Michael Saylor has probably spent more on bitcoin at this point than anyone else – and he’s still buying. The CEO of MicroStrategy, a publicly traded business software company that now operates more like an unregistered bitcoin exchange-traded fund (ETF), started his BTC binge with the firm’s cash reserves in 2020 and hasn’t stopped. Sometimes he buys the dip, sometimes at peaks, a sort of institutional-grade dollar cost averaging. To date, MicroStrategy has bought 122,478 BTC (worth about $6 billion), and Saylor is still on the market.
Obviously, Saylor has unique views on bitcoin. In addition to being the world’s most secure digital asset (not a currency), bitcoin is “energy,” a creative life force, he says. Fiat, by comparison, is a dead end.
The leader in news and information on cryptocurrency, digital assets and the future of money, CoinDesk is a media outlet that strives for the highest journalistic standards and abides by a strict set of editorial policies. CoinDesk is an independent operating subsidiary of Digital Currency Group, which invests in cryptocurrencies and blockchain startups.