Michael Saylor Reveals Cost of Ignoring Bitcoin: Details

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.