Bitcoin Bull Michael Saylor Says Strategy Could Buy Up To 7% Of BTC Supply
Main Idea
Michael Saylor, Executive Chairman of MicroStrategy, suggests the company could acquire up to 7% of Bitcoin's total supply, reinforcing its aggressive BTC accumulation strategy and highlighting the growing corporate adoption of Bitcoin.
Key Points
1. MicroStrategy, the largest corporate holder of Bitcoin, owns approximately 3% of the total BTC supply, valued at around $71 billion.
2. Michael Saylor stated the company could aim to own up to 7% of Bitcoin's total supply (1.47 million BTC), currently worth about $168 billion.
3. Saylor emphasized that MicroStrategy does not intend to acquire all Bitcoin in circulation, advocating for decentralized ownership.
4. The company began accumulating Bitcoin in 2020 when prices were around $10,000 and continues its aggressive BTC acquisition strategy.
5. Saylor highlighted the 'Bitcoin treasury movement,' noting increasing corporate adoption, with over 100 public companies now holding Bitcoin.
Description
Bitcoin treasury giant Strategy already owns a staggering $71 billion worth of Bitcoin (BTC), but its Executive Chairman, Michael Saylor, has even bigger goals.
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