MicroStrategy’s Michael Saylor Continues To Expand His $1B Bitcoin Holdings
- In a recent Bloomberg interview, Michael Saylor said he personally owns at least 17.7K $BTC, currently valued at approximately $1B.
- In July, enterprise software firm MicroStrategy acquired 169 $BTC, bringing its total holdings to 226.5K $BTC.
- Saylor says that there's never a bad time to buy Bitcoin', urging investors to understand that Bitcoin volatility is a feature, not a bug.
In an interview on Bloomberg TV, MicroStrategy co-founder and Executive Chairman Michael Saylor emphasized his commitment to $BTC.
Saylor has been one of $BTC's most vocal supporters for years. Read on to learn more about Saylor's $BTC holdings and strategy.
A Look Into Michael Saylor's $BTC HoldingsIn August, Saylor told Bloomberg TV that he hadn't sold any of his $BTCsince tweeting four years ago that he owned17.7K $BTC.
Saylor also revealed that he has no plans to sell his $BTC stash, emphasizing his commitment to expanding his $BTC holdings and investing in other digital tokens.
#Bitcoin is a capital investment you can hold for decades that a corporation, competitor, counterparty, or country can't take away from you. It will create generational wealth for your family, corporation, or country. pic.twitter.com/amQNn4JQwR
- Michael Saylor
(@saylor) August 7, 2024
The presidential candidate Donald Trump and Senator Cynthia Lummis proposedcreating a US strategic $BTC reserve.
Senator Cynthia Lummis previously filed The Bitcoin Act, which directed the Treasury to purchase 1M $BTC. In July, Donald Trump also promised to never sell $BTC' if he becomes president at the Bitcoin 2024 Conference in Nashville.
Embracing $BTC's VolatilityDespite $BTC fluctuations, Saylor asserted that its volatility is a feature and not a bug.'
We look at Bitcoin as cyber-Manhattan. So, there's never a bad time to buy up scarce, desirable real estate in the greatest city in North America. There's never a bad time to buy Bitcoin. Michael SaylorMicroStrategy began buying $BTC in August 2020 and has since been accumulating it as part of its long-term investment strategy.
Although $BTC dipped below $50K this week, MicroStrategy acquired an additional 169 $BTC for $11.4 M, boasting an impressive aggregate of approximately 226.5K $BTC.
MicroStrategy's stock increased over 9% in the last 24 hours, while $BTC experienced a 6.12% increase and now trades at $60.7K. As the value of $BTC surges, so does the firm's $BTC stash value - the total worth of their portfolio.
While Saylor emphasizes the importance of HODLing, we strongly remind you to DYOR before investing in any crypto.
Will the next few months be a turning point for crypto amid US presidential elections? We'll have to wait and see.
References- The Bitcoin Act (Bitcoin Strategic Reserve Bill)
- There's Never a Bad Time to Buy Bitcoin, Michael Saylor Says (Bloomberg TV)
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