Michael Saylor: “I Will Never Sell Bitcoin”… Holds Long-Term Despite 2.8 Trillion Won Valuation Gain

Michael Saylor has once again demonstrated his unwavering belief in Bitcoin (BTC). The co-founder of business intelligence firm Strategy and well-known Bitcoin evangelist recently emphasized the message “I don't sell Bitcoin” on social media platform X, reiterating the importance of a long-term holding strategy.

This post was written reflecting on a tweet from 5 years ago when he first publicly disclosed his Bitcoin holdings, implying he still hasn't sold a single coin. Saylor views Bitcoin not just as an investment asset, but as a 'store of value for the digital age', advising not to be swayed by temporary price volatility. This philosophy is also behind Strategy's purchase of trillions of won worth of Bitcoin as corporate assets over the past few years.

According to his disclosure, Saylor held 17,732 Bitcoins in his personal wallet as of 2020, with an average purchase price of $9,882 ( about 13.75 million won ). This suggests he utilized most purchase opportunities before Bitcoin surpassed $10,000. The current valuation of these Bitcoins is about $114,820 ( about 159.54 million won ) each, with a total asset value of approximately $2.03599 billion ( about 2.8204 trillion won ). This represents over 1 trillion won in valuation gain compared to the original investment of about $175.23 million ( about 242.9 billion won ).

Saylor has consistently expressed an optimistic view on Bitcoin's long-term prospects. Even during various cryptocurrency market downturns or heightened geopolitical uncertainties, he has encouraged investors with the slogan “Don't stop believing”. This message also reflects his belief that Bitcoin's value will be preserved and increase over time, and that it is a superior asset compared to fiat currencies.

It's also worth noting that before Strategy invested in Bitcoin, Saylor transparently disclosed his personal holdings to the board of directors. This is interpreted as a measure to avoid conflicts of interest and ensure credibility for large-scale investments.

Saylor's consistent actions reflect a philosophical belief in holding Bitcoin beyond just an investment strategy. This strong declaration of not selling Bitcoin regardless of market conditions is drawing attention as a prime example of how a value-focused long-term holding strategy can lead to results even in the highly volatile cryptocurrency market.