MicroStrategy Continues Aggressive Bitcoin Investments
MicroStrategy (MSTR) continues its aggressive investment in bitcoin (BTC-USD), regardless of market highs or lows, with executive chairman Michael Saylor telling Yahoo Finance, “we’re buying all the time.” Defiance ETFs CEO & CIO Sylvia Jablonski joins Catalysts to share her outlook on MicroStrategy’s stock moving forward.
Jablonski highlights the company’s continued profitability, noting that Saylor is “the best dollar-cost averager of bitcoin that ever walked this earth.” She notes that this approach is “paying off” for the company, with cryptocurrency still on track for long-term growth.
“People love bitcoin. They love the volatility, they love the leveraged versions of it, and MicroStrategy is proving to be an awesome proxy for that,” Jablonski tells Yahoo Finance.
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This post was written by Angel Smith