Michael Saylor, the chairman and former CEO of Microstrategy, has made it clear that he is willing to do whatever it takes to make Bitcoin strong and take advantage of opportunities to buy it, no matter the cost. Microstrategy is well-known for its significant holdings of Bitcoin and Saylor frequently uses social media to promote and discuss the digital currency.
Recently, Saylor hinted that Microstrategy is planning to acquire another large stake in Bitcoin. The company currently holds a net 446,400 BTC with a net unrealized gain of $15.8 billion. Additionally, Saylor announced that Microstrategy is looking to raise $2 billion through public offerings of perpetual preferred stock in the first quarter of 2025. While he did not specify that the funds would be used to buy more Bitcoin, it is expected that the company will continue to invest in the cryptocurrency.
Saylor has become known as a Bitcoin superbull, with statements that have caught the attention of the crypto community. He has stated that when the price of Bitcoin reaches $1 million per BTC, he will purchase $1 billion worth of Bitcoin in a single day, showing his unwavering commitment to the digital asset. In a surprising move, Saylor also revealed that he plans to have his Bitcoin private keys destroyed when he passes away, viewing it as a contribution to the entire Bitcoin community.
The actions and statements of Michael Saylor continue to shape the narrative around Bitcoin and highlight his dedication to the cryptocurrency. As the market remains volatile, Saylor’s bullish stance on Bitcoin sets him apart as a key figure in the industry.