Michael Saylor claims to have 1 billion in BTC personally.
Bitcoin mining isn't boiling the ocean, Michael Saylor said in an Aug. 7 interview on “Bloomberg Open Interest.” However, the assets of MicroStrategy's founder's blood are boiling over to future-proof the financial platform.
Bloomberg Television's Sonali Basak asked an insatiable Bitcoin watchdog, “Beyond micro-strategy, how does one keep Bitcoin private? Do you have a significant personal stack in addition to your holdings in MicroStrategy and MicroStrategy Stocks?
Here's what the founder and chairman of MicroStrategy (NASDAQ: MSTR ) had to say…
Michael Saylor advocates for managing your personal finances
“Yes, I have significant personal bitcoin holdings,” Salor replied. “I think four years ago I tweeted that I had 17,732 bitcoins. I haven't sold any bitcoins – I just keep getting more bitcoins.
That means the only individuals in the world who own more bitcoins than Saylor are Binance founder Changpeng Zhou, the Winklevoss twins, and Satoshi Nakamoto.
In addition, “I think it is a great capital investment asset for an individual, family, institution, organization or country.” And I can't see a better place to put my money.
“So my view is that if you're going to invest billions of dollars for decades, you need a very powerful crypto network to protect it, and there's no second best,” Salor said.
Bitcoin claims to “fix” corporate balance sheets.
On Wednesday morning, Saylor tweeted, “#Bitcoin will fix your company's balance sheet. In an interview on Bloomberg Television, the MIT graduate and Bitcoin advocate said:
“Bitcoin is unique because it's literally the most powerful computer network in the world. It's the most powerful. It has the most electricity—it has the most computing power—it has the most economic power—it has the most political power.”
Instead of apologizing for Bitcoin's network power usage, the world leader in blockchain deployments bragged about how it uses more electricity than the United States Navy to secure its users.
“The fact that it runs at 17 gigawatts or more means it's got more power than the US Navy. This makes the country a resilient and nuclear-strong country.
MicroStrategy's average price per Bitcoin is around $37,000 and the company is planning a 10-for-1 stock split. Bitcoin's price rose to $57,500 on Wednesday before dropping to support around the $56,000 level, meaning the company is holding on to modest gains.
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