Michael Saylor, CEO of analytics software provider MicroStrategy, has said that when choosing a strategy for investing in Bitcoin, the company foresaw volatility in the market.
According to him, the company is ready to keep the cryptocurrency on its balance sheet even longer.
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MicroStrategy initially allocated its assets in such a way that it would keep walking even in "unfavorable conditions" in the market.
The company currently holds 129,218 BTC in reserves. These Bitcoins are currently valued at $2.7 billion.
Notably, MicroStrategy's "on paper" losses related to the Bitcoins it holds have exceeded $1 billion.
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Saylor has repeated several times that the company will maintain its strategy of buying and holding Bitcoin.