MicroStrategy CEO – “HODL Through Hardship”
Saylor with advice everyone should take – A LOT of weak hands are being flushed-out over the past several weeks and this is the time to take advantage and secure our future
MicroStrategy CEO Says They Expected Crypto Carnage And Will ‘HODL Through Adversity’
“Saylor stated that his company was prepared for Bitcoin’s volatility when it initially selected a crypto strategy and had the ability to endure it.
MicroStrategy’s 129,218 BTC inventory is now being held at a net loss of $1.06 billion, according to the tracking resource Bitcoin Treasuries. This represents around two-thirds of the token’s total market value.
Saylor has maintained that MicroStrategy is taking a long-term stance on its Bitcoin assets in reaction to market turbulence.
‘When the company chose a #Bitcoin strategy, it expected volatility and built its balance sheet so that it could continue to #HODL through hardship,’ Saylor said, alluding to the ‘HODL’ meme, which refers to ‘holding’ onto coins during difficult market conditions.”