Michael Saylor Reveals Cost of Ignoring Bitcoin: Details
2025-07-06 10:34:17
Main Idea
Michael Saylor emphasizes the importance of owning Bitcoin, warning of the risks of ignoring it, while highlighting MicroStrategy's significant Bitcoin holdings and the performance of Bitcoin and MicroStrategy's stock.
Key Points
1. Michael Saylor warns that ignoring Bitcoin could leave individuals trapped in a digital system they cannot escape or influence.
2. MicroStrategy holds 597,325 BTC, acquired for approximately $42.40 billion, with an average purchase price of nearly $70,982 per Bitcoin.
3. MicroStrategy's stock has risen by more than 3,300% since Saylor began purchasing Bitcoin in mid-2020 as an inflation hedge.
4. Bitcoin's price has increased by around 1,000% during the same period, outperforming the S&P 500.
5. Bitcoin was trading at $108,025 at the time of writing, with a recent high of $110,590, indicating potential volatility in July.
Description
Bitcoin currently trading above $108,000
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