Michael Saylor, the chief executive of the business intelligence firm MicroStrategy, has been a vocal advocate for Bitcoin for some time now. His company has led the way among public companies in adopting the digital currency as part of its asset base. With his unabashed commitment to Bitcoin, many people often wonder, just how much …
Michael Saylor’s Remarkable Investment in Bitcoin
While the exact figure fluctuates due to the volatile nature of cryptocurrency markets, it’s clear that Saylor’s investment in Bitcoin is significant. As of the last disclosed purchase in September 2021, MicroStrategy owns well over 100,000 Bitcoins, a stake that’s worth billions of dollars depending on current Bitcoin price.
Saylor has not only made substantial personal investments in Bitcoin but has also turned MicroStrategy into a sort of unofficial Bitcoin ETF. Under his leadership, the company has purchased large quantities of the cryptocurrency as a speculative asset and an alternative to cash. Despite facing criticism for this approach, Saylor remains undeterred, asserting that Bitcoin is the superior asset class over the long term.
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