As a seasoned crypto investor with a knack for spotting promising opportunities, I can’t help but admire Michael Saylor’s unwavering faith in Bitcoin. His strategic foresight and commitment to his investment have paid off handsomely, as evidenced by his over $1 billion BTC stash.
As Bitcoin (BTC) experiences fresh increases following its recovery from downward trends, Michael Saylor – co-founder and ex-CEO of MicroStrategy – is enjoying the rewards. Known for his long-standing support and investments in Bitcoin, Saylor’s substantial Bitcoin holdings are growing alongside the escalating value of the digital currency.
How Much Michael Saylor’s BTC Holdings Is Worth
In an exclusive interview with Bloomberg TV on August 7, Saylor divulged his substantial Bitcoin holdings, declaring that he now owns over $1 billion worth of BTC. The MicroStrategy co-founder revealed in an X (formerly Twitter) post in 2020 that he held about 17,732 BTC, bought at an average price of $9,882.
Initially, Bitcoin’s value was higher than $13,000. After this point, its price soared over five times, reaching more than $73,000 during its highest point in March 2024. Notably, Saylor has shared that he hasn’t sold any of his Bitcoin, emphasizing his firm faith in the cryptocurrency’s future possibilities.
The MicroStrategy former CEO has also disclosed that he had no future plans of liquidating his Bitcoin stash. He emphasized his commitment to both investing further in BTC and expanding his holdings.
During the interview, Saylor emphasized that Bitcoin (BTC) is an outstanding capital investment option, suitable for individuals, families, corporations, or even entire countries. He strongly stated that no other asset comes close to BTC when it comes to investing one’s money, highlighting his firm conviction in cryptocurrency as the top pick for long-term wealth preservation and expansion.
Besides Saylor’s large Bitcoin reserve, MicroStrategy additionally owns a significant amount of Bitcoin. This company, established in 1989 by Saylor, currently holds around 226,500 Bitcoins, equivalent to approximately $12.94 billion according to current exchange rates. Notably, MicroStrategy acquired these Bitcoins at an average price of $35,158 per Bitcoin.
Regardless of Bitcoin’s unpredictable prices and instability, Saylor persists in purchasing more BTC, likening the investment to buying prime real estate in an exclusive location. He maintains that Bitcoin’s volatility is not a flaw but a distinctive advantage, emphasizing that this digital currency remains a top-tier asset even with its recurring price swings.
“There’s Never A Bad Time To Buy Bitcoin” – Michael Saylor
In his interview, Saylor emphasized that it’s never a wrong moment to invest in Bitcoin. This implies that the value of Bitcoin continues to be significant even during unfavorable market situations.
When questioned about seeing Bitcoin’s recent market downturn as an investing chance, Saylor shared some insights into his investment approach instead.
As the co-founder of MicroStrategy explains, pinpointing the ideal moment to purchase Bitcoin can be extremely challenging due to its volatile and unstable pricing. Consequently, MicroStrategy invests in Bitcoin whenever a good opportunity arises, disregarding current market conditions or price fluctuations.
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2024-08-09 04:11