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News

Michael Saylor’s Bitcoin Holdings Now Surpasses $1 Billion

August 7, 2024 - Around 2 mins mins to read

Key Points:

  • Michael Saylor’s Bitcoin holdings were revealed to be worth over $1 billion in Bitcoin.
  • Bitcoin, despite its recent decline, still has Saylor’s confidence.
Amidst all the turmoil in markets, Michael Saylor, chairman and co-founder of MicroStrategy, came out publicly to reaffirm his belief in Bitcoin.
Michael Saylor's Bitcoin Holdings Now Surpasses $1 Billion

Read more: MicroStrategy’s Michael Saylor Expects Bitcoin to Soar to $13 Million by 2045 

Michael Saylor’s Bitcoin Holding Is Worth $1 Billion

Bitcoin went below $50,000 in a sharp fall during early trading this week, the first time since February of this year.

On Monday, BTC fell as low as $49,000 for a fourth-straight day of losses, begging questions over whether Bitcoin really had the credentials to act as an inflation hedge. It later rebounded above $57,000.

During a recent interview with Bloomberg, Saylor gave an update regarding personal ownership of over $1 billion worth of Bitcoin. Michael Saylor’s Bitcoin holding remains intact, as not even a single coin has been liquidated since the bear market persists, further supporting the thesis of long-term value on Bitcoin.

MicroStrategy to Raise $2 Billion for Additional Bitcoin Purchases

Saylor’s optimism is also reflected on social media. He had recently tweeted, “Believe in Bitcoin”, to reinforce his positivity in these uncertain times. He further reinstated it is highly possible that countries will soon be considering including Bitcoin in their reserve assets.

Saylor has said that other than investments in a personal capacity, MicroStrategy is looking for ways to pump another $2 billion into the leading cryptocurrency. Michael Saylor’s Bitcoin holding is set to fall in line with the ongoing corporate strategy of amassing more of the cryptocurrency despite its recent fluctuations.

DISCLAIMER: The information on this website is provided as general market commentary and does not constitute investment advice. We encourage you to do your own research before investing.

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Michael Saylor

Michael Saylor's Bitcoin Holdings

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Author

Harold

With a passion for untangling the complexities of the financial world, I've spent over four years in financial journalism, covering everything from traditional equities to the cutting edge of venture capital. "The financial markets are a fascinating puzzle," I often say, "and I love helping people make sense of them." That's what drives me to bring clear and insightful financial journalism to the readers of Coincu.