Michael Saylor announces that all Bitcoin private keys will be destroyed after his death: Contributing to global BTC holders

Author: James, BlockTempo

To welcome the arrival of the new year, MicroStrategy, the dominant Bitcoin holding company in the United States, is still continuing to increase its position in Bitcoin. Michael Saylor, the co-founder of MicroStrategy, tweeted on the 5th to share the MicroStrategy Bitcoin tracked by SaylorTracker.com Position data.

This is the ninth consecutive week that Michael Saylor has released MicroStrategy’s Bitcoin position tracking data. However, this time is different from the previous one. He bluntly stated that “something on the website is not correct.” This is most likely a hint that MicroStrategy has once again increased its holdings of Bitcoin. .

According to previous rules, Michael Saylor always increases his holdings of Bitcoin the day after releasing position data news. On SaylorTracker.com, every time the micro-strategy buys Bitcoin, the website will mark a green dot on the corresponding date. , the Bitcoin price trend line is presented in blue.

MicroStrategy proposed its 21/21 plan at the end of October last year, aiming to raise US$21 billion in equity financing and issue US$21 billion in fixed income products (including debt, convertible notes and preferred stocks) in the next three years, raising a total of $42 billion to buy more Bitcoin.

MicroStrategy just announced the latest progress of its 21/21 plan on the 3rd. It is planning to issue permanent preferred shares through one or more public underwritings to raise up to US$2 billion. The purpose is to help the company continue to strengthen its balance sheet and purchase newer assets. Multi-Bitcoin is expected to be implemented within the first quarter of 2025.

MicroStrategy currently holds a total of 446,400 Bitcoins, with a current value of approximately US$44.27 billion, and unrealized profits of US$16.3 billion.

Reaffirms that Bitcoin keys will be destroyed after death

It is also worth noting that Michael Saylor recently announced in an interview with Fox Business that he will destroy Bitcoin private keys after his death. He described this move as a "proportional contribution to everyone in the world who owns Bitcoin."

Michael Saylor advocates that after the death of Bitcoin holders, their Bitcoin private keys should be destroyed and permanently deprived of access to the Bitcoin held. This will reduce the supply of Bitcoin in the market, which will ultimately ensure that Bitcoin The value rises, benefiting the holder.

Michael Saylor said he hopes he will be remembered for "taking over the torch from Satoshi Nakamoto and commercializing Bitcoin through businesses and governments decades after his death."

"Michael Saylor disclosed at the end of 2020 that he personally held 17,732 Bitcoins. He previously stated that not only did he not sell any Bitcoins over the years, but he continued to add positions, but the exact number is currently unclear."

The proposal to destroy Bitcoin private keys after death has sparked widespread discussion in the cryptocurrency community. From a critical perspective, this move may appear irresponsible and wasteful. If a large number of whales adopt this approach, it may distort Bitcoin. currency ecosystem, but some community members praised the move as a “very good diamond strategy.”