Michael Saylor suggests burning Bitcoin keys after death as a “pro-rata contribution” to strengthen decentralization and benefit all holders.
Saylor, the chairman of MicroStrategy, recently unveiled a unique perspective on the future of his Bitcoin holdings. In a conversation with Fox Business’ Charles Payne, Saylor suggested that Bitcoin holders destroy their keys after their demise.
He noted this action would result in a proportional contribution to all remaining Bitcoin holders, potentially strengthening the protocol’s decentralized nature. He described Bitcoin as a protocol for prosperity and advocated for actions that enhance its long-term value.
“When you die, take the Bitcoin with you,” he said.
Taking The Torch From Satoshi
During the interview, Michael Saylor expressed aspirations to be remembered for advancing Bitcoin’s global adoption. He highlighted his efforts in carrying forward Satoshi Nakamoto’s vision, emphasizing his role in promoting Bitcoin’s commercialization among corporations and governments.
Advocacy for Bitcoin Adoption
Saylor has also consistently emphasized Bitcoin’s potential for mainstream adoption, targeting influential figures and corporations. In December, he directed his advocacy towards Amazon founder Jeff Bezos.
Saylor proposed that Bezos consider redirecting a reported $600 million allocated for a wedding celebration toward Bitcoin investment.
Although Bezos denied the claims about the celebration, Saylor maintained that such investments could significantly impact Bitcoin adoption at a corporate level. Bezos’ potential influence, Saylor implied, could pave the way for broader corporate interest in cryptocurrency.
MicroStrategy’s Aggressive Acquisition
In line with his advocacy, Saylor’s company, MicroStrategy, has continued its aggressive Bitcoin acquisition strategy. As of January 6, the firm revealed the purchase of 1,070 BTC at an average price of $94,004 per coin, amounting to a $101 million investment. This latest acquisition increased the company’s holdings to 447,470 BTC, valued at $44.55 billion.
Notably, MicroStrategy has amassed these holdings over four years at an average purchase price of $62,503 per Bitcoin, resulting in an unrealized profit of $16.59 billion.
Since November 2024, the company has intensified its purchasing efforts, acquiring Bitcoin on a weekly basis. The strategy gained momentum following Donald Trump’s pro-Bitcoin presidential victory, leading to a series of consecutive acquisitions.
Among these, MicroStrategy made its largest single purchase on November 25, buying 55,500 BTC for $5.4 billion.
