Michael Saylor Applauds Bitcoin’s 1 Billion Transaction Mark

• MicroStrategy CEO Micahel Saylor commemorates Bitcoin’s history on X.
• The 1 billion transaction milestone comes 15 years after BTC’s inception.
• Bitcoin dipped below $64K despite exiting the post-halving danger zone.

Michael Saylor, MicroStrategy CEO and one of the most famous Bitcoin (BTC) proponents, shared a celebratory message on X as BTC reached 1 billion transactions.

Key Milestone Takes Shape After 15 Years

Accomplished on May 5 at 21:34 UTC, this milestone signifies a long road from the first Bitcoin transaction recorded on January 12, 2009. Back then, Bitcoin’s creator, Satoshi Nakamoto , sent a test transaction of 10 Bitcoins to Hal Finney, a computer scientist and one of the earliest Bitcoin adopters. Two years later, Bitcoin’s Proof of Work (PoW) blockchain surged past 1 million transactions in July 2011.

Now, hours into the 1 billion transaction milestone, the leading digital asset consolidated around $64,000. As of press time, Bitcoin trades at $63,496, according to CoinGecko.

Saylor Owns Over $13B Worth of Bitcoin

As a proponent of Bitcoin and blockchain technology, Saylor constantly tops up his company’s BTC stash. The latest purchase came on April 29, 2024, when Saylor reported having bought ₿122, spending $7.8 million.

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However, the latest purchase is relatively small compared to the ₿12,000 he purchased with $821,700,000 on March 11. Eight days later, Saylor topped up his BTC vault with another ₿9245 at an average price of $67,382.

Making a colossal $6,124,429,542 in the process, Saylor is up 80% in all-time BTC investments, according to SaylorTracker.com. This puts him at the top of the list of the richest celebrities around the globe who BTC. In comparison, El Salvador’s President Nayib Bukele owns $₿5 741, or $362,107,097 worth of the asset.

On the Flipside

• Bitcoin’s current combined liquidity status points at crypto bears taking over the spot markets, as 24-hour BTC sales outscore BTC bids almost twice: $2.45B to $1.25B.

Why This Matters

Technology magnates embracing blockchain technology significantly contribute to worldwide crypto adoption.

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