Key Takeaways
- Michael Saylor personally owns $1 billion worth of Bitcoin.
- Saylor believes Bitcoin is the best long-term investment asset.
- MicroStrategy stands on massive unrealized profits with Bitcoin.
In a recent interview, Michael Saylor, the founder and Chairman of MicroStrategy, revealed that he personally owns $1 billion worth of Bitcoin. This positions him among the top Bitcoin holders globally.
Saylor disclosed his substantial personal Bitcoin holdings during an interview on Bloomberg Open Interest.
When asked by Bloomberg Television’s Sonali Basak about his personal investment in Bitcoin beyond MicroStrategy, Saylor replied:
I think about four years ago, I tweeted that I have 17,732 Bitcoin. I haven’t sold any Bitcoin — I continue to acquire more Bitcoin.
No second best
Saylor is an outspoken advocate of Bitcoin as a robust financial asset. He believes Bitcoin is a prime investment choice for individuals, families, corporations, and even nations. Saylor emphasized his belief in Bitcoin’s resilience and dominance in the digital currency landscape:
If you’re going to put away billions of dollars for decades, you’re going to want a very powerful crypto network to defend it, and there really is no second best.
Bitcoin and Corporate Balance Sheets
In the interview, Saylor also highlighted Bitcoin’s potential to revolutionize corporate balance sheets. He described Bitcoin as the most powerful computer network globally, surpassing even the United States Navy in power. Saylor stated:
The fact that it runs on 17 gigawatts or more of electricity means it’s got more power than the United States Navy. That makes it nation-state resistant and nuclear-hardened.
MicroStrategy has been a significant player in the Bitcoin market, acquiring over 200,000 BTC with an average cost of $37,000 per Bitcoin.
