Michael Saylor, co-founder of MicroStrategy, has been making headlines with his bullish stance on Bitcoin. Here are some key updates:
- *Bitcoin Price Prediction*: Saylor predicts Bitcoin will reach $5 million per coin, citing three major catalysts:
- *Spot Bitcoin ETF*: Allowing institutions to make large purchases seamlessly
- *Bank Custody and Lending*: Integrating Bitcoin into the traditional financial system
- *Fair Value Accounting*: Enabling companies to report Bitcoin's true market value on corporate balance sheets
- *Recent Purchases*: MicroStrategy has acquired 15,355 BTC for approximately $1.42 billion at $92,737 per Bitcoin, bringing their total holdings to 553,555 BTC.
- *Future Purchases*: Saylor has hinted at another massive Bitcoin purchase, with MicroStrategy's current holdings valued at around $62 billion.
- *No Plans to Sell*: Saylor has stated that MicroStrategy doesn't plan to sell any of its Bitcoin holdings anytime soon, or potentially ever.
- *Lawsuit*: MicroStrategy is facing a lawsuit over a $5.9 billion Bitcoin loss, but Saylor remains committed to his Bitcoin strategy.¹ ² ³
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