Bitcoin · Strategy · Michael Saylor · CoinDesk
Bitcoin's biggest holders, Strategy and Metaplanet, are betting on math, not price
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Key facts
- Strategy holds 840,447 BTC, worth $53 billion, making it the world's largest publicly listed bitcoin holder
- Simon Gerovich, CEO of Metaplanet, and Michael Saylor, executive chairman of Strategy, two of the cryptocurrency’s biggest corporate holders, have doubled down on their argument that BTC’s maximum
- Even as M2 money supply swelled, BTC has nearly halved to $63,500
- On Sunday, Gerovich noted that the global M2 money supply has reached an all-time high of over $100 trillion, calling it a bullish long-term tailwind for the cryptocurrency
Summary
Bitcoin BTC $ 63,460.44 continues to trade in a narrow price band, and two of its biggest corporate believers aren't blinking. Simon Gerovich, CEO of Metaplanet, and Michael Saylor, executive chairman of Strategy, two of the cryptocurrency’s biggest corporate holders, have doubled down on their argument that BTC’s maximum issuance of 21 million coins beats infinite money printing, whatever the price is doing this week. On Sunday, Gerovich noted that the global M2 money supply has reached an all-time high of over $100 trillion, calling it a bullish long-term tailwind for the cryptocurrency. “Bitcoin's price has decoupled from liquidity over the past year. “21 million will always be 21 million.