MicroStrategy has recently confirmed that it has invested a total of $425 million in bitcoin. At the end of this week, its CEO, Michael Saylor, said that the cryptographic currency will be kept under MicroStrategy’s control for the next hundred years.
The head of the giant said this in a conversation with Raul Pal, a well-known supporter of Bitcoin. Sailor emphasised that the decision to invest in Crypto Engine was made jointly by the top management of the company and its investors as well as the auditor.
He noted:
This is not speculation and not a hedge. It is a well-thought-out strategy of the company to accept Bitcoin.
MicroStrategy’s analysts examined the global market environment and concluded that financial uncertainty will only increase in the coming years.
In this situation, the best solution would be to acquire a secure asset. Bitcoin is seen by the company as such.
On the topic of investing in the largest alto-air (ETH), Michael Saylor said that this project is still experiencing functional problems. The ETH network faces strong competition, so it is still risky to buy the underlying asset of this ecosystem.