Michael Saylor, the chairman and former CEO of Microstrategy, has reaffirmed his commitment to strengthening Bitcoin at any cost. Known for his bold statements and proactive approach towards promoting Bitcoin, Saylor recently hinted at Microstrategy’s plans to acquire more Bitcoin.
As of now, Microstrategy holds a substantial amount of 446,400 BTC, with a net unrealised gain of $15.8 billion. Saylor’s continuous advocacy for Bitcoin has led to speculations about the company’s intention to further bolster its Bitcoin holdings. In a recent announcement, Saylor revealed that Microstrategy is looking to raise $2 billion through public offerings of perpetual preferred stock in the first quarter of 2025. While Saylor did not explicitly mention Bitcoin in the fundraising plans, it is widely anticipated that the funds raised will be allocated towards purchasing more Bitcoin.
Saylor’s unwavering support for Bitcoin has earned him the title of a “Bitcoin superbull.” In a bold statement, he declared that when the price of Bitcoin reaches $1 million per BTC, he will invest $1 billion in a single day. This assertion underscores Saylor’s steadfast belief in the long-term potential of Bitcoin, irrespective of its market value.
Furthermore, Saylor recently announced his intention to have his Bitcoin private key destroyed upon his demise, describing it as a “pro rata contribution to everyone in the world who owns Bitcoin.” This symbolic gesture reflects Saylor’s deep conviction in the decentralized and revolutionary nature of Bitcoin, positioning himself as a key figure in the global Bitcoin community.
In conclusion, Michael Saylor’s relentless pursuit of strengthening Bitcoin and seizing opportunities to acquire more of the digital asset exemplifies his unwavering commitment to the cryptocurrency. As a prominent figure in the cryptocurrency space, Saylor’s actions and statements continue to shape the narrative surrounding Bitcoin’s future trajectory, solidifying his position as a driving force behind Microstrategy’s Bitcoin-centric strategy.