Michael Sailor said all of MicroStrategy’s $ 400 million reserves could be liquidated at any time.
In an interview on September 22, Sailor Bloomberg said that although “volatility is not a real reason to sell,” he would not hesitate to dump 38,250 Bitcoins (BTC) from MicroStrategy if the yield on an alternative asset rises sharply.
Although MicroStrategy acquired Bitcoin in a carefully planned series of 78,338 separate off-chain transactions, the CEO said it would be a lot easier to dump them.
“We can release it any day of the week, and at any hour of the day,” said Sailor. “If I have to liquidate $ 200 million of Bitcoin, I think I will do so on Saturday.”
However, there is no reason to believe that Sailor intends to sell the newly acquired bitcoin to the company any time soon, especially given that the CEO believes that the so-called asset inflation will increase by more than 20% annually, reducing purchasing power. He said, “We believe that Bitcoin is less risky than owning cash, and less risky than owning gold.”
On August 11, MicroStrategy announced that it acquired 21,454 BTC for $ 250 million using cryptocurrency as its main reserve capital. After the initial investment, the company secured an additional 16,796 Bitcoin for $ 175 million.
Its total assets are currently valued at around $ 401.5 million with the most recent decline in crypto assets of 6%, which means a negative return of 3.2% in six weeks. However, Bitcoin as a whole rose in 2020 from $ 7,000 in January to test the $ 11,000 barrier in September.
Although she originally stated that “Bitcoin’s days are numbered” in 2013, Sailor has since become a major proponent of the cryptocurrency, even adopting an apparently extremist mentality in her tweet on September 20, describing BTC as one of the “number”. Few of the “active cryptocurrencies networks.” ”
“We are very confident that Bitcoin is less risky than owning cash, and less risky than owning gold,” said Bloomberg’s CEO. He predicted that other companies are likely to invest in Bitcoin within six months.