Michael Saylor Highlights 700M Global Crypto Users at Binance Blockchain Week
Michael Saylor reveals Strategy's Bitcoin holdings of 650,000 BTC, valued at $48.38 billion, while also sharing insights on growing cryptocurrency adoption globally.
BTC
Summary
At the Binance Blockchain Week, Michael Saylor of Strategy disclosed that the firm added 203,600 BTC year-to-date, bringing its total holdings to 650,000 BTC worth $48.38 billion. Additionally, he mentioned that 30% of U.S. voters own cryptocurrency, with global crypto users surpassing 700 million.
Terms & Concepts
- Bitcoin holdings: The total amount or value of Bitcoin owned by an individual or organization, often used to measure crypto investment exposure.
- Binance Blockchain Week: An annual event hosted by Binance, focusing on cryptocurrency and blockchain trends, technologies, and industry developments.
- Loan-to-Value (LTV) ratio: A financial metric comparing the size of a loan to the value of the asset purchased, used to assess leverage risk.