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BlockNews
Home CRYPTO

Michael Saylor Discloses Over $1 Billion Worth of Personal Bitcoin Holdings

Michael Juanico by Michael Juanico
August 7, 2024
in CRYPTO
Reading Time: 2 mins read
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  • Michael Saylor, executive chairman and co-founder of MicroStrategy, personally owns at least 17,732 Bitcoin, currently valued at approximately $1 billion.
  • Saylor described Bitcoin as “the apex property of the United States” and highlighted recent political developments like Senator Cynthia Lummis’s proposed legislation to create a U.S. Strategic Bitcoin Reserve and former President Donald Trump’s pledge not to sell the nation’s seized Bitcoin.
  • Saylor emphasized the importance of holding Bitcoin as a long-term capital investment rather than spending it on frivolous things, describing Bitcoin as “the most desirable property in the universe.”

MicroStrategy executive chairman Michael Saylor recently revealed in a Bloomberg interview that he personally owns at least 17,732 Bitcoin, valued at around $1 billion. This is in addition to the large Bitcoin holdings of his company MicroStrategy.

JUST IN: Michael Saylor reveals he personally holds more than $1 billion worth of #Bitcoin

— BlockNews.com (@blocknewsdotcom) August 7, 2024

Saylor’s Commitment to Bitcoin

In the interview, Saylor emphasized his strong commitment to Bitcoin, stating that he continues to acquire more and has no plans to sell. He views Bitcoin as a great long-term capital investment asset for individuals, families, institutions, corporations, and even countries. In his opinion, there is no better asset to invest in.

Bitcoin as the “Apex Property”

Saylor described Bitcoin as the “apex property of the United States” in light of recent political developments. He pointed to Senator Cynthia Lummis‘s proposed legislation to create a U.S. Strategic Bitcoin Reserve aiming to accumulate up to 1 million BTC. Saylor also noted former President Donald Trump’s pledge to not sell the government’s seized Bitcoin and famous advice to “never sell your Bitcoin.”

Shifting Political Perspectives on Bitcoin

According to Saylor, the political conversation has shifted and politicians worldwide are starting to realize Bitcoin’s desirability as the most valuable digital property and the future of money.

Bitcoin as a Long-Term Investment

Saylor concluded by emphasizing the importance of holding Bitcoin as a long-term capital investment, rather than spending it on trivial things. He described Bitcoin as “the most desirable property in the universe.”

Disclaimer: BlockNews provides independent reporting on crypto, blockchain, and digital finance. All content is for informational purposes only and does not constitute financial advice. Readers should do their own research before making investment decisions. Some articles may use AI tools to assist in drafting, but every piece is reviewed and edited by our editorial team of experienced crypto writers and analysts before publication.
Tags: BitcoinBloombergCynthia LummisMichael SaylorMicrostrategy
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Michael Juanico

Michael Juanico

Michael is a BSBA Management graduate from Mindanao State University and has been a professional content writer since 2019. He began exploring cryptocurrency in 2021 and has since made blockchain and digital assets his primary focus. For nearly four years, Michael has contributed research and editorial content at Aiur Labs and BlockNews, producing clear and accessible coverage of market trends, trading strategies, and project developments. He is transparent about his personal holdings in Bitcoin, TRON, and select meme tokens, combining writing expertise with hands-on market experience to deliver trustworthy insights to readers.

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