News View Non-AMP

Bitcoin Billionaire Michael Saylor Pledges Wealth to Humanity

Published by
Vignesh S G

In a recent interview with a New Zealand-based media outlet, MicroStrategy Co-Founder Michael Saylor shared his personal motivation for investing in Bitcoin: a desire to follow in the footsteps of its mysterious creator, Satoshi Nakamoto. His plan to leave his substantial wealth to humanity has surprised many crypto enthusiasts. Saylor expressed strong confidence in Bitcoin’s future, comparing its importance to that of steel and electricity while emphasizing how immortal it is.

Read on to learn more about his vision and the future of Bitcoin!

Michael Saylor’s Vision: Wealth for Humanity

Saylor made it clear that he is committed to philanthropy, explaining that his decision comes from a heartfelt place—he has no children to inherit his wealth. However, it was his admiration for Satoshi Nakamoto that truly inspired him to pursue this noble path.

Like many in the crypto community, Saylor holds Nakamoto in high regard, recognizing him as a pivotal figure whose true identity remains a secret.

MicroStrategy Bitcoin Holdings: An Overview

MicroStrategy, Marathon Digital Holdings, Riot Platform, Tesla, Hut 8 Corp, Coinbase Global, and Block are the top seven public companies in terms of Bitcoin holdings.

MicroStrategy currently holds at least 252,220 BTC, worth $16,885,763,281. The company has at least 1.201% of the total Bitcoins. Since August 2020, the company has consistently increased its BTC holdings. On 11 August 2020, MicroStrategy’s BTC holdings were just 21,454. By mid-May 2021, they had reached 91,326 BTC.

By late January 2022, its holdings rose to 125,051 BTC. Between November 1, 2023, and July 21, 2024, MicroStrategy’s holdings surged from 152,400 BTC to 226,500 BTC. Notably, last month alone, the company purchased 25,720 BTC. Starting this year with around 189,150 BTC, MicroStrategy has acquired at least 63,079 BTC so far this year, highlighting its growing confidence in Bitcoin.

Bitcoin: The Perfect Hedge?

When explaining his optimism about Bitcoin, Saylor pointed out that traditional currencies tend to lose value over time. He likened Bitcoin to a battery that never loses its charge, suggesting its potential as a reliable store of value. Saylor also believes that Bitcoin could help solve at least half of the world’s pressing problems.

Transitioning to a ‘Bitcoin Bank’

Recently, Saylor outlined his vision to transform MicroStrategy from a software company into a ‘Bitcoin Bank.’ This shift explains the company’s aggressive strategy of acquiring Bitcoin in recent years.

In conclusion, Saylor’s ambitious wealth plan is expected to inspire a new generation of crypto leaders to rethink their goals and aspirations in the cryptocurrency world—both personally and professionally.

Vignesh S G

Vignesh is a young journalist with a decade of experience. A proud alumnus of IIJNM, Bengaluru, he spent six years as a Sub-Editor for a leading business magazine, published from Kerala. His interest in futuristic technologies took him to a US-based software company specialising in Web3, Blockchain and AI. This stint inspired him to view the future of journalism through the lens of next generation technologies. Now, he covers the crypto scene for Coinpedia, uncovering a vibrant new world where technology and journalism converge.

Recent Posts

Stablecoins Associated with First Digital Trust (FDT) Temporarily Depegs as Justin Sun Warns of Company’s Insolvency

In a surprising turn of events, Justin Sun, a prominent figure within the Tron (TRX)…

April 2, 2025

Trump Tariffs Live: Bitcoin Price Rallies To $87000 On ‘Liberation Day’

Cryptocurrency markets are experiencing fluctuations as traders brace for President Donald Trump's "Liberation Day" announcement,…

April 2, 2025

Grayscale Announces Launch of Two New Bitcoin ETFs: Here’s What They Are

Grayscale, a leading crypto asset manager, has introduced two new Bitcoin ETFs, offering a fresh…

April 2, 2025

Remember This Name! Remittix Presale Becomes the Top Predicted of 2025 as Project Raises Almost $15M in Record Time

In a year marked by conservatism and a sentiment shift in crypto, one name is…

April 2, 2025

Has Elon Musk Forgotten About Dogecoin (DOGE)?

Particularly for Dogecoin (DOGE), Elon Musk, the billionaire entrepreneur CEO of Tesla and SpaceX, has…

April 2, 2025

Shiba Inu Drops 9%, but RUVI AI’s (RUVI) Token Might Be the Meme Coin Killer as Investors Rush to Claim their Bonus

The cryptocurrency market is no stranger to ups and downs, and this week, Shiba Inu…

April 2, 2025