Furthermore, MicroStrategy has plans to purchase bitcoin-backed bonds if the market becomes more liquid. Le expects this to happen in 2022 or 2023:“We are constantly looking at other ways to be additive to our shareholders as it relates to bitcoin.”A few days ago, Michael Saylor – a prominent BTC bull and CEO of MicroStrategy – expressed the same viewpoint. He
Asked whether he is concerned that such a considerable amount of the company’s portfolio is allocated in bitcoin, Saylor answered:
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