Of Bitcoin (BTC) witness fresh gains as price recovers from downtrend, Michael Saylorco-founder and former Chief Executive Officer (CEO) of MicroStrategy, is reap the rewards. Saylor has been an outspoken supporter and investor of Bitcoin for years. As the cryptocurrency’s value rises, so does his considerable BTC stash.

How Much Michael Saylor’s BTC Holdings Are Worth

In an exclusive interview with Bloomberg TV on August 7, Saylor revealed his significant Bitcoin holdingsdeclaring that he now possess over $1 billion worth of BTC. The MicroStrategy co-founder revealed in a 2020 post on X (formerly Twitter) that he owned approximately 17,732 BTC, purchased at an average price of $9,882.

At that time the price of Bitcoin was trade above the $13,000 mark. Since then, the price has increased more than fivefold, peaking at over $73,000 during the highest point ever in March 2024. Saylor revealed that he has not sold any BTC, which is his strong belief in the future potential of cryptocurrency.

The former MicroStrategy CEO also revealed that he has no plans to liquidate his Bitcoin holdings in the future, stressing his commitment to both continue investing in BTC and expanded his possessions.

During the interview, Saylor stated that BTC is a exceptional capital investment assetswhether it is for an individual, family, institutional or even a country. He claimed that there was no other asset that could compete with BTX when it came to investing his money, which confirms his firm belief in the cryptocurrency as the best choice for long-term wealth preservation and growth.

Aside from Saylor’s significant Bitcoin holdings, MicroStrategy also holds a significant amount of Bitcoin. The company founded by Saylor in 1989 possess a staggering 226,500 BTC, worth approximately $12.94 billion based on current exchange rates. MicroStrategy’s BTC Holdings were also purchased at an average price of $35,158 per BTC.

Despite Bitcoin’s price volatility and instability, Saylor continues to acquire more BTC, comparing the investment to securing prime real estate in the most coveted location. He stated that The Volatility of Bitcoin is “a feature and not a bug,” indicating that the cryptocurrency remains a superior asset despite continued price volatility.

“There is never a bad time to buy Bitcoin” – Michael Saylor

During his interview, Saylor confirmed that there is no such thing as a bad time to Buy BitcoinHis statement suggests that Bitcoin remains a valuable asset regardless of market conditions.

When asked if he sees it The Recent BTC Stock Market Crash As a potential investment opportunity, Saylor provided some clarification on his investment strategy.

According to the co-founder of MicroStrategy, determining the best time to buy Bitcoin was virtually impossible, given the volatile nature of the cryptocurrency and its price instability. As a result, he revealed that MicroStrategy invests in BTC at any time, regardless of market conditions or price levels.

Main image created with Dall.E, chart from Tradingview.com