Michael J. Saylor, Co-Founder, Chairman, and CEO of MicroStrategy Inc. (NASDAQ: MSTR), a Nasdaq-listed business analytics company, believes the crypto market fall is "excellent" for Bitcoin.

On August 11, 2020, MicroStrategy announced via a press release that it had "purchased 21,454 bitcoins at an aggregate purchase price of $250 million" to use as a "primary treasury reserve asset."
<blockquote>Saylor said at the time:

<em>"Our decision to invest in Bitcoin at this time was driven in part by a confluence of macro factors affecting the economic and business landscape that we believe is creating long-term risks for our corporate treasury program ― risks that should be addressed proactively. "</em></blockquote>
MicroStrategy has continued to amass Bitcoin since then, and its CEO has become one of the most outspoken Bitcoin supporters. MicroStrategy's most recent $BTC acquisition, which Saylor announced on April 5, means the company now has 129,218 bitcoins in its HODL, which were "bought for $3.97 billion at an average price of $30,700 per bitcoin."

https://twitter.com/saylor/status/1511315882886246409

Saylor was interviewed on May 13. Saylor stated that crypto assets might be separated into three groups, a reality that was highlighted last week after the market's price drop.
Saylor also put a positive spin on the recent crypto market crash:

https://twitter.com/saylor/status/1525198823664009218

Michael Saylor Believes That the Entire Crypto Crash Will Be Great for Bitcoin

Michael J. Saylor, Co-Founder, Chairman, and CEO of MicroStrategy Inc. (NASDAQ: MSTR), a Nasdaq-listed business analytics company, believes the crypto market fall is "excellent" for Bitcoin.

Usha is a diehard crypto enthusiast and has been actively writing on different facets of the blockchain and crypto world. She has authored many research articles on cryptocurrency and aims to provide informational and quality content to readers. She firmly believes that crypto has a great potential to redefine the world of finance and blockchain.

Michael Saylor Believes That the Entire Crypto Crash Will Be Great for Bitcoin

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