Bitcoin

Here’s How Much Michael Saylor’s Personal Bitcoin Stash Is Now Worth

Published

5 months ago

August 9, 2024

With Bitcoin (BTC) witnessing new gains as its price recovers from bearish trends, Michael Saylor, co-founder and former Chief Executive Officer (CEO) of MicroStrategy, is reaping the benefits. Saylor has been a vocal supporter and investor of Bitcoin for years. As the value of the cryptocurrency surges, so does his considerable BTC stash.

How Much Michael Saylor’s BTC Holdings Is Worth

In an exclusive interview with Bloomberg TV on August 7, Saylor divulged his substantial Bitcoin holdings, declaring that he now owns over $1 billion worth of BTC. The MicroStrategy co-founder revealed in an X (formerly Twitter) post in 2020 that he held about 17,732 BTC, bought at an average price of $9,882.

At the time, Bitcoin’s price was trading above the $13,000 mark. Since then, its price has skyrocketed over fivefold, peaking at more than $73,000 during its all time high in March 2024. Saylor has revealed that he has not sold any BTC, underscoring his strong belief in the cryptocurrency’s future potential.

The MicroStrategy former CEO has also disclosed that he had no future plans of liquidating his Bitcoin stash. He emphasized his commitment to both investing further in BTC and expanding his holdings.

During the interview, Saylor declared that BTC was an exceptional capital investment asset, whether for an individual, family, institutional corporation, or even a country. He asserted that there was no other asset that rivals BTX when it came to investing his money, underscoring his steadfast belief in the cryptocurrency as the premier choice for long term wealth preservation and growth.

Excluding Saylor’s considerable Bitcoin stash, MicroStrategy also holds a substantial amount of Bitcoin. The company which was founded in 1989 by Saylor owns a staggering 226,500 BTC valued at approximately $12.94 billion, based on current exchange rates. MicroStrategy’s BTC holdings were also bought at an average price of $35,158 per BTC.

Despite Bitcoin’s price volatility and instability, Saylor continues to acquire more BTC, comparing the investment to securing prime real estate in the most coveted location. He asserted that Bitcoin’s volatility is “a feature and not a bug,” indicating that the cryptocurrency remains a superior asset in spite of its persistent price fluctuations.

“There’s Never A Bad Time To Buy Bitcoin” – Michael Saylor

During his interview, Saylor affirmed that there was no such thing as a bad time to buy Bitcoin. His statement suggests that regardless of market conditions, Bitcoin remains a constantly valuable asset.

When asked if he views BTC’s recent market crash as a potential investment opportunity, Saylor divulged a bit of his investment strategy.

According to the MicroStrategy co-founder, determining the best time to buy Bitcoin was virtually impossible, given the cryptocurrency’s volatile nature and price instability. As a result, he disclosed that MicroStrategy invests in BTC at any opportune time, regardless of market conditions or price level.