$2.2 Trillion Asset Manager Buys Stake In MicroStrategy, Gains Indirect Exposure To Bitcoin




  • Michael Saylor has revealed that he holds over 17,000 Bitcoin.
  • His company. MicroStrategy holds over 122,478 BTC and plans to keep accumulating.
  • Saylor has been incredibly bullish on Bitcoin in recent months, rallying investors to keep their holdings.

Michael Saylor, co-founder, and CEO of MicroStrategy took to Twitter to reveal his Bitcoin holdings. Apparently, Saylor practices what he preaches as he doubles down on his acquisitions.

Michael Saylor Is Stacking Up His Holdings

Bitcoin proponent, Michael Saylor has revealed that he owns 17,732 BTC through Twitter. Presently, the asset’s value put his stash at just below the $900 million mark. Additionally, Taylor revealed he is yet to sell any of his holdings and is unlikely to.

“Some have asked how much #BTC I own. I personally #hodl 17,732 BTC which I bought at $9,882 each on average. I informed MicroStrategy of these holdings before the company decided to buy #bitcoin for itself,” he wrote.

Like Saylor, his company MicroStrategy has been stacking Bitcoin since 2020 in what could be described as an aggressive accumulation spree. The software firm currently holds 122,478 BTC on its balance sheet and looks to increase the figure gleaning from Saylor’s comments. MicroStrategy’s BTC exposure with this stands at a staggering $6 billion, considering the current prices. A recent report from the company revealed that the average purchasing price was $29,861 which puts the company in the green.

MicroStrategy is believed to have added 1,434 BTC to its holdings between the end of November and the first week of December. The company bought the assets at an average price of $57,477, splurging a whopping $82.4 million for them. MicroStrategy has one of the largest Bitcoin holdings, with Saylor at the helm of affairs, and has seen other companies follow in their steps.




Michael Saylor Is Bitcoin’s Biggest Crusader

It is no news that Michael Saylor is a major advocate of Bitcoin. The Bitcoin maximalist once told Yahoo that he couldn’t point at anything that would stop Bitcoin. Instead, he said, “The only legitimate risk is a black swan – an unknown unknown.”

Saylor thinks that the asset will only continue to rise in value. He predicts a rise spurred on by technology. 

“It’s going to be driven by technology, as it gets built into Facebook and Google and Apple, it’s built into Square and PayPal. And so as you build in technical utility, that’s going to drive more adoption.”

He added that “It’s not going to go up uniformly in a perfect, exponential curve, but I don’t think we’ll see a world where technology slows down and I don’t think we’re going to see a world where currencies don’t keep inflating.”

In recent tweets, the MicroStrategy Chief has advocated that people purchase Bitcoin as presents for their loved ones. Binance’s Changpeng Zhao jokingly warned users to stop selling their Bitcoin cheap to Saylor who capitalizes on the dips to stack up on BTC.

Source link


Please enter your comment!
Please enter your name here