Michael Saylor, co-founder of the Bitcoin Strategy fund management company, stated on Friday that the company may own up to 7% of the total supply of 21 million Bitcoins. Speaking in an interview with CNBC, Saylor claimed that this amount is a potential, but the company does not aim to acquire all Bitcoins.
"I don't think we can achieve all of it," Saylor said. "About 3% to 5% or 3% to 7% is not that much. But we don't want to achieve all of it; we want everyone to have a share."
Strategy, formerly known as MicroStrategy and currently traded on Nasdaq, owns over 3% of the 19.9 million Bitcoins in circulation, equivalent to 628,791 BTC.
This amount is currently valued at approximately $72 billion with the current price at $114,692. The total supply of Bitcoin is limited to 21 million, with the last Bitcoin expected to be minted in 2140.
Purchasing 1.47 million BTC, equivalent to 7% of the total supply, would mean investing approximately $169 billion at the current price.
In yesterday's Q2 earnings call, Saylor stated that even if the price of Bitcoin drops by 80% to 90%, the company could still weather the downturn without having to sell the BTC it holds.