MicroStrategy CEO Reveals How Much Bitcoin He Owns
2 min read
MicroStrategy CEO Michael Saylor has revealed how much Bitcoin he personally owns.
In a tweet posted today, Saylor said “I personally #hodl 17,732 BTC which I bought at $9,882 each on average.”
Some have asked how much #BTC I own. I personally #hodl 17,732 BTC which I bought at $9,882 each on average. I informed MicroStrategy of these holdings before the company decided to buy #bitcoin for itself.
— Michael Saylor (@michael_saylor) October 28, 2020
Running the numbers, that means Saylor has spent $175,227,624 on Bitcoin, which is currently worth a cool $236,291,312 at today’s Bitcoin price.
Saylor also added that he informed the company of this prior to making any personal Bitcoin purchase: “I informed MicroStrategy of these holdings before the company decided to buy Bitcoin for itself.”
Saylor’s Bitcoin conversion
Saylor has become a keen advocate of Bitcoin, in a notable about-face from his previous views on the cryptocurrency. In 2013, he claimed that Bitcoin’s “days are numbered” and likened it to online gambling.
Since then, he’s changed his views, calling Bitcoin “a million times better than gold”. Under his guidance, MicroStrategy has become one of the leading institutional investors in Bitcoin, investing $425 million into Bitcoin since August of this year.
That buying streak is set to continue; in a recent conference call about its Q3 earnings, MicroStrategy revealed that it plans to continue buying Bitcoin. During the call, Saylor pointed to the recent adoption of Bitcoin by PayPal and Square as being “legitimizing” for the cryptocurrency.
