Picture of MicroStrategy CEO Michael Saylor

Michael Saylor is among the most vocal supporters of bitcoin and is CEO of MicroStrategy, the corporate with the most important bitcoin holdings on the earth. The CEO has at all times been a giant proponent of the digital asset, taking each a private {and professional} stake within the asset.

Saylor had revealed in 2020 that he holds over 17,000 BTC. Right now, bitcoin was nonetheless buying and selling under $30,000 and Saylor had mentioned that he bought all of his holdings for a median of $9,882. Bitcoin has since grown over 100% for the reason that CEO made his large reveal, pushing the worth of Saylor’s holdings to virtually $1 billion.

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How A lot Is Saylor’s BTC Price?

Michael Saylor instructed The Data that he doesn’t consider that anybody ought to promote any of their bitcoin and that he has really by no means offered any of his bitcoin. In his 2020 reveal, he mentioned that he held a complete of $17,732 BTC, all of which he had bought earlier than his firm MicroStrategy, had bought its first bitcoin. At a median buying and selling value of $13,900, Saylor’s holdings had been value just a little over $246 million.

“Some have requested how a lot #BTC I personal. I personally #hodl 17,732 BTC which I purchased at $9,882 every on common. I knowledgeable MicroStrategy of those holdings earlier than the corporate determined to purchase #bitcoin for itself.”

Bitcoin is now buying and selling considerably increased than it was when Saylor had made his large reveal, rising as excessive as $69okay at his peak. Presently, the worth of BTC is revolving round $48,000. At this current worth, the CEO’s bitcoin holdings at the moment are value over $850 million.

BTC begins restoration development | Supply: BTCUSD on TradingView.com

He intends to proceed holding these cash as he believes that bitcoin is headed for $6 million apiece. Which means that the CEO nonetheless expects the cryptocurrency to develop one other 12,000% from its present worth.

How A lot Bitcoin Does MicroStrategy Personal?

MicroStrategy boasts the most important bitcoin holdings of any public firm. The corporate had begun accumulating bitcoin in 2019 and has since garnered 122,478 as of its final buy, bringing the whole worth of its holdings to over $6.1 billion. All of its BTC had been bought at a median value of $29,861, placing the corporate firmly in revenue on the present worth of the asset.

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Nevertheless, its CEO had begun buying bitