Michael Saylor, executive chairman of MicroStrategy, revealed in an interview on August 7 that his personal Bitcoin holdings are worth more than $1 billion, putting him among the elite group of BTC “whale hodlers.”
During the Aug. 7 interview on “Bloomberg Open Interest,” Saylor expressed concerns about Bitcoin mining’s impact on the environment while passionately defending the digital asset’s role in the future of finance.
Personal stock
Speaking to Bloomberg Television’s Sonali Basak, Saylor confirmed his substantial personal investment in Bitcoin. When asked about his Bitcoin holdings outside of MicroStrategy, he said:
“I have significant personal Bitcoin holdings. About four years ago I tweeted that I have 17,732 Bitcoin. I have not sold Bitcoin – I continue to acquire more Bitcoin.”
This positions Saylor alongside prominent Bitcoin holders such as Binance founder Changpeng Zhou and the Winklevoss Twins.
The MicroStrategy founder has not disclosed how much Bitcoin he owns in total as of 2024 and how much he has purchased over the past four years. However, based on his 2020 tweet, his initial stock is now worth approximately $996 million at the time of writing.
Saylor also reiterated his view that Bitcoin is a “top asset.” He said:
“I think it is a great capital investment for an individual, a family, an institution, a company or a country. And I can’t see a better place to put my money.”
Bitcoin in corporate finance
A staunch supporter of Bitcoin, Saylor believes in its potential to transform corporate finance. He has stated several times that Bitcoin can help ‘fix’ [a company’s] balance” of recent months. During the Bloomberg interview, he elaborated on Bitcoin’s unique properties:
“Bitcoin is special because it is literally the most powerful computer network in the world. It has the most electrical power, it has the most computer power, it has the most economic power, it has the most political power.”
Saylor dismissed concerns about Bitcoin’s energy consumption and emphasized its robustness:
“The fact that it runs on 17 gigawatts or more of electricity means it has more power than the US Navy. That makes the country state-proof and nuclear-hardened.”
MicroStrategy has been a notable institutional investor in Bitcoin. The company’s average cost per Bitcoin is about $37,000, and the company plans to keep buying more.
Saylor recently revealed that shareholders believe buying more BTC per share is the best value for them. The company recently announced plans for a 10-for-1 stock split.
MicroStrategy’s bold Bitcoin strategy continues to generate significant attention and discussion in the financial world. His personal and business commitments to Bitcoin highlight his strong belief in the long-term value and resilience of the flagship crypto.