Michael Saylor Announces He Owns $1 Billion In Bitcoin Personally
In a recent Bloomberg interview, Michael Saylor, executive chairman and co-founder of MicroStrategy, revealed that beyond his company's holdings, he personally owns at least 17,732 Bitcoin, currently valued at approximat...
Archive context
Older archive item. Useful for background and entity history, but not a fresh market-moving signal.
In a recent Bloomberg interview, Michael Saylor, executive chairman and co-founder of MicroStrategy, revealed that beyond his company's holdings, he personally owns at least 17,732 Bitcoin, currently valued at approximately $1 billion. Saylor emphasized his commitment to Bitcoin, stating, "I haven't sold any bitcoin, I continue to acquire more bitcoin. It's a great capital investment asset for an individual, a family, an institution, a corporation, or a country. And I can't see a better place to put my money."
#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, 2024Saylor described Bitcoin as "the apex property of the United States" in light of recent political developments. He highlighted U.S. Senator Cynthia Lummis's proposed legislation to create a U.S. Strategic Bitcoin Reserve, which aims to accumulate up to 1 million BTC over time if enacted. Additionally, former President Donald Trump has pledged not to sell the nation's seized Bitcoin, famously advising at the Bitcoin 2024 Conference in Nashville to "never sell your Bitcoin."
🇺🇸 Donald Trump: "Never sell your #Bitcoin" ✊ pic.twitter.com/YS9QnOHleJ
— Bitcoin Magazine (@BitcoinMagazine) August 5, 2024Saylor then went on to note the significant shift in political perspectives, stating, "I think that the conversation has shifted and every politician in the world has started to realize that Bitcoin is the most desirable property in cyberspace - it's the future."
Saylor concluded the interview by emphasizing the importance of holding Bitcoin as a long-term capital investment rather than spending it on frivolous things like coffee or ice cream, describing Bitcoin as "the most desirable property in the universe."
Why this matters
This bitcoin story adds another data point to the current market tape and is useful when read alongside nearby source coverage.
Original source
Read on Bitcoin MagazineRelated market context
Tax on Bitcoin Gains? Dutch Government to Introduce Capital Gains Tax From 2028
Bitcoin Magazine Tax on Bitcoin Gains? Dutch Government to Introduce Capital Gains Tax From 2028 Dutch people could soon be paying...
Saylor Says Strategy, Strive Can Win Share of $318.5T With Bitcoin
Bitcoin finance is competing for allocations within global equity and debt markets totaling $318.5 trillion, according to Michael...
Kalshi’s $40 billion growth story hits tough questions about its trading volume
Kalshi is ending a trader-volume incentive program nearly a year early as scrutiny of activity in its crypto markets intensifies....
The SEC’s Buyback Guidance Is Narrower Than It Looks. Does Yours Pass the Test?
Crypto projects that buy back their own tokens have operated under a dour legal cloud within the US for nearly a decade. A buyback...
Bitwise Head of Research: Sovereigns Selling Gold for Bitcoin | Ryan Rasmussen
Bitcoin Magazine Bitwise Head of Research: Sovereigns Selling Gold for Bitcoin | Ryan Rasmussen When Bitcoin fell from $125K to $6...
Ondo Finance’s tokenized stocks hit a record $1.26 billion in TVL
The rapid growth of Ondo Finance's tokenized stocks highlights increasing global demand for accessible, low-friction investment op...