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Home CRYPTO

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

by Sham
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.”

Tags: BitcoinBloombergCynthia LummisMichael SaylorMicrostrategy
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