Michael Saylor Reveals $1B Personal Bitcoin Investment, Doubles Down on BTC as 'Great Capital Investment'

Michael Saylor, the executive chairman of MicroStrategy Inc. MSTR, has revealed his substantial personal investment in Bitcoin BTC/USD.

Michael Saylor, the executive chairman of MicroStrategy (NASDAQ:MSTR), has revealed that he personally owns about $1 billion worth of Bitcoin (CRYPTO: BTC).

In an interview with Bloomberg, Saylor said he continues to buy more of the flagship digital asset.

“I can’t see a better place to put my money.”

Saylor had earlier disclosed that he owned 17,732 Bitcoin in 2018. He declined to disclose the exact amount of his current holdings but confirmed that he hasn’t sold any tokens since then.

TheГлава MicroStrategy発言Bitcoin Heavy Personal Portfolio, Company to Sell $500 Million Stock to Buy More BTClarge public corporate holder of Bitcoin, with 226,500 tokens as of the end of July. The company began acquiring Bitcoin in 2020 as a hedge against inflation.

Despite the company reporting a second consecutive quarterly loss because of an impairment charge on its Bitcoin holdings, valued at about $13 billion, MicroStrategy stock has performed exceptionally well.

Since the company started buying Bitcoin, its shares have gained nearly 1,000%, outpacing even Bitcoin, which rose about 500% during the same period.

The above is the detailed content of Michael Saylor Reveals $1B Personal Bitcoin Investment, Doubles Down on BTC as 'Great Capital Investment'. For more information, please follow other related articles on the PHP Chinese website!