Michael Saylor Reveals Over $1 Billion in Bitcoin Holdings

Michael Saylor, the founder of MicroStrategy, disclosed to Bloomberg that he personally owns the leading cryptocurrency valued at over $1 billion.

#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

“About four years ago, I tweeted about owning 17,732 BTC. [Since then] I haven’t sold a single bitcoin, only continued to buy,” he stated.

In October 2020, Saylor indeed reported holding 17,732 BTC, acquired at an average price of $9,882. In December 2021, he confirmed holding the same amount of the leading cryptocurrency.

In August 2024, when asked by a Bloomberg journalist about the current amount of bitcoin he holds, Saylor briefly replied: “At least as much.” Thus, the MicroStrategy founder declined to disclose a more precise figure.

“It’s an excellent investment asset for an individual, family, institution, company, or country. I see no better investment option,” Saylor declared.

He also referred to digital gold as “America’s supreme property” in light of recent political events. Saylor noted Senator Cynthia Lummis’s proposal to create a national bitcoin reserve. Additionally, presidential candidate Donald Trump saw the leading cryptocurrency as a solution to the U.S. national debt problem.

“I think the discussion has changed, and every politician in the world has begun to realize that bitcoin is the most desirable property in cyberspace, it’s the future,” stated the MicroStrategy founder.

Back in July, Saylor predicted that bitcoin would rise to $13 million by 2045.