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Michael Saylor announces he will destroy all Bitcoin private keys after death: contributing to global BTC holders

Michael Saylor announces he will destroy all Bitcoin private keys after death: contributing to global BTC holders

Chaincatcher2025/01/07 23:33
By: Dynamic Zone Dynamic Trend Block Tempo
He revealed in 2020 that he personally held 17,732 bitcoins. In recent years, he not only did not sell them but also increased his holdings.

Author: James, BlockTempo

As the new year approaches, MicroStrategy, the leading publicly traded company holding Bitcoin, continues to accumulate more Bitcoin. On the 5th, co-founder Michael Saylor tweeted sharing the MicroStrategy Bitcoin holding data tracked by SaylorTracker.com.

This marks the ninth consecutive week that Michael Saylor has released tracking data on MicroStrategy's Bitcoin holdings. However, this time, he explicitly stated that "some parts of the website are not quite correct," which likely hints that MicroStrategy has once again increased its Bitcoin holdings.

According to previous patterns, Michael Saylor usually increases Bitcoin holdings the day after releasing the holding data. On SaylorTracker.com, a green dot is marked on the corresponding date each time MicroStrategy buys Bitcoin, while the Bitcoin price trend line is presented in blue.

Michael Saylor announces he will destroy all Bitcoin private keys after death: contributing to global BTC holders image 0

MicroStrategy proposed the 21/21 plan at the end of October last year, aiming to raise $21 billion in equity financing and issue $21 billion in fixed-income products (including debt, convertible notes, and preferred stock) over the next three years, totaling $42 billion to purchase more Bitcoin.

On the 3rd, MicroStrategy announced the latest progress of its 21/21 plan, planning to raise up to $2 billion through one or more public offerings of perpetual preferred stock, aimed at helping the company continue to strengthen its balance sheet and purchase more Bitcoin, with implementation expected in the first quarter of 2025.

MicroStrategy currently holds a total of 446,400 Bitcoins, valued at approximately $44.27 billion, with unrealized profits reaching $16.3 billion.

Reiterating the Destruction of Bitcoin Private Keys After Death

Additionally, it is noteworthy that Michael Saylor recently announced in an interview with Fox Business that he will destroy his Bitcoin private keys after his death, describing this act as a "proportional contribution to everyone in the world who owns Bitcoin."

Michael Saylor announces he will destroy all Bitcoin private keys after death: contributing to global BTC holders image 1

Michael Saylor advocates that Bitcoin holders should destroy their Bitcoin private keys upon death, permanently depriving access to their Bitcoin holdings. This would reduce the supply of Bitcoin in the market, ultimately ensuring an increase in Bitcoin's value, benefiting the holders.

Michael Saylor expressed his hope to be remembered for "taking the torch from Satoshi Nakamoto and promoting commercial Bitcoin through businesses and governments decades after his death."

"Michael Saylor revealed at the end of 2020 that he personally holds 17,732 Bitcoins. He previously stated that over the years he has not sold any Bitcoin but has continued to accumulate more, although the exact number is currently unclear."

The proposal to destroy Bitcoin private keys after death has sparked widespread discussion in the crypto community. From a critical perspective, this action may seem irresponsible and wasteful; if a large number of whales adopt this practice, it could distort the Bitcoin ecosystem. However, some community members praise this move as a "very good diamond hand strategy."

Disclaimer: The content of this article solely reflects the author's opinion and does not represent the platform in any capacity. This article is not intended to serve as a reference for making investment decisions.
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