With Bitcoin (BTC) witnessing new gains as its price recovers from bearish trends, Michael Saylor, co-founder and former Chief Executive Officer (CEO) of
Michael Saylor, the co-founder and former CEO of MicroStrategy, is known for his bullish stance on Bitcoin and his massive BTC stash. As Bitcoin price recovers from bearish trends and makes new gains, Saylor's holdings are reaping the benefits. Here's a closer look at how much Michael Saylor's BTC holdings are currently worth.
During an interview with Bloomberg TV on August 7, Saylor revealed his massive Bitcoin holdings, stating that he now owns over $1 billion worth of BTC. Earlier, in an X (formerly Twitter) post in 2020, the MicroStrategy co-founder disclosed that he had acquired about 17,732 BTC at an average price of $9,882.
At the time, Bitcoin price was trading above the $13,000 mark. Since then, its price has surged more than fivefold, peaking at over $73,000 during its all time high in March 2024. Saylor revealed that he has not sold any BTC, highlighting his strong conviction in the cryptocurrency's future potential.
The former MicroStrategy CEO also stated that he had no future plans of liquidating his Bitcoin stash. Instead, he expressed his commitment to both investing further in BTC and expanding his holdings.
In the interview, Saylor described BTC as an exceptional capital investment asset, whether for an individual, a family, an 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 deep belief in the cryptocurrency as the premier choice for long term wealth preservation and growth.
Apart from Saylor's massive 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 stated 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.
When asked about the recent BTC market crash and whether it could be a potential investment opportunity, Saylor shared a bit of his investment strategy. According to the MicroStrategy co-founder, determining the best time to buy Bitcoin was nearly impossible, given the cryptocurrency's volatility and price instability. As a result, he disclosed that MicroStrategy invests in BTC at any opportune time, regardless of market conditions or price level.
