Thomas Daniels
Michael Saylor, the executive chairman of MicroStrategy, has unveiled his personal Bitcoin holdings, totaling $1 billion. Saylor, a notable Bitcoin advocate, has consistently championed Bitcoin’s potential, forecasting significant value appreciation and recommending it as a robust option for long-term capital management.
Under Saylor’s guidance, MicroStrategy has also accumulated a significant Bitcoin reserve, holding approximately 226,500 BTC as of August 1. “I think we see great signs of Bitcoin adoption around the world,” Saylor remarked during a fireside chat at Bitcoin Park.
At the current price of $56,000 per Bitcoin, Saylor’s $1 billion investment translates to approximately 17,857 BTC. MicroStrategy’s aggressive Bitcoin acquisition strategy is a key component of its broader investment approach. Saylor has described Bitcoin as a hedge against inflation and a superior store of value compared to traditional assets.
Recently, MicroStrategy announced plans to raise $2 billion through the sale of its Class A shares, with the proceeds earmarked for further Bitcoin investments and debt management. The company, already the largest public Bitcoin holder, filed with the SEC on August 1 to pursue this strategy.
The Virginia-based firm aims to leverage Bitcoin’s robust performance, though the timeline for the latest share sale remains unspecified. The proceeds will be used for general corporate purposes, primarily acquiring more Bitcoin. Saylor has affirmed that MicroStrategy will continue to buy and hold Bitcoin for the long term, without any immediate plans to sell.
