Bitcoin cop Michael Saylor reportedly owns $ 866 million worth of Bitcoin.
Michael Saylor's Bitcoin fortune
According to a Markets Insider report, Saylor said in a November interview with The Information that he has similar goals in addition to MicroStrategy's goal of accumulating Bitcoin. He reportedly owns at least 17,732 bitcoin.
Saylor has never sold his bitcoin and in general does not believe that anyone should sell his bitcoin to him, the report said. He envisioned a Bitcoin price of USD 6 million in the future, which would mean an increase from the current level of 12,000%.
Saylor is open about Bitcoin and has also drawn a line between cryptocurrencies and Bitcoin. He's not a big fan of diversification, as he has pointed out several times.
In August 2020, Saylor bought Bitcoin worth a quarter of a million USD. Since then, MicroStrategy has made several purchases, leveraging cash flows, debt, and equity while taking advantage of price falls. The last purchase of MicroStrategy was made earlier this month. BTC was purchased for $ 82 million, which means the company currently holds 122,478 BTC.
In an interview with ETF Think Tank in August 2021, Saylor spoke about the company's main goal of buying and storing Bitcoin itself. He said that despite the returns of around 5% per year, they had no intention of pursuing return strategies like bitcoin-backed loans.
"I think the counterparty risk is great," he said.
More recently, however, Saylor has been hinting at the possibility that MicroStrategy might employ some alternative strategies to generate returns.
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