Saylor, CEO of MicroStrategy: The company never sells Bitcoin.

Although small coins fall 40%, microstratural Inc. Michael saylor says you will not withdraw millions from the greatest world to encrypted currency.

Software companies are increasingly holding bitcoins, so the company's stock price is a mirror image of their digital assets. However, the company's founder and CEO are still optimistic when asked if they are ready to sell in the face of the bear industry.

The 56-year-old CEO told Emily Chang of Bloomberg Studios, "No. We're not for sale." “Should we just buy and hold Bitcoin? This is our strategy.

The pilot was spotted in the summer of 2020 when Tysons Corner, a Virginia-based company, announced a cash management plan to buy Bitcoin. The company's stock price has already risen more than 900%. However, he aggressively used commodities and financial markets to fund his purchase of Bitcoin, and continued to increase its market value by around $5 billion, with recent signs of declining revenue.

MicroStrategy's stock underperformed Bitcoin due to its risk of loss of appetite, causing Bitcoin to sell off. Additionally, since late February, the average price of each Bitcoin purchase announced by the company has been above the current exchange rate. However, the company had about 124,391 BTC at the end of December, according to data showing that purchases from the previous relationship were still profitable.

Sailor says he is not afraid of Bitcoin falling from nearly $69,000 in November to below $40,000 this month. In fact, they are the basis of a "good consolation" ensuring higher inflation, he said.

"The best hedge against inflation is the Bitcoin model. So in an inflationary environment, I don't think there's anything better than changing our company's balance sheet to Bitcoin," a- he declared.

Faced with declining financial growth impacting US revenue, Saylor began using the Bitcoin strategy as an alternative to split purchases and withdrawals. The idea makes it an overnight star in the virtual currency world, and Musk and others are following suit, adding Bitcoin to Tesla Inc.'s balance sheet. However, in the absence of historical data, financial executives continue to argue about the pros and cons of the world's largest digital asset in preventing inflation.

"If we do nothing, we see 99% of our competitors die, so we have an idea of ​​what happened and if we maintain the situation, we know where we are going," he said. "We have a bitcoin strategy or we sell a business. We choose bitcoin."

The market capitalization of Bitcoin stored in MicroStrategy has exceeded the market capitalization of the company. But Saylor promised to buy more bitcoin as the company continues to generate cash flow, and hopes more Wall Streeters will join in the win at current prices.

"I think it's gathered at this level," said Saylor, who argued against the purchase between $11,000 and $59,000. "It's great access for businesses," he said.