WITH Bitcoins (BTC) witnessing novel gains as price recovers from downtrends, Michael SaylorCo-founder and former CEO of MicroStrategy, is reap the benefits. Saylor has been a vocal Bitcoin advocate and investor for years. As the cryptocurrency’s value has increased, so has his sizable BTC stash.
How Much Are Michael Saylor’s BTC Assets Worth?
In an exclusive interview On August 7, in an interview with Bloomberg TV, Saylor revealed his significant Bitcoin resourcesdeclaring that now has BTC worth over $1 billion. MicroStrategy Co-Founder Revealed in X (Formerly Twitter) fasting in 2020, he held about 17,732 BTC, purchased at an average price of $9,882.
At that time, the price of bitcoin was commercial above $13,000. Since then, its price has skyrocketed more than fivefold, peaking at over $73,000 during the highest level of all time In March 2024, Saylor revealed that he had not sold any BTC, emphasizing his forceful belief in the future potential of cryptocurrency.
The former MicroStrategy CEO also revealed that he has no future plans to liquidate his Bitcoin holdings. He emphasized his commitment to both further investing in BTC and expanded its resources.
During the interview, Saylor stated that BTC is exceptional investment capitalwhether it be for an individual, a family, an institutional corporation, or even a country. He claimed that there is no other asset that can compete with BTX when it comes to investing his money, emphasizing his unwavering belief that the cryptocurrency is the best choice for long-term wealth preservation and growth.
Excluding Saylor’s significant amount of Bitcoin, MicroStrategy also holds a significant amount of Bitcoin. The company, which was founded in 1989 by Saylor has a staggering 226,500 BTC, valued at approximately $12.94 billion, based on current exchange rates. MicroStrategy’s BTC Assets were also bought at an average price of $35,158 per BTC.
Despite the volatility and instability of the Bitcoin price, Saylor continues to acquire more BTC, comparing the investment to securing real estate in the most desirable location. He claimed that Bitcoin Volatility is a “feature, not a bug,” indicating that the cryptocurrency remains a valuable asset despite constant price fluctuations.
“There is never a bad time to buy Bitcoin” – Michael Saylor
In the interview, Saylor confirmed that there is no such thing as a bad time to buy bitcoinHis statement suggests that regardless of market conditions, Bitcoin remains a consistently valuable asset.
When asked if he watches The Last BTC Market Crash as a potential investment opportunity, Saylor revealed part of his investment strategy.
According to the co-founder of MicroStrategy, the term best time to buy bitcoin was virtually impossible given the volatile nature of the cryptocurrency and price volatility. As a result, he revealed that MicroStrategy invests in BTC at any time, regardless of market conditions or price levels.
Featured image created with Dall.E, chart from Tradingview.com
