Michael Saylor's Personal Bitcoin Holdings Near $1B, Continues To Invest Heavily

Author: Murtuza Merchant | August 07, 2024 01:52pm

Michael Saylor, the executive chairman of MicroStrategy Inc. (NASDAQ:MSTR), has revealed his substantial personal investment in Bitcoin (CRYPTO: BTC).

In an interview with Bloomberg , Saylor said that his personal Bitcoin holdings have swelled to approximately $1 billion.

“I continue to acquire more,” Saylor stated, emphasizing his unwavering belief in the digital asset. “I think it’s a great capital investment asset for an individual, family, institutional corporation or country. I can’t see a better place to put my money.”

This revelation comes nearly four years after Saylor’s initial public disclosure of owning 17,732 Bitcoin.

While he declined to provide an exact figure of his current holdings, Saylor confirmed that he has not sold any of his tokens since that initial announcement.

Also Read: Bitcoin Could Dip to $40,000 Amid Market Turbulence: 10x Research

MicroStrategy, under Saylor’s leadership, has become the largest public corporate holder of Bitcoin, with 226,500 tokens in its possession as of July’s end.

The company embarked on its Bitcoin acquisition strategy in 2020, viewing it as a hedge against inflation.

Despite the company reporting a second consecutive quarterly loss due to an impairment charge against its Bitcoin holdings, valued at approximately $13 billion, MicroStrategy’s stock has seen a remarkable surge.

Since initiating its Bitcoin purchases, the company’s shares have skyrocketed by almost 1,000%, outpacing even Bitcoin’s impressive 500% gain during the same period.

What’s Next: For those seeking to delve deeper into the future of digital assets and their impact on personal and corporate finance, Benzinga’s upcoming Future of Digital Assets event on Nov. 19 promises to offer valuable insights.

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Posted In: $BTC MSTR