Michael Saylor announces plans to give away his Bitcoin, like Satoshi Nakamoto

Michael Saylor, the co-founder and executive chairman of MicroStrategy, has announced plans to give away his Bitcoin (BTC), like Satoshi Nakamoto, once he passes away.

The self-described “Bitcoin maximalist” made the statement in an interview with Madison Reidy of the New Zealand Herald.

The former Massachusetts Institute of Technology (MIT) graduate has made a name for himself as a Bitcoin backer and has convinced many public figures to join the crypto movement.

In a 2020 statement on X in response to Elon Musk’s reported interest in Bitcoin, Saylor said, “If you want to do your shareholders a $100 billion favor, convert the $TSLA balance sheet from USD to #BTC. Other firms on the S&P 500 would follow your lead & in time it would grow to become a $1 trillion favor.”

Musk would then buy $1.5 billion worth of the cryptocurrency through Tesla, announcing that the company would also accept Bitcoin transactions as payment.

“I’m a single guy, I have no children — when I’m gone, I’m gone. Just like Satoshi left a million Bitcoin to the universe, so I’m leaving whatever I’ve got to the civilization,” he said as part of the Reidy interview.

Saylor redoubled his trust in Bitcoin, saying, “If you want your company, family, or endowment to last forever, you need to capitalize it with an asset that doesn’t degrade.”

His support comes at a time when the demand for Bitcoin is currently outweighing the supply. Bitcoin is trading at $67,357.79, which isn’t too far off the all-time high of $73,750.07 recorded seven months ago in March 2024.

A new HBO documentary, Money Electric: The Bitcoin Mystery, hopes to unravel the mystery and mystique of Bitcoin’s Satoshi Nakamoto.

The origins of this fabled character and his parting charity long remain one of the biggest conundrums of the internet age.

Image: New Zealand Herald

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