Bitcoin (BTC) has been experiencing a recovery from recent bearish trends, resulting in new gains. One individual benefitting from this resurgence is Michael Saylor, the co-founder and former CEO of MicroStrategy, who has been a long-time advocate and investor in Bitcoin. As the cryptocurrency’s value rises, so does Saylor’s substantial Bitcoin holdings.
Michael Saylor’s Bitcoin Holdings Value
In an exclusive interview with Bloomberg TV on August 7, Saylor revealed that he currently owns over $1 billion worth of BTC. Back in 2020, he shared in a post on X (formerly Twitter) that he held about 17,732 BTC purchased at an average price of $9,882 when Bitcoin was trading above $13,000. Since then, Bitcoin’s price has surged over fivefold, reaching a peak of over $73,000 in March 2024. Saylor emphasized his confidence in Bitcoin’s future potential by not selling any of his BTC holdings.
Saylor has no plans to liquidate his Bitcoin stash and is committed to further investing in BTC and expanding his holdings. He considers BTC to be an exceptional capital investment asset, suitable for individuals, families, institutions, corporations, and even countries, highlighting its unparalleled potential for long-term wealth preservation and growth.
Apart from Saylor’s significant Bitcoin holdings, MicroStrategy, the company he founded in 1989, also holds a substantial amount of Bitcoin. The company owns 226,500 BTC valued at around $12.94 billion at current exchange rates, purchased at an average price of $35,158 per BTC.
Despite the volatility of Bitcoin’s price, Saylor continues to acquire more BTC, likening the investment to securing prime real estate in a highly desirable location. He views Bitcoin’s volatility as a feature rather than a flaw, reaffirming the cryptocurrency’s superiority as an asset despite its price fluctuations.
“There’s Never A Bad Time To Buy Bitcoin” – Michael Saylor
Saylor firmly believes that there is no bad time to buy Bitcoin, implying that the cryptocurrency remains a valuable asset regardless of market conditions.
When questioned about whether Bitcoin’s recent market crash presents an investment opportunity, Saylor shared his investment strategy. He stated that determining the best time to buy Bitcoin is extremely challenging due to its volatile nature, leading MicroStrategy to invest in BTC opportunistically irrespective of market conditions or price levels.
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