Why Owning Just 3–7% of Bitcoin Could Be the Ultimate Power Move According to Michael Saylor—Are You Ready to Seize It?
Key Takeaways
Saylor implied that there was nothing wrong with his firm eyeing 1.5 million BTC, or about 7% of the BTC total supply. The firm saw a profitable Q2, the first time following several red quarters.
Michael Saylor, chairman of Strategy (MicroStrategy), has downplayed concerns about the firm’s aggressive Bitcoin [BTC] buys, which now control 3% of the overall BTC supply.
In a recent CNBC interview, Saylor stated,
“I don’t think owning 3% to 7% of Bitcoin supply is too much. BlackRock has more than that.”
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