The co-founder of software firm MicroStrategy is reportedly disclosing the size of his personal Bitcoin (BTC) stash.
According to a new report by Bloomberg, former MicroStrategy CEO and Bitcoin maxi Micheal Saylor says that he owns about $1 billion worth of the top crypto asset by market cap.
Though he didn’t disclose the exact amount of BTC he holds, about four years ago, Saylor disclosed on social media that he owned 17,732 Bitcoin and recently told Bloomberg he hasn’t sold a single token out of his bag.
Says Saylor to Bloomberg,
“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.”
MicroStrategy, which began accumulating the crypto king in 2020 as a hedge against inflation, held 226,500 Bitcoin at the end of July, according to the report.
Earlier this week, Saylor noted that younger millennial voters are becoming fed up with the traditional finance system and are eyeing BTC as an attractive alternative.
At the time, Saylor said that people born between 1981 and 1996 are starting to feel like BTC offers more benefits compared to traditional finance, including 24-hour access.
Bitcoin is trading for $58,089 at time of writing, a 4.61% gain during the last 24 hours. Given Saylor’s stash of 17,732 BTC, his sack should be worth about $1,060,639,580.
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The post MicroStrategy Co-Founder Michael Saylor Owns Around $1,000,000,000 in Bitcoin (BTC): Report appeared first on The Daily Hodl.
