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Arca Executive: MicroStrategy Not A Risk To Bitcoin, Chances Of Selling Next To Nil

When MicroStrategy changed tack, adding to its balance sheet, no one thought this move would be a game-changer, let alone an inspiration to other public firms. Since they first acquired Bitcoin in November 2020, the Nasdaq-listed tech company is now among the largest holders of BTC. They now control 641,692 BTC at a Bitcoin net asset value (NAV) of over $61,500 at press time. (Source: Strategy) Michael Saylor, the co-founder of MicroStrategy and majority shareholder, believes Bitcoin is the perfect hedg ...