Michael Saylor, the executive chairman of MicroStrategy, has once again doubled down on Bitcoin, adding 14,000 BTC to the company’s already massive holdings. This brings their total to over 240,000 BTC, worth approximately $16.8 billion.
Why Saylor Is All-In on Bitcoin
Saylor’s belief is simple: Bitcoin is the best store of value ever created. Unlike the US dollar, which loses value due to inflation, Bitcoin has a fixed supply of 21 million coins, making it a deflationary asset.
He has been vocal in his criticism of fiat money, famously calling it a “melting ice cube.” His conviction has led MicroStrategy to shift billions of dollars from cash reserves into Bitcoin.
MicroStrategy’s Billion-Dollar Bitcoin Strategy Since 2020, MicroStrategy has continued to accumulate BTC aggressively, with Saylor calling it the most important financial decision of his career.
With Bitcoin’s growing adoption and supply shortage, Saylor believes that BTC will eventually replace gold as the world’s primary store of value.