Billionaire Michael Saylor reports personal holdings of over 1 billion USD in Bitcoin
3 min readMichael Saylor, the CEO and co-founder of MicroStrategy, has revealed that he personally owns more than 1 billion USD in Bitcoin.
In an interview with Bloomberg, Saylor called BTC “Cyber-Manhattan” and emphasized that investing in top-tier assets is always a good decision.
He did not reveal the exact amount of his BTC assets.
However, in a 2020 post on X, he revealed that he owns 17,732 BTC, which he originally purchased for about 175 million USD.
Some have asked how much #BTC I own. I personally #hodl 17,732 BTC which I bought at $9,882 each on average. I informed MicroStrategy of these holdings before the company decided to buy #bitcoin for itself.
— Michael Saylor⚡️ (@saylor) October 28, 2020
Saylor emphasizes the superiority of Bitcoin
During the interview, Saylor highlighted BTC superiority over physical and financial capital, praising its potential to create significant wealth for individuals, businesses and nations alike.
He also commented on the recent market crash that affected BTC, explaining that such volatility is in the nature of BTC.
“The volatility [of Bitcoin] creates tens of billions of dollars of credit and liquidity anywhere and for anyone in the world in the short term,” Saylor said.
In addition, he noted that long-term volatility leads to “superior performance and asset durability.”
MicroStrategy, the company he runs, has also invested significantly in BTC.
MicroStrategy currently holds around 226,500 BTC worth about 13 billion USD.
This strategic move not only boosted the company’s stock price but also made the company the largest public BTC holder.
Speaking at the recent BTC conference, Saylor predicted that BTC market capitalization could reach 280 trillion USD by 2045.
He argued that BTC, which currently represents only 0.1% of global wealth, has the potential to reach 7% in a base case scenario, equivalent to a price of 13 million USD per Bitcoin.
In more optimistic scenarios, he imagines that BTC could capture up to 22% of global wealth, with each Bitcoin potentially worth 49 million USD.
Saylor’s bullish stance on BTC stems from his belief that the cryptocurrency is a more reliable store of value compared to traditional assets.
He emphasized that unlike fiat currencies and physical assets, BTC value is not diluted by geopolitical or economic crises.
Bitcoin-Reserve ist “Louisiana Purchase Moment”
Just recently, Saylor compared the idea of the United States purchasing a “strategic reserve” of BTC to the “Louisiana Purchase Moment.”
Speaking on CNBC on August 6, Saylor expressed his enthusiastic support for the BTC bill proposed by Wyoming Senator Cynthia Lummis.
This bill would mandate the U.S. Treasury to gradually accumulate 1 million BTC, which is nearly 5% of the total BTC supply.
Traditional finance operates 19% of the time. Capital, like air & water, should be available 100% of the time. #Bitcoin is available to everyone, everywhere, all the time. pic.twitter.com/W3RO7CRq8V
— Michael Saylor⚡️ (@saylor) August 6, 2024
Saylor drew a historical parallel by pointing to Thomas Jefferson’s purchase of the Louisiana Territory for 15 million USD in 1803, which nearly doubled the size of the United States.
He described BTC as a “scarce, desirable digital asset” and argued that it was a great idea to exchange a small amount of currency or paper for a digital asset that billions of people would want to own in 100 years.
“Bitcoin is a scarce, desirable digital asset. It’s a great idea to exchange a bit of money or paper for something that billions of people will want to own in 100 years.”
