Billionaire Michael Saylor Reveals Personal Holdings Over $1 Billion in Bitcoin
Michael Saylor, the executive chairman and co-founder of MicroStrategy, has revealed that he personally owns more than $1 billion in Bitcoin.
In an interview with Bloomberg, Saylor described Bitcoin as “cyber Manhattan,” emphasizing that investing in prime assets is always a good decision.
He did not reveal the exact amount of his BTC stash.
However, in a 2020 post on X, he revealed that he holds 17,732 BTC, which he initially purchased for approximately $175 million.
Some have asked how much #BTC I own. I personally #hodl 17,732 BTC which I bought at $9,882 each on average. I informed MicroStrategy of these holdings before the company decided to buy #bitcoin for itself.
— Michael Saylor⚡️ (@saylor) October 28, 2020
During the interview, Saylor highlighted Bitcoin’s superiority over physical and financial capital, praising its potential to generate substantial wealth for individuals, corporations, and nations alike.
He also commented on the recent market crash that impacted BTC, stating that such volatility is inherent to Bitcoin’s nature.
“The volatility [of Bitcoin] creates tens of billions of dollars of credit and liquidity at all times everywhere, to everyone in the world, in the short term,” Saylor said.
Moreover, he noted that the long-term volatility drives, “superior asset performance and durability.”
MicroStrategy, the company he leads, has also made substantial investments in Bitcoin.
As of now, MicroStrategy holds around 226,500 Bitcoins, worth approximately $13 billion.
This strategic move has not only boosted the company’s stock price but has also positioned it as the largest public holder of Bitcoin.
During his address at the recent Bitcoin conference, Saylor forecasted that Bitcoin’s market capitalization could soar
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