2024

Bitcoin

<ul>
 <li>Michael Saylor’s substantial investments in Bitcoin highlight its rising acceptance and promising future in the mainstream market.</li>
 <li>Saylor’s consistent accumulation of Bitcoin and positive future projections showcase a strategic approach to leveraging Bitcoin as a superior asset and inflation hedge.</li>
</ul>
As revealed by a tweet from Wu Blockchain, Michael Saylor, founder of MicroStrategy, has personally accumulated approximately $1 billion in Bitcoin. Four years ago, Saylor disclosed that he held 17,732 Bitcoins, has not sold any of them, and plans to continue purchasing more. Specifically, CNF <a href="https://www.crypto-news-flash.com/breaking-michael-saylor-buys-more-bitcoin-with-microstrategy-fund-the-whales-are-back/" rel="noopener noreferrer nofollow">highlighted</a> that Michael Saylor buys more Bitcoin with MicroStrategy funds.
<blockquote class="twitter-tweet" data-width="550" data-dnt="true">
 According to Bloomberg, MicroStrategy founder Michael Saylor has personally accumulated about $1 billion in cryptocurrency. Four years ago, Saylor disclosed that he owned 17,732 bitcoins, never sold them, and said he would continue to buy more bitcoins.<a href="https://t.co/NodC78g1as" rel="noopener noreferrer nofollow">https://t.co/NodC78g1as</a>
 — Wu Blockchain (@WuBlockchain) <a href="https://twitter.com/WuBlockchain/status/1821356732599116233?ref_src=twsrc%5Etfw" rel="noopener noreferrer nofollow">August 8, 2024</a>
</blockquote>
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Furthermore, the co-founder and executive chairman of MicroStrategy Inc., <a href="https://www.crypto-news-flash.com/adoption-microstrategy-and-michael-saylor-integrate-bitcoin-lightning-into-a-corporate-email-to-foster-ecosystem-development/" rel="noopener noreferrer nofollow">continues</a> to increase his holdings, viewing Bitcoin as a superior investment for individuals, families, corporations, and countries. In a personal X account, Saylor also confirmed it by <a href="https://x.com/saylor/status/1321422012380753921?ref_src=twsrc%5Etfw%7Ctwcamp%5Etweetembed%7Ctwterm%5E1321422012380753921%7Ctwgr%5Eshare_3%2Ccontainerclick_1&amp;ref_url=https%3A%2F%2Fwp.decrypt.co%2Fwp-admin%2Fpost-new.php" rel="noopener noreferrer nofollow">tweeting</a>:
<blockquote>
 I have significant personal Bitcoin holdings. Around four years ago, I tweeted that I owned about 17,732 Bitcoins. I haven’t sold any of them and I continue to acquire more.
</blockquote>
As of Wednesday, with Bitcoin trading at approximately $54,956, Saylor’s holdings are estimated to be worth over $1 billion. He emphasized Bitcoin’s value as a long-term investment that can generate generational wealth and be protected from external threats. At the time of writing, BTC is valued at $57,288.82, having surged by 0.30% in the past day and decreased by 11.04% in the past week. See BTC Price chart below.
<div class="cryptoboxes" id="mcw-19491" data-realtime="on">
 <div class="mcw-chart mcw-chart-light" data-font="inherit" data-coin="bitcoin" data-symbol="BTC" data-currency="USD" data-rate="1.000268" data-type="chart" data-view="month" data-theme="light" data-smooth="true" data-areacolor="" data-bgcolor=""></div>
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MicroStrategy, which began investing in Bitcoin in 2020 as an inflation hedge, now holds 226,500 Bitcoins. Despite a recent quarterly loss due to an impairment charge on its Bitcoin holdings, the company’s shares have surged nearly 1,000% since its initial cryptocurrency investments. Saylor also <a href="https://www.crypto-news-flash.com/michael-saylor-predicts-bitcoins-rise-as-treasury-reserve-asset-for-top-us-companies/" rel="noopener noreferrer nofollow">predicts</a> Bitcoin could reach $49 million by 2045 under optimal conditions, citing its potential to transform financial systems and its resilience against inflation.

Bloomberg Reports: Michael Saylor’s Bitcoin Holdings Now Worth $1 Billion

Crypto News Flash

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