Bitcoin

Genius

<ul> 
 <li aria-level="1">Michael Saylor owns 17,732 BTC, highlighting his commitment as MicroStrategy holds 226,500 Bitcoin, valued around $12.7 billion.</li> 
 <li aria-level="1">MicroStrategy’s strategy boosts its stock by 1,000% since initiating Bitcoin acquisitions; recent market trends show a 90% decline.</li> 
</ul> 
Michael Saylor, has recently confirmed continuing his personal investment in Bitcoin [BTC], highlighting his confidence in the cryptocurrency as a capital investment asset. Saylor <a href="https://www.bloomberg.com/news/articles/2024-08-07/microstrategy-s-saylor-says-he-personally-owns-about-1-billion-in-bitcoin">disclosed</a> to Bloomberg that he owns 17,732 BTC and has not sold any since his last public declaration about his holdings four years ago. 
<blockquote>
 “I continue to acquire more. I think it’s a great capital investment asset for an individual, family, institutional corporation or country. I can’t see a better place to put my money.”
</blockquote> 
MicroStrategy, under Saylor’s leadership, has accumulated 226,500 Bitcoin, making it the largest <a href="https://www.ethnews.com/speculations-rise-as-michael-saylor-hints-at-apples-potential-massive-investment-in-bitcoin/">public corporate holder</a> of the cryptocurrency. This stockpile is valued at approximately $12.7 billion, with Saylor’s personal holdings representing about 10% of this portfolio. 
The revelation came during a period where Bitcoin and the broader cryptocurrency market are experiencing fluctuations. Despite these market conditions, Saylor expressed a strong endorsement for Bitcoin, echoing his views in a CNBC interview where he supported Senator Lummis’s strategic BTC reserve bill. He likened the bill to the “Louisiana Purchase,” suggesting it could mark a significant moment for U.S. leadership in cryptocurrency adoption. 
Saylor’s approach has previously influenced MicroStrategy’s stock, which saw a dramatic increase of 1,000% following its Bitcoin adoption strategy. However, the stock has recently seen a substantial decline of over 90%. 
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 Source: Google Finance
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Despite these market challenges, Saylor remains a vocal advocate for Bitcoin, viewing it as an unmatched investment compared to other assets. His <a href="https://www.ethnews.com/microstrategys-long-term-bitcoin-play-pays-off-4-65-billion-profit-and-new-purchase/">ongoing investment</a> and public support illustrate a deep belief in Bitcoin’s value, both as a personal asset and a strategic corporate asset. 
This strategy reflects a broader trend among technology <a href="https://www.ethnews.com/microstrategy-boosts-bitcoin-reserves-plans-500m-raise-for-additional-btc-acquisition/">leaders investing</a> in digital assets amid a volatile market, underscoring a belief in the long-term value of cryptocurrencies.&nbsp; 
Saylor’s actions and comments continue to spark discussions about the role of Bitcoin in corporate and national finance strategies, highlighting its potential impact on future economic models. 
The post <a href="https://www.ethnews.com/is-michael-saylors-massive-bet-on-bitcoin-a-genius-move-or-financial-madness/">Is Michael Saylor’s Massive Bet on Bitcoin a Genius Move or Financial Madness?</a> appeared first on <a href="https://www.ethnews.com">ETHNews</a>.

Is Michael Saylor’s Massive Bet on Bitcoin a Genius Move or Financial Madness?

ETHNews

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