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Saylor's Satoshi-inspired giveaway plan š°
The MicroStrategy co-founder is "leaving whatever Iāve got to the civilization," following in the footsteps of Bitcoin creator Satoshi Nakamoto.
Stephen Graves
October 22, 2024
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š What you need to know
Bitcoin bull Michael Saylor is given to making bold pronouncements, and his latest is no exception.
The MicroStrategy co-founder plans to follow in the footsteps of Satoshi Nakamoto by āleaving whatever Iāve got to the civilization,ā just as the pseudonymous Bitcoin creator āleft a million Bitcoin to the universe.ā
Itās quite an endowment; Saylor personally holds 17,732 BTC, worth just shy of $1.2 billion at Bitcoinās current price.
His own holdings are dwarfed by those of MicroStrategy, though. Thanks to Saylorās aggressive Bitcoin purchasing strategy, the company is the largest corporate holder of Bitcoin, with over 252,000 BTC, worth around $16 billion, in its coffers, and plans to become a āBitcoin bankā with a trillion-dollar valuation.
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š¬ Quote of the Day
āIām a single guy, I have no childrenāwhen Iām gone, Iām gone. Just like Satoshi left a million Bitcoin to the universe, so Iām leaving whatever Iāve got to the civilization.ā
