Bloomberg Reports: Michael Saylor’s Bitcoin Holdings Now Worth $1 Billion
- Michael Saylor’s substantial investments in Bitcoin highlight its rising acceptance and promising future in the mainstream market.
- Saylor’s consistent accumulation of Bitcoin and positive future projections showcase a strategic approach to leveraging Bitcoin as a superior asset and inflation hedge.
As revealed by a tweet from Wu Blockchain, Michael Saylor, founder of MicroStrategy, has personally accumulated approximately $1 billion in Bitcoin. Four years ago, Saylor disclosed that he held 17,732 Bitcoins, has not sold any of them, and plans to continue purchasing more. Specifically, CNF highlighted that Michael Saylor buys more Bitcoin with MicroStrategy funds.
According to Bloomberg, MicroStrategy founder Michael Saylor has personally accumulated about $1 billion in cryptocurrency. Four years ago, Saylor disclosed that he owned 17,732 bitcoins, never sold them, and said he would continue to buy more bitcoins.https://t.co/NodC78g1as
— Wu Blockchain (@WuBlockchain) August 8, 2024
Furthermore, the co-founder and executive chairman of MicroStrategy Inc., continues to increase his holdings, viewing Bitcoin as a superior investment for individuals, families, corporations, and countries. In a personal X account, Saylor also confirmed it by tweeting:
I have significant personal Bitcoin holdings. Around four years ago, I tweeted that I owned about 17,732 Bitcoins. I haven’t sold any of them and I continue to acquire more.
As of Wednesday, with Bitcoin trading at approximately $54,956, Saylor’s holdings are estimated to be worth over $1 billion. He emphasized Bitcoin’s value as a long-term investment that can generate generational wealth and be protected from external threats. At the time of writing, BTC is valued at $57,288.82, having surged by 0.30% in the past day and decreased by 11.04% in the past week. See BTC Price chart below.
MicroStrategy, which began investing in Bitcoin in 2020 as an inflation hedge, now holds 226,500 Bitcoins. Despite a recent quarterly loss due to an impairment charge on its Bitcoin holdings, the company’s shares have surged nearly 1,000% since its initial cryptocurrency investments. Saylor also predicts Bitcoin could reach $49 million by 2045 under optimal conditions, citing its potential to transform financial systems and its resilience against inflation.
