Should We Follow Michael Saylor and Buy BTC? - $25M Bought to Start the New Year 2022!
Peter Saddington's video examines MicroStrategy's continued investment in Bitcoin, particularly their $25 million purchase at the start of 2022. The video highlights MicroStrategy's unwavering commitment to Bitcoin as a store of value, contrasting it with other corporations like Tesla, who have sold portions of their holdings. Saddington points out that MicroStrategy, led by Michael Saylor, has not sold any Bitcoin since beginning their accumulation strategy in 2020. The video delves into the specifics of MicroStrategy's Bitcoin holdings, noting they possess over 125,000 BTC acquired at an average price of around $30,000. It also references Saylor's personal Bitcoin holdings, estimated at over 17,000 BTC. Saddington poses the question of whether Michael Saylor's strategy is one to emulate, given his long-term perspective and the company's continued accumulation despite market fluctuations, even questioning when Saylor and Microstrategy plan to exit their position.