Michael Saylor: "MicroStrategy may purchase up to 1.5 million BTC... A 3-7% share is not unreasonable"
Minseung Kang
Summary
- Michael Saylor, CEO of MicroStrategy, reportedly mentioned the possibility of purchasing up to 1.5 million Bitcoin (BTC).
- Saylor stated that holding 3-7% of the total Bitcoin supply is not excessive.
- This indicates there is potential for acquiring about 7% of the total BTC issuance limit of 21 million.
Michael Saylor, CEO of MicroStrategy (formerly MicroStrategy), mentioned the possibility that MicroStrategy could purchase up to 1.5 million Bitcoin (BTC).
According to cryptocurrency-focused media outlet Bitcoin Archive on the 1st, Saylor stated, "I don't think it's excessive for MicroStrategy to hold 3-7% of the total supply of Bitcoin."
This statement is interpreted as suggesting that there is leeway for the company to purchase up to 1.5 million BTC, which corresponds to about 7% of Bitcoin's maximum supply limit of 21 million BTC.
Minseung Kang
minriver@bloomingbit.ioBlockchain journalist | Writer of Trade Now & Altcoin Now, must-read content for investors.
