The co-founder of software firm MicroStrategy is reportedly disclosing the size of his personal Bitcoin (BTC) stash.
MicroStrategy co-founder reveals size of personal Bitcoin stash MicroStrategy co-founder and former CEO Micheal Saylor has disclosed the size of his personal Bitcoin (BTC) stash, which is reportedly valued at around $1 billion.
According to a new report by Bloomberg, Saylor, a Bitcoin maxi and a vocal proponent of the crypto, stated that he owns a substantial amount of BTC. While he didn't reveal the exact quantity of tokens he holds, Saylor mentioned that he hasn't sold a single Bitcoin from his stash.
In 2018, Saylor disclosed on social media that he owned 17,732 Bitcoin. Given the current price of BTC, which is roughly $58,000, Saylor's stash of 17,732 BTC would be valued at about $1,060,639,580.
However, it's important to note that the report doesn't specify whether Saylor's disclosed Bitcoin holdings include the tokens he acquired over the past four years.
Earlier this week, Saylor highlighted the increasing interest among younger millennial voters in cryptocurrencies, particularly Bitcoin, as an alternative to the traditional finance system.
According to Saylor, individuals born between 1981 and 1996 are leaning toward BTC due to its advantages over traditional finance, such as 24-hour access and the potential to hedge against inflation.
“They're saying, ‘Screw you guys, I'm taking my money and putting it in Bitcoin. You can't touch it. I'm going to pay no taxes on it. I'm going to put it in an apex technology asset that has superior benefits to anything you have to offer in traditional finance. Good luck with that. I'm out of here. You're never going to see me again in traditional finance. Web3, here I come. Decentralized finance, here I come.興興興興興興興興興興興興興興興興興興興興興興興興興興興興興興興興興興興興興興興興興興興興興興興興興興興興興興興興興興興興興興興興興興興興興興興興興興興興興興興興興興興興興興興興興興興興興興興興興興興興興興興興興興興興興興興興興興興興興興興興興興興興興興興興興興興興興興興興興興興興興興興興興興興興興興興興興興興興興興興興興興興興興興興興興興興興興興興興興興興興興興興興興興興興興興興興興興興興興興興興興興興興興興興興興興興興興興興興興興興興興興興興興興興興興興興興興興興興興興興興興興興興興興興興興興興興興興興興興興興興興興興興興興興興興興興興興興興興興興興興興興興興興興興興興興興興興興興興興興興興興興興興興興興興興興興興興興興興興興興興興興興興興興興興興興興興興興興興興興興興興興興興興興興興興興興興興興興興興興興興興興興興興興興興興興興興興興興興興興興興興興興興興興興興興興興興興興興興興興興興興興興興興興興興興興興興興興興興興興興興興興興興興興興興興興興興興興興興興興興興興興興興興興興興興興興興興興興興興興興興興興興興興興興興興興興興興興興興興興興興興興興興興興興興興興興興興興興興興興興興興興興興興興興興興興興興興興興興興興興興興興興興興興興興興興興興興興興興興興興興興興興興興興興興興興興興興興興興興興興興興興興興興興興興興興興興興興興興興興興興興興興興興興興興興興興興興興興興興興興興興興興興興興興興興興興興興興
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