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Michael Saylor Reveals He Owns $1 Billion in BTC: "I Haven't Sold Any Bitcoin"

Michael Saylor Reveals He Owns $1 Billion in BTC: "I Haven't Sold Any Bitcoin"

Michael Saylor, MicroStrategy's exec chairman, has spilled the beans on his personal Bitcoin holdings. It's a whopping 17,732 BTC, worth about $1 billion.

In a Bloomberg interview, Saylor didn't mince words. "I haven't sold any bitcoin," he said. He's still buying more.

Saylor sees Bitcoin as a top-notch investment. He reckons it's great for individuals, families, institutions, corporations, and even countries.

"I can't see a better place to put my money," Saylor added.

He called Bitcoin "the apex property of the United States". This comes amid recent political shifts.

U.S. Senator Cynthia Lummis has proposed a U.S. Strategic Bitcoin Reserve. The plan? To grab up to 1 million BTC over time.

Former President Donald Trump is also on board. At the Bitcoin 2024 Conference in Nashville, he advised, "Never sell your Bitcoin."

Saylor noted a sea change in political views. "Every politician in the world has started to realize that Bitcoin is the most desirable property in cyberspace," he said.

He sees Bitcoin as the future. No doubt about it.

Saylor's parting shot? Don't waste Bitcoin on coffee or ice cream. It's "the most desirable property in the universe," he reckons.

Hold it for the long haul, that's his advice.

Disclaimer and Risk Warning: The information provided in this article is for educational and informational purposes only and is based on the author's opinion. It does not constitute financial, investment, legal, or tax advice. Cryptocurrency assets are highly volatile and subject to high risk, including the risk of losing all or a substantial amount of your investment. Trading or holding crypto assets may not be suitable for all investors. The views expressed in this article are solely those of the author(s) and do not represent the official policy or position of Yellow, its founders, or its executives. Always conduct your own thorough research (D.Y.O.R.) and consult a licensed financial professional before making any investment decision.
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