Bitcoin is on the rise again, with its price recovering from recent bearish trends. Michael Saylor, co-founder and former CEO of MicroStrategy, is reaping the benefits of this surge in value. Saylor, a long-time supporter and investor in Bitcoin, has seen his BTC holdings increase significantly as the cryptocurrency’s price climbs.
In an interview with Bloomberg TV on August 7, Saylor revealed that he now owns over $1 billion worth of Bitcoin. He initially disclosed in a 2020 post on X (formerly Twitter) that he held approximately 17,732 BTC, acquired at an average price of $9,882. With Bitcoin’s price soaring over fivefold since then, peaking at over $73,000 in March 2024, Saylor’s holdings have grown substantially. Despite this surge, Saylor has not sold any of his BTC, demonstrating his unwavering belief in the cryptocurrency’s future potential.
Saylor has made it clear that he has no intentions of liquidating his Bitcoin stash and is committed to further investing in BTC and expanding his holdings. He views Bitcoin as an exceptional capital investment asset, suitable for individuals, families, institutions, corporations, and even countries. Saylor believes that Bitcoin is unmatched in terms of long-term wealth preservation and growth, making it his preferred choice for investment.
In addition to his personal Bitcoin holdings, MicroStrategy, the company Saylor co-founded in 1989, also holds a significant amount of Bitcoin. The company owns 226,500 BTC valued at approximately $12.94 billion, purchased at an average price of $35,158 per BTC. Despite Bitcoin’s price volatility, Saylor continues to acquire more BTC, likening the investment to securing prime real estate in a desirable location. He sees Bitcoin’s volatility as a feature rather than a flaw, emphasizing its superiority as an asset despite price fluctuations.
Saylor’s stance on Bitcoin as an ever-valuable asset is reflected in his belief that there is never a bad time to buy Bitcoin. He asserts that regardless of market conditions, Bitcoin remains a valuable investment. When questioned about BTC’s recent market crash as a potential investment opportunity, Saylor revealed that MicroStrategy invests in Bitcoin opportunistically, regardless of market conditions or price levels.
Saylor’s unwavering confidence in Bitcoin’s long-term potential and his commitment to expanding his holdings highlight his belief in the cryptocurrency’s future success. As Bitcoin continues to gain traction and attract investors, individuals like Michael Saylor serve as prominent figures advocating for its value and potential as a leading asset in the digital economy.
