Michael Saylor owns $1B Bitcoins, calls it cyber Manhattan

Michael Saylor, a well-known cryptocurrency advocate and CEO of MicroStrategy, continues to love and promote bitcoin as his personal BTC holdings exceed $1 billion. 

In an interview, Saylor referred to Bitcoin as “cyber Manhattan,” comparing its worth to that of expensive real estate. He underlined that purchasing Bitcoin is always a wise move, drawing a comparison to buying priceless real estate.

The business analytics company Saylor runs, MicroStrategy, has kept increasing its Bitcoin holdings. An extra 169 BTC, worth over $11 million, was acquired by the corporation at the start of the year. Saylor clarified that MicroStrategy regards buying Bitcoin continually as a long-term investment plan.

Currently, MicroStrategy has almost 214,000 Bitcoins, purchased for an average of little more than $35,100 per Bitcoin. The corporation has invested a total of more than $7.4 billion. Saylor’s strong optimism in the future of cryptocurrencies is seen in both his holdings and MicroStrategy’s considerable Bitcoin collection.

Michael Saylor praised Bitcoin’s volatility for creating global liquidity and credit, viewing it as a strength rather than a flaw. He highlighted that this volatility enhances Bitcoin’s long-term performance and durability, positioning it as superior to traditional capital and capable of generating generational wealth for individuals, corporations, and nations.

Saylor has long been a supporter of Bitcoin, hailing its ability to generate wealth for future generations. He has continuously argued that Bitcoin is better than other conventional types of capital, such as cash or stocks. This viewpoint has influenced not only his investments but also MicroStrategy’s strategic goal of amassing Bitcoin.