Michael Saylor Has Bought $2,500,000,000 In Bitcoin Through MicroStrategy and Other Entities

According to Bitpush, MicroStrategy CEO Michael Saylor says in an interview on the Funky Crypto Podcast that, he has bought 88,000 Bitcoin. He says,  “I have bought either through MicroStrategy or through entities I control, 88,000 Bitcoin. I never sold one Satoshi.” Bitcoin's price is about $29,000 now, so Saylor’s Bitcoin stash is worth over $2.5 billion. 

He adds, “I think the way you use Bitcoin is as a long-term savings account. So, if you want to have a portion of your money that you like to gamble with and speculate with and bet on things you are passionate about, take that part of your money and invest it in new ventures or invest it in cool things. Take another portion of your money that you want to save for the next 20 years or 30 years and put that in Bitcoin. Just leave it there, and don’t get caught up in all the back and forth… How are you going to feel if you sell it at $27,000 and then you wake up one morning and it goes to $82,000… when it goes to $167,000… when it goes to a million. When it goes to a million, are you going to be bragging that you bought it at $0.019 million and you sold it at $0.022 million? Aren’t you going to feel freaking stupid? Like I bought it at $0.019 million and I sold it at a 50% gain at $0.023 million and I lost a million!”

by Liang Che

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