Michael Saylor’s Bitcoin holdings, disclosed in 2020, have skyrocketed in value, potentially exceeding $1 billion, showcasing his steadfast belief in the cryptocurrency.
Saylor, chairman and co-founder of tech firm MicroStrategy, announced in 2020 that he personally owned 17,732 BTC, purchased for $175.2 million. Today, that investment could be valued at over $1.1 billion, reflecting Bitcoin’s remarkable surge in value.
While it’s possible Saylor may have sold some of his Bitcoin, it’s more probable that he has increased his holdings, solidifying his position as a significant player in the cryptocurrency market.
MicroStrategy adopted a Bitcoin investment strategy in August 2020 to enhance returns for shareholders and hedge against inflation. Since then, Saylor has been an advocate for Bitcoin as “digital gold,” advocating for its superiority as an investment.
Despite skeptics, Saylor has remained committed to Bitcoin, famously stating his intention to “buy the top forever.” MicroStrategy’s continued purchases of Bitcoin have resulted in the firm accumulating 193,000 BTC, valued at over $12 billion.
As one of the largest institutional holders of Bitcoin, MicroStrategy’s stock (MSTR on the Nasdaq) has surged over 600% since its initial Bitcoin purchase, providing investors with exposure to the cryptocurrency market.
Saylor has consistently emphasized the importance of personally owning Bitcoin as a means of wealth preservation, highlighting its ability to facilitate seamless and secure transactions across borders.
His unwavering support for Bitcoin underscores its growing acceptance and adoption in mainstream finance, positioning it as a viable alternative investment and store of value in an increasingly digital world.
