Michael Saylor says he personally owns $1 billion in BTC

Bitcoin mining isn’t boiling the ocean, Michael Saylor said during the Aug. 7 interview with “Bloomberg Open Interest.” However, the safe asset is getting the MicroStrategy founder’s blood boiling for a future-proof financial platform.

Bloomberg Television’s Sonali Basak asked the insatiable Bitcoin custodian, “Beyond MicroStrategy, how do you personally hold Bitcoin? Do you have a significant personal stack in addition to what you own through MicroStrategy and MicroStrategy?”

Here’s what the founder and president of MicroStrategy (NASDAQ: MSTR ) had to say…

Michael Saylor advocates Hodling for your personal finances

“Yes, I have significant personal Bitcoin funds,” Saylor replied. “I think about four years ago, I tweeted that I have 17,732 Bitcoins. I haven’t sold any Bitcoins; I keep acquiring more Bitcoins.”

This could mean that the only people in the world who own more Bitcoin than Saylor are Binance founder Changpeng Zhou, the Winklevoss Twins and Satoshi Nakamoto.

He further added: “I think it is a great capital investment asset for an individual, a family, an institution, a corporation or a country. And I can’t see a better place to put my money.”

“So my view is that if you’re going to save billions of dollars over decades, you’re going to want a very powerful crypto network to defend it and there’s really no second best,” Saylor concluded.

He says Bitcoin will “repair” corporate balance sheets

On Wednesday morning, Saylor tweeted: “#Bitcoin will fix your corporate balance sheet.” During the Bloomberg Television interview, the MIT graduate and Bitcoin advocate said:

“Bitcoin is special because it’s literally the most powerful computer network in the world. It’s the most powerful. It has the most electrical power, it has the most computer power, it has the most economic power, it has the most political power.”

Instead of apologizing for the Bitcoin network’s energy usage, it bragged about how the world’s undisputed leader in blockchain deployment uses more electricity than the US Navy to secure user holdings.

“The fact that it runs on 17 gigawatts or more of electricity means it has more power than the United States Navy. That makes the nation-state resilient and nuclear-hardened.”

MicroStrategy’s average cost per Bitcoin is around $37,000, and the company is planning a 10-to-1 stock split. The price of Bitcoin on Wednesday rose to $57,500 before resuming support at the 56,000 level dollars, which means the company has a massive unrealized profit.

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