Michael Saylor Urges the Community to Stack Bitcoin (BTC) Before It Is Too Late

Michael Saylor, prominent Bitcoin evangelist and MicroStrategy cofounder, has taken to his account on the social media network X

Prominent Bitcoin evangelist and MicroStrategy cofounder Michael Saylor has taken to his account on the social media network X (formerly known as Twitter) to share a major reminder about BTC with the community.

In this tweet, he sort of urged the community to start (or continue) accumulating the world’s flagship digital currency before it is too late to do so. “Did you stack bitcoin this year?” MicroStrategy's Saylor tweeted.

He also revealed how much Bitcoin Elon Musk’s Tesla (NASDAQ:TSLA) now holds.

Top 60 Bitcoin holder list by Michael Saylor

Elon Musk’s electric car-producing giant Tesla sits in fifth place on this list with 9,720 BTC in his stash. Tesla is followed by the largest U.S. crypto exchange Coinbase (NASDAQ:COIN), which owns reserves of 9,480 BTC.

On this list are also such giants as Mike Novogratz’s Galaxy Digital (TSX:GLXY) (5,400 BTC), Jack Dorsey’s Block (8,363 BTC), etc. – companies not only from the U.S., but also those headquartered in Canada, Singapore, Norway, Thailand, Germany, Japan and other countries around the globe. Cumulatively, these 60 entities hold a total of 591,368 Bitcoin worth $54,225,094,424 at the current BTC/USD exchange rate.

Earlier this week, MicroStrategy announced another massive Bitcoin acquisition of $561 million worth of BTC made at an approximate purchasing price of $107,000 per one BTC.

$299 million "Bitcoin gift" from MicroStrategy

According to his tweet, last week, MicroStrategy’s treasury operations helped generate a 0.72% BTC yield, which equaled a net benefit of 3,177 BTC. At the time this tweet was published, it comprised roughly $299 million – a “Bitcoin gift” to MSTR shareholders, per Saylor.

This article was originally published on U.Today