Key Points
- Michael Saylor, MicroStrategy’s executive chairman, owns $1 billion in Bitcoin.
- MicroStrategy, under Saylor’s leadership, holds approximately 226,500 BTC.
Michael Saylor, the leading figure of MicroStrategy, has disclosed that his Bitcoin assets are worth $1 billion.
Saylor, a well-known advocate for Bitcoin (BTC), has frequently spoken about Bitcoin’s potential, forecasting future value growth and endorsing it as an effective tool for long-term capital management.
MicroStrategy’s Bitcoin Reserve
MicroStrategy, guided by Saylor, has built a significant Bitcoin reserve, owning around 226,500 BTC as of the start of August.
Saylor, during a conversation at a Bitcoin Park, expressed optimism about the global adoption of Bitcoin.
With the current value of Bitcoin at $56,000, a billion dollars worth of Bitcoin would be approximately 17,857 BTC.
MicroStrategy’s Bitcoin Acquisition Strategy
The firm’s aggressive strategy of acquiring Bitcoin forms part of its larger investment approach. Saylor has stated that Bitcoin is a safeguard against inflation and a superior store of value compared to traditional assets.
MicroStrategy recently unveiled plans to generate $2 billion by selling its class A shares to further invest in Bitcoin and manage debt. The company, already the largest public holder of Bitcoin, submitted a filing to the SEC on August 1 to pursue this strategy.
The Virginia-based company aims to leverage Bitcoin’s strong performance, although the timeline for their most recent share sale is still unclear. The funds raised will be utilized for general corporate purposes, primarily to acquire more Bitcoin.
Saylor has consistently said that MicroStrategy will continue to purchase and hold Bitcoin for years to come, with no aggressive plans to sell.
