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MicroStrategy’s (NASDAQ:MSTR) Michael Saylor said Wednesday he personally owns about $1B, of bitcoin (BTC-USD) and will continue to accumulate more.
“I continue to acquire more,” Saylor told Bloomberg TV in an interview. I think it’s a great capital investment asset for an individual, family, institutional corporation or country. I can’t see a better place to put my money.”
Backing up his words with actions, Saylor disclosed in a tweet some four years ago that he owns 17,732 bitcoins (BTC-USD) at an average price of $9,882. Fast-forward to today, bitcoin is changing hands at $55.9K.
MicroStrategy (MSTR), the business analytics software firm co-founded by Saylor, held 226.5K bitcoin (BTC-USD) at the end of July. It started buying the token in 2020 to protect against inflation; since then, shares of MicroStrategy have surged about 850% and bitcoin has jumped over 700%.
Last week, the company posted its second straight quarterly loss in Q2, although that has narrowed sequentially, thanks in part to a slightly smaller bitcoin (BTC-USD) impairment loss.
