{"id":35625,"date":"2024-08-07T18:40:34","date_gmt":"2024-08-07T18:40:34","guid":{"rendered":"https:\/\/crowdfundjunction.com\/blog\/michael-saylors-bet-on-bitcoin-paying-off-his-btc-holdings-now-valued-at-1b\/"},"modified":"2024-08-07T18:40:34","modified_gmt":"2024-08-07T18:40:34","slug":"michael-saylors-bet-on-bitcoin-paying-off-his-btc-holdings-now-valued-at-1b","status":"publish","type":"post","link":"https:\/\/crowdfundjunction.com\/blog\/michael-saylors-bet-on-bitcoin-paying-off-his-btc-holdings-now-valued-at-1b\/","title":{"rendered":"Michael Saylor\u2019s bet on Bitcoin paying off, his BTC holdings now valued at $1B"},"content":{"rendered":"<p><b>(Originally posted on : CoinJournal: Latest Crypto News, Altcoin News and Cryptocurrency Comparison )<\/b><br \/>\n<\/p>\n<div>\n<div class=\"post-article-image  -mt-24  mb-8  lg:-mt-32  rounded  overflow-hidden\">\n<picture><source srcset=\"https:\/\/coinjournal.net\/wp-content\/uploads\/imagecache\/2024\/08\/Michael-Saylor-smartcrop-750x375.webp\" type=\"image\/webp\" media=\"(min-width: 750px)\"\/><source srcset=\"https:\/\/coinjournal.net\/wp-content\/uploads\/imagecache\/2024\/08\/Michael-Saylor-smartcrop-363x181.webp\" type=\"image\/webp\"\/><source srcset=\"https:\/\/coinjournal.net\/wp-content\/uploads\/imagecache\/2024\/08\/Michael-Saylor-smartcrop-750x375.jpg\" type=\"image\/jpeg\" media=\"(min-width: 750px)\"\/><source srcset=\"https:\/\/coinjournal.net\/wp-content\/uploads\/imagecache\/2024\/08\/Michael-Saylor-smartcrop-363x181.jpg\" type=\"image\/jpeg\"\/>\n<\/picture>                    <\/div>\n<ul>\n<li>Michael Saylor personally holds $1 billion in Bitcoin, owning 17,732 BTC.<\/li>\n<li>MicroStrategy holds 226,500 BTC, valued at over $12 billion, with a $37,000 average cost.<\/li>\n<li>Saylor views Bitcoin as a superior, secure asset and advocates continuous investment.<\/li>\n<\/ul>\n<p>In a recent <a href=\"https:\/\/www.bloomberg.com\/news\/videos\/2024-08-07\/there-s-never-a-bad-time-to-buy-bitcoin-michael-saylor-says\">interview<\/a> on Bloomberg Television, Michael Saylor, the Chairman of MicroStrategy, revealed he holds Bitcoin worth approximately $1 billion.<\/p>\n<p>This makes him one of the most prominent BTC holders in the world, joining the ranks of figures such as Binance Founder Changpeng Zhao, the Winklevoss Twins, and Satoshi Nakamoto.<\/p>\n<h2>Michael Saylor has not sold any of his BTC holdings<\/h2>\n<p>Saylor\u2019s endorsement of <a href=\"https:\/\/coinjournal.net\/bitcoin\/what-is-bitcoin\/\">Bitcoin<\/a> as a capital investment asset is both passionate and unwavering. In his discussion with Bloomberg\u2019s Sonali Basak on August 7, Saylor confirmed that he possesses a significant personal stack of Bitcoin, which he first disclosed four years ago.<\/p>\n<p>At that time, he announced owning 17,732 BTC, a figure that has only grown since.<\/p>\n<blockquote class=\"twitter-tweet\" data-width=\"500\" data-dnt=\"true\">\n<p lang=\"en\" dir=\"ltr\">Some have asked how much <a href=\"https:\/\/twitter.com\/hashtag\/BTC?src=hash&amp;ref_src=twsrc%5Etfw\">#BTC<\/a> I own. I personally <a href=\"https:\/\/twitter.com\/hashtag\/hodl?src=hash&amp;ref_src=twsrc%5Etfw\">#hodl<\/a> 17,732 BTC which I bought at $9,882 each on average. I informed MicroStrategy of these holdings before the company decided to buy <a href=\"https:\/\/twitter.com\/hashtag\/bitcoin?src=hash&amp;ref_src=twsrc%5Etfw\">#bitcoin<\/a> for itself.<\/p>\n<p>\u2014 Michael Saylor\u26a1\ufe0f (@saylor) <a href=\"https:\/\/twitter.com\/saylor\/status\/1321422012380753921?ref_src=twsrc%5Etfw\">October 28, 2020<\/a><\/p>\n<\/blockquote>\n<p>Despite the significant appreciation of Bitcoin\u2019s value over the years, Saylor has not sold any of his holdings, continuously acquiring more of the cryptocurrency.<\/p>\n<h2>Seeing Bitcoin as a generational wealth asset<\/h2>\n<p>For Saylor, Bitcoin represents more than just a speculative investment. He describes it as a revolutionary financial tool, superior to both physical and traditional financial capital.<\/p>\n<p>According to Saylor, Bitcoin is an unparalleled asset that offers generational wealth potential for individuals, families, corporations, and even countries. His commitment to Bitcoin is rooted in its perceived stability and security, as well as its ability to preserve value over time.