Michael Saylor has stated that each one $400 million of enterprise intelligence agency MicroStrategy’s Bitcoin reserve holdings could possibly be liquidated at any time.

In a Sept. 22 interview, Saylor told Bloomberg that though “volatility isn’t actually a cause to promote,” he wouldn’t hesitate to dump MicroStrategy’s 38,250 Bitcoin (BTC) at a second’s discover if another asset’s yields had been to leap.

Promoting such a lot of the crypto asset may simply trigger a major worth drop, as occurred in June when whales reportedly prompted the worth of Bitcoin to fall beneath $9,000. Although MicroStrategy acquired Bitcoin in 78,338 separate off-chain transactions, the CEO stated offloading them could be a lot easier.

“We will liquidate it any day of the week, any hour of the day,” Saylor stated. “If I wanted to liquidate $200 million of Bitcoin, I consider I may do it on a Saturday.”

MicroStrategy introduced on Aug. 11 that it had bought 21,454 BTC for $250 million, adopting the cryptocurrency as its main reserve asset. Following the preliminary funding, the agency purchased an extra 16,796 Bitcoin for $175 million.

Its complete holdings are actually valued at roughly $401.5 million with the crypto asset’s current 6% drop, that means a destructive 3.2% return after six weeks. Nevertheless, Bitcoin typically has been on the rise in 2020, up from the $7,000s in January to testing the $11,000 barrier in September.

Although initially claiming “Bitcoin’s days are numbered” in 2013, Saylor has since turn out to be a serious advocate for crypto, even seemingly embracing a Bitcoin maximalist mindset in a Sept. 20 tweet by calling BTC one of many few “crypto-asset networks.”

“We really feel fairly assured that Bitcoin is much less dangerous than holding money, much less dangerous than holding gold,” the CEO informed Bloomberg. He predicted that different corporations would seemingly spend money on Bitcoin inside six months.