Strategy Could Buy as Much as 7% of Bitcoin Supply, Says Michael Saylor

Bitcoin treasury company Strategy's co-founder Michael Saylor said on Friday that the Nasdaq-listed firm could end up holding upwards of 7% of the leading cryptocurrency's total supply of 21 million coins.

But Saylor, who pioneered the Strategy's Bitcoin treasury plan, said that the company wouldn't aim to buy all of the digital asset because he wants "everyone else to have their piece," in an interview with CNBC.

"I don't think we'll get all of [the Bitcoin]," said Saylor. "I don't think in the range of 3-5% or 3-7% is too much."

"We wouldn't want to own all of it—we want everyone else to have their piece," he added.

Strategy—formerly MicroStrategy—currently owns a little over 3% of the current 19,900,346 supply of Bitcoin. Only 21 million BTC will ever be minted, with the last coin expected to be created in the year 2140.