Michael Saylor says owning 628k BTC or 7% of supply is competitive as 160 firms now HODL

Michael Saylor, Executive Chairman of Strategy (formerly MicroStrategy), has dismissed concerns that the firm holds too much Bitcoin. In an Aug. 1 interview with CNBC, Saylor argued that owning 3% to 7% of the total Bitcoin supply is not excessive. Instead, he called it a balanced position that allows other institutions and individuals to participate. The post Michael Saylor says owning 628k BTC or 7% of supply is competitive as 160 firms now HODL appeared first on CryptoSlate.