Bitget App
Trade smarter
Buy cryptoMarketsTradeFuturesEarnWeb3SquareMore
Trade
Spot
Buy and sell crypto with ease
Margin
Amplify your capital and maximize fund efficiency
Onchain
Going Onchain, without going Onchain!
Convert
Zero fees, no slippage
Explore
Launchhub
Gain the edge early and start winning
Copy
Copy elite trader with one click
Bots
Simple, fast, and reliable AI trading bot
Trade
USDT-M Futures
Futures settled in USDT
USDC-M Futures
Futures settled in USDC
Coin-M Futures
Futures settled in cryptocurrencies
Explore
Futures guide
A beginner-to-advanced journey in futures trading
Futures promotions
Generous rewards await
Overview
A variety of products to grow your assets
Simple Earn
Deposit and withdraw anytime to earn flexible returns with zero risk
On-chain Earn
Earn profits daily without risking principal
Structured Earn
Robust financial innovation to navigate market swings
VIP and Wealth Management
Premium services for smart wealth management
Loans
Flexible borrowing with high fund security
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

ChaincatcherChaincatcher2025/01/07 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."

0

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.

PoolX: Earn new token airdrops
Lock your assets and earn 10%+ APR
Lock now!