Michael Saylor, Executive Chairman of MicroStrategy and a well-known advocate of Bitcoin (BTC), recently shared his accumulation strategy for this pioneering Cryptocurrency. Saylor revealed the philosophy behind the company’s Bitcoin purchases, cementing his reputation as one of BTC’s staunchest advocates.
These words came after Bitcoin surpassed the $100,000 mark. The 2024 developments have helped revive interest in BTC as a long-term investment.
Michael Saylor Shares Bitcoin Investment Plan
In a recent interview, Saylor emphasized his long-standing slogan, “Buy Bitcoin, Don’t Sell Bitcoin.” He explains MicroStrategy’s unwavering commitment to this digital asset and points out the simplicity of their strategy.
“Every day for the past four years, I’ve said buy Bitcoin. I will continue to buy Bitcoin at the top forever,” he stated.
Saylor emphasized the importance of viewing Bitcoin as a long-term capital asset rather than a tool for short-term gains. He advises investors to apply a USD-cost averaging (DCA) strategy to Bitcoin on a quarterly basis and only use funds they won’t need for at least a decade.
“If you have money you won’t need for four years or, better yet, ten years, invest it in a portfolio. Move some of your long-term savings into Bitcoin and don’t worry too much about short-term volatility,” Saylor advises.
USD-cost averaging is an investment strategy in which you invest a fixed amount at regular intervals, regardless of market activity. This method helps reduce the impact of volatility by spreading your investments over time. With DCA, investors take advantage of market volatility by spreading risk.
For Saylor, the volatility that often worries investors is less of a concern when Bitcoin is approached with a long-term view. He operates with the belief that it will forever increase in value compared to the USD. Additionally, Saylor explained that MicroStrategy’s ownership of a large amount of Bitcoin has created “a huge amount of shareholder value.”
This view highlights the growing belief that Bitcoin price direction is increasingly influenced by large-scale institutional participation. Companies like MicroStrategy and Marathon Digital (MARA) not only accumulated Bitcoin, but also contributed to its widespread adoption as a store of value and inflation hedge.
Marathon Digital Joins the Bitcoin Accumulation Race
Saylor’s comments come as Marathon Digital Holdings also expressed similar confidence in Bitcoin. In just the last two days, this Bitcoin mining company bought 2,723 BTC and spent more than 270 million USD on this digital asset.
Blockchain analytics company Lookonchain report that Marathon bought 1,300 BTC worth $130.66 million on Saturday. This followed a large purchase on Friday, when the company buy 1,423 BTC for $139.5 million. These purchases confirm Marathon’s determination to expand its Bitcoin reserves, in line with MicroStrategy’s aggressive accumulation strategy.
Both companies have cemented their positions as Bitcoin superpowers. MicroStrategy, famous for its constant accumulation, has accumulated a large portion of its corporate treasury in Bitcoin. Meanwhile, Marathon’s recent purchases reflect a growing trend among institutional investors to stockpile Cryptocurrency as it reaches new historic highs.
Meanwhile, Saylor’s confidence extends beyond his company’s revenue. He believes that institutional investors like MicroStrategy and Marathon Digital are the driving force in pushing Bitcoin prices higher.
“You don’t have to understand how we do it. You just keep your Bitcoin and let us raise the price,” he said.
According to TinTucBitcoin data, BTC is currently trading at $99,575, up 1.22% over the past 24 hours.