<\/p>\n<p>During the interview, Saylor emphasized his belief that \u201cthere is never a bad time to buy Bitcoin.\u201d He likened Bitcoin to \u201ccyber Manhattan,\u201d suggesting that investing in it is akin to acquiring prime real estate in the most coveted location.<\/p>\n<p>This analogy highlights his conviction that Bitcoin, as a scarce and desirable asset, will always hold significant value, regardless of market fluctuations.<\/p>\n<h2>MicroStrategy has accumulated 226,500 BTC under Saylor\u2019s leadership<\/h2>\n<p>Saylor\u2019s investment philosophy extends beyond his personal holdings to his leadership of MicroStrategy. Under his guidance, the company has amassed a substantial Bitcoin reserve, totalling 226,500 BTC, valued at over $12 billion.<\/p>\n<p>This massive investment represents a significant portion of the company\u2019s balance sheet. MicroStrategy\u2019s average cost per Bitcoin stands at approximately $37,000, and the company is set to execute a 10-to-1 stock split, which could further impact its financial structure and stock performance.<\/p>\n<p>In addition to discussing his personal holdings, Saylor also addressed Bitcoin\u2019s broader implications for corporate finance. He asserts that Bitcoin can \u201cfix\u201d corporate balance sheets by providing a secure and stable asset for long-term investment.<\/p>\n<p>Saylor points to Bitcoin\u2019s immense computational and electrical power, which he argues makes it \u201cnation state resistant\u201d and \u201cnuclear-hardened.\u201d He proudly notes that the Bitcoin network consumes more electricity than the United States Navy, a testament to its robust security and resilience.<\/p>\n<p>However, Saylor\u2019s enthusiasm for Bitcoin is not just limited to its investment potential. He views cryptocurrency as a groundbreaking technological advancement, with the power to reshape financial systems globally.<\/p>\n<div class=\"post-meta\">\n<hr class=\"mb-6\"\/>\n<h6 class=\"text-3xl  mb-4  text-green-300\">Share this article<\/h6>\n<hr class=\"mb-6\"\/>\n<h6 class=\"text-3xl  mb-4  text-green-300\">Categories<\/h6>\n<hr class=\"mb-6\"\/>\n<h6 class=\"text-3xl  mb-4  text-green-300\">Tags<\/h6>\n<\/p><\/div>\n<\/p><\/div>\n<p><script async src=\"\/\/platform.twitter.com\/widgets.js\" charset=\"utf-8\"><\/script><br \/>\n<br \/><a href=\"https:\/\/coinjournal.net\/news\/michael-saylors-bet-on-bitcoin-paying-off-his-btc-holdings-now-valued-at-1b\/\">Source link <\/a><br \/>\n<br \/><\/p>\n","protected":false},"excerpt":{"rendered":"<p>(Originally posted on : CoinJournal: Latest Crypto News, Altcoin News and Cryptocurrency Comparison ) Michael Saylor personally holds $1 billion in Bitcoin, owning 17,732 BTC. MicroStrategy holds 226,500 BTC, valued at over $12 billion, with a $37,000 average cost. Saylor views Bitcoin as a superior, secure asset and advocates continuous investment. In a recent interview [&hellip;]<\/p>\n","protected":false},"author":7,"featured_media":35626,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"om_disable_all_campaigns":false,"_monsterinsights_skip_tracking":false,"_monsterinsights_sitenote_active":false,"_monsterinsights_sitenote_note":"","_monsterinsights_sitenote_category":0},"categories":[35],"tags":[],"_links":{"self":[{"href":"https:\/\/crowdfundjunction.com\/blog\/wp-json\/wp\/v2\/posts\/35625"}],"collection":[{"href":"https:\/\/crowdfundjunction.com\/blog\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/crowdfundjunction.com\/blog\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/crowdfundjunction.com\/blog\/wp-json\/wp\/v2\/users\/7"}],"replies":[{"embeddable":true,"href":"https:\/\/crowdfundjunction.com\/blog\/wp-json\/wp\/v2\/comments?post=35625"}],"version-history":[{"count":0,"href":"https:\/\/crowdfundjunction.com\/blog\/wp-json\/wp\/v2\/posts\/35625\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/crowdfundjunction.com\/blog\/wp-json\/wp\/v2\/media\/35626"}],"wp:attachment":[{"href":"https:\/\/crowdfundjunction.com\/blog\/wp-json\/wp\/v2\/media?parent=35625"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/crowdfundjunction.com\/blog\/wp-json\/wp\/v2\/categories?post=35625"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/crowdfundjunction.com\/blog\/wp-json\/wp\/v2\/tags?post=35625"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}