Phong Le, Chief Financial Officer at Microstrategy, said that the company will keep stocking up on BTC this year.
While the recent crypto crash had some investors pulling away or just staying put with previously hodled assets, others saw it as a great opportunity to go bullish and stock up on more cryptocurrencies.
MicroStrategy has been known to be bullish when it comes to purchasing Bitcoin. With an estimated value of $6B in crypto in late December of 2021, the strategic investment company MicroStrategy will seemingly continue to increase its BTC reserves.
Did you know?
Want to get smarter & wealthier with crypto?
Subscribe - We publish new crypto explainer videos every week!
Can Russia Use Crypto to Bypass Sanctions? (Animated)
Based on WSJ’s interview with the company’s CFO Phong Le, he was not certain if MicroStrategy will invest more this year, but assured that there will definitely be Bitcoin acquisitions, despite pressure from the Securities and Exchange Commission.
In fact, the SEC asked MicroStrategy to be a bit more transparent with its BTC holdings, because the current filings reportedly do not fully reflect the company’s performance.
Likewise, when asked about plans for selling BTC investments, Phong Le assured that MicroStrategy has no intention of selling off at this very time, and will release its current BTC holdings next Tuesday.
At the time of writing this article, after a slight recovery on Wednesday, Bitcoin went back down by 3.74% in the past 24 hours, averaging $36,145.23.