Saylor likened Bitcoin to desirable real estate and property in the greatest city in North America.
MicroStrategy’s Co-founder and Executive Chairman, Michael Saylor, has revealed that in addition to his company’s holdings, he owns over 17,500 bitcoins worth more than $1 billion. MicroStrategy maintains its position as the highest corporate bitcoin holder, with almost 1.1% of the total bitcoin supply and the firm has continued to follow its bitcoin acquisition plan of buying more BTC each quarter.
Saylor Says Bitcoin is the Future
In Bloomberg’s Open Interest interview on Wednesday, Saylor stated that he does not only focus on acquiring bitcoins for MicroStrategy. He has stored up enough BTC for himself since 2020 and has continued to accumulate more without selling any since then.
In the interview, the billionaire was asked whether he has other bitcoin holdings outside his company’s stack. He replied:
“I do have significant bitcoin holdings. About four years ago, I tweeted that I had 17,742 bitcoins. I haven’t sold any bitcoins, and I continue to acquire more.”
When asked, the bitcoin billionaire didn’t reveal the exact amount of BTC he owns today. He said he still has as much as he had in 2020.
Expressing further optimism about bitcoin, Saylor likened bitcoin acquisition to buying scarce, desirable real estate and property in the greatest city in North America.
“I think it’s a great capital investment asset for an individual, a family, an institution, a corporation, or a country. I can’t see a better place to put my money. It’s the future,” he added.
MicroStrategy’s Bitcoin Acquisition Plan
During the interview, Saylor was asked whether his company seized the opportunity to acquire more bitcoins after the market crashed on Monday. He said that there is never a wrong time to buy bitcoin. So, MicroStrategy is always buying bitcoin each quarter of the year, and it is a “long-term strategy.”
Further, he explained that volatility is a natural occurrence and a sign of functionality in the crypto market, so it does not affect the company’s bitcoin acquisition strategy. The company plans to purchase as many bitcoins as possible whenever it has cash and hold them for decades, believing that it can create generational wealth for any corporation that holds it.
