Bitrabo Editorial
As Bitcoin’s value rises, Michael Saylor, co-founder and former CEO of MicroStrategy, sees substantial growth in his Bitcoin holdings. Saylor, a long-time Bitcoin advocate, recently disclosed his ownership of over $1 billion worth of BTC.
Michael Saylor’s BTC Holdings Value
In an interview with Bloomberg TV, Saylor revealed that he holds more than $1 billion in Bitcoin. Initially owning 17,732 BTC purchased at an average cost of $9,882, Saylor’s holdings have surged in value as Bitcoin’s price increased over fivefold, reaching over $73,000 at its peak in March 2024.
Saylor reiterated his belief in Bitcoin’s future by stating his undivided commitment to hold onto his BTC stash and expand his investments in the cryptocurrency.
Highlighting Bitcoin’s unparalleled potential as a long-term investment, Saylor emphasized his steadfast belief in BTC’s ability to preserve and grow wealth over time, considering it a superior investment asset for individuals, families, institutions, and even countries.
MicroStrategy, the company founded by Saylor in 1989, also boasts significant Bitcoin holdings amounting to 226,500 BTC valued at approximately $12.94 billion. The company’s BTC was bought at an average price of $35,158 per BTC.
Saylor continues to view Bitcoin as a secure investment akin to prime real estate, stating that Bitcoin’s volatility is a notable characteristic that does not diminish its value as a premier asset.
“There’s Never A Bad Time To Buy Bitcoin” – Michael Saylor
Saylor expressed his belief that Bitcoin remains a valuable asset regardless of market conditions, stating that there is never a bad time to acquire Bitcoin. He emphasized MicroStrategy’s strategy of investing opportunistically in BTC, irrespective of market fluctuations or price levels.