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MicroStrategy’s Michael Saylor Personally Holds $1 Bln In Bitcoin
MicroStrategy Chairman Michael Saylor has revealed he personally holds more than $1 billion in Bitcoin besides his company
Michael Saylor, the co-founder and Chairman of American business intelligence and software firm MicroStrategy has revealed his Bitcoin (BTC) holdings.
Saylor made this revelation earlier today, confirming previous speculations regarding his personal BTC bets.
Michael Saylor and Bitcoin
While it is not surprising that Michael Saylor has Bitcoin holdings, the size of the investments comes as a shock. For context, Saylor allegedly revealed that he owns more than $1 billion in Bitcoin.
To many in the industry, the majority of his focus is hinged on MicroStrategy which has continued to accumulate Bitcoin.
However, it turns out that he also has his interest at heart as much as he has that of his business intelligence software company.
For many years, the focus rested on MicroStrategy’s Bitcoin accumulation spree. Under Michael Saylor’s leadership, the firm began to acquire BTC in 2020 just after the global Covid-19 pandemic hit.
Four years down the line, the firm has successfully acquired a total of 226,500 Bitcoin units as of July 30.
Based on today’s price, this entire stash is worth around $12.7 billion. Therefore, Saylor’s personal Bitcoin holding corresponds with about 10% of MicroStrategy’s stash.
This Michael Saylor update is coming at a time when the broader digital currency ecosystem is recording intense BTC adoption. From spot Bitcoin ETF products to US political landscape, the focus on BTC is growing at a very fast pace.
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