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International Business Times
International Business Times
Business
Marvie Basilan

Genius Or Fool? Michael Saylor HODLed His Personal Bitcoin Stash – Now Worth $1 Billion

Michael Saylor Bitcoin MicroStrategy Crypto
MicroStrategy founder and executive chairman Michael Saylor speaks to Peter McCormack of the What Bitcoin Did podcast regarding the approval of spot Ether ETFs. YouTube | Bitcoin is Forever Money with Michael Saylor (Credit: What Bitcoin Did YouTube Channel/Screenshot)

KEY POINTS

  • Saylor's stash worth around $175M in 2020 is now worth over $1 billion based on current prices
  • He said he continues to accumulate more Bitcoins but declined to reveal the exact count
  • Bitcoin crashed to $49,000 Sunday night but has since bounced back to $57,000 as of early Thursday

MicroStrategy's executive chairman Michael Saylor is known for his immense belief in the possibilities offered by Bitcoin, the world's first decentralized cryptocurrency, and just a few days after a crypto market bloodbath that saw hundreds of millions of liquidations, the $BTC maximalist revealed he hasn't sold any of his personal holdings.

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