MicroStrategy CFO Andrew Kang talked about the company’s Bitcoin strategy.
Andrew Kang, finance director of MicroStrategy, one of the leading figures in the cryptocurrency market, spoke to the Wall Street Journal about the company’s Bitcoin plans. Kang said that the company’s Bitcoin plans will not change despite the drop in the market. The report also said that the company has no intention of selling Bitcoin at the moment, and that there is no pressure from the shareholders in this direction.
The company has recently faced some questions about a term loan from Silvergate and a possible margin call if Bitcoin drops to a certain level. As of March 31, the original cost base and market capitalization of the company’s Bitcoin reserves were $3,967 billion and $5,893 billion, respectively.
MicroStrategy holds just over 129,000 Bitcoins according to its last quarter report.
