In January, MicroStrategy, a software developer, invested $37.2 million in Bitcoin by purchasing 850 BTC. This increased their total reserves to 190,000 BTC.
The company’s CEO, Michael Saylor, stated that they have no plans to sell any of their accumulated cryptocurrency. Saylor noted that the recent launch of spot crypto ETFs in the United States has created favorable conditions for institutional capital to enter the virtual currency market.
This, in turn, is leading to a global financial system transformation. He asserted that ETFs are speeding up the digitalization of capital, with millions of dollars being transferred from the traditional financial system into the digital economy on a daily basis.
Saylor has previously expressed the same stance, stating that the company will not sell any of their Bitcoin reserves, even if the price decreases.
