MicroStrategy (Nasdaq: MSTR), recently rebranded to Strategy, co-founder and executive chair Michael Saylor said that he may burn his own private keys to Bitcoin instead of donating the cryptocurrency before he dies.
It would be an “ethically proper, ethically sound form of charity” that would grant “economic immortality,” added Saylor.
Saylor made these remarks while speaking to Christine Lee in an interview on March 25.
Strategy co-founder explained that burning his Bitcoin would reduce its supply, making the asset more valuable. The step would make “everyone in the network much richer and more powerful.”
Saylor added, “We’re all in it together, from now to eternity. So yeah, that’s my legacy.” He personally holds more than 17,000 Bitcoin.
Strategy itself would “never sell” its Bitcoin holdings the way the U.S. government has vowed not to, Saylor clarified.
The Bitcoin evangelist predicted Bitcoin’s market capitalization to reach $200 trillion by 2045. As of March 26, it stands at $1.7 trillion. Saylor believes that in 2045, artificial intelligence (AI) agents will interact millions of times a second and use Bitcoin as a base currency.
Thanks to Saylor’s highly bullish outlook towards Bitcoin, Strategy is the largest corporate holder of Bitcoin. The company currently holds 506,137 Bitcoin, worth approximately $44.3 billion at current prices.
As GameStop joined the list of select companies that add Bitcoin to their corporate holdings on March 25, Saylor welcomed the move on X (formerly Twitter).
As per Kraken’s price feeds, Bitcoin was trading at $87,818.80 at press time. Meanwhile, MSTR was exchanging hands at $341.81 at press time.
