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Michael Saylor Discloses $1B Personal Bitcoin Holdings, Highlights BTC's Strengths for Corporate Finance

王林
Release: 2024-08-09 00:00:11
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YEREVAN (CoinChapter.com) — Michael Saylor, the founder of MicroStrategy, disclosed in an interview that he personally owns $1 billion worth of Bitcoin.

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MicroStrategy (Nasdaq: MSTR) founder and Bitcoin bull Michael Saylor has revealed that he personally owns $1 billion worth of the flagship cryptocurrency, joining an exclusive club of massive Bitcoin “hodlers.”

In an interview with Bloomberg Television’s Sonali Basak on August 7, Saylor addressed a range of topics related to Bitcoin, including its environmental impact and his bullish view on the cryptocurrency as a prime investment.

Highlighting his personal Bitcoin holdings beyond his company’s massive stash, Basak asked Saylor, “Do you have a significant personal stack in addition to what you own through MicroStrategy and through MicroStrategy stock?”

To this, Saylor confirmed, “Yeah, I do have significant personal Bitcoin holdings. I think about four years ago, I tweeted that I have 17,732 Bitcoin. I haven’t sold any Bitcoin—I continue to acquire more Bitcoin.”

Based on Bitcoin’s price at the time of the interview (around $57,170), Saylor’s personal Bitcoin stash is valued at approximately $1,010,633,640. This staggering amount of Bitcoin places him among a select group of individuals known to own the largest Bitcoin holdings.

Among the few people reported to own more Bitcoin than Saylor are Binance Founder Changpeng Zhao, the Winklevoss Twins, and of course, Bitcoin creator Satoshi Nakamoto. However, it’s important to note that these figures are based on public data and may not fully account for everyone's holdings.

Highlighting Bitcoin’s Strength for Corporate Finance

In addition to discussing his personal Bitcoin investments, Saylor also touched on Bitcoin’s potential benefits for corporate finance. On Wednesday morning, he tweeted: “#Bitcoin will fix your corporate balance sheet.” During the interview, he further elaborated on this view.

“I think if you’re going to put away billions of dollars for decades, you’re going to want a very powerful crypto network to defend it and there really is no second best,” Saylor stated.

Highlighting Bitcoin’s unique strengths, he added, “Bitcoin is special because it is literally the most powerful computer network in the world. It’s got the most electrical power— it’s got the most computer power— it’s got the most economic power— it’s got the most political power.”

Instead of apologizing for Bitcoin's massive power usage, Saylor framed it as a strength, arguing that it makes the network highly resilient.

“The fact that it runs on 17 gigawatts or more of electricity means it’s got more power than the United States Navy. That makes it nation-state resistant and nuclear-hardened,” Saylor noted.

As Bitcoin’s price continues to fluctuate amid the current market activity, it remains to be seen how Saylor’s massive personal Bitcoin stash and MicroStrategy's BTC bet will fare in the coming months and years.

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