Strategy’s Michael Saylor Says ‘We Are Not Going To Be Selling’ as Company Buys More Bitcoin

Core Insights - Strategy (MSTR) is committed to holding its bitcoin investments and will continue to purchase bitcoin quarterly, despite recent price fluctuations [1][4][5] - The company recently acquired an additional 1,142 bitcoins for approximately $90 million, with an average cost exceeding $78,000 per coin [4][8] - Executive chair Michael Saylor expressed confidence in bitcoin's long-term performance, predicting it will outperform the S&P 500 by two to three times over the next four to eight years [6][5] Company Position - Strategy is not planning to sell its bitcoin holdings, even if prices drop significantly, indicating a long-term investment strategy [1][5] - The current bitcoin price is around $69,000, following a sell-off that brought it close to $60,000 [4][8] - The company has sufficient cash reserves to manage its debt and pay dividends on its bitcoin-backed securities for over two years [5] Market Context - The overall market for crypto-linked stocks is mixed, with some stocks like Coinbase (COIN) experiencing slight declines, while others like Circle (CRCL) have seen gains [2] - Experts suggest that the recent downturn in tech stocks and other risk assets may negatively impact the short-term outlook for bitcoin [7][4] - Investor sentiment appears cautious, with a trend towards "flight to value" in stocks, which may not favor bitcoin in the near term [7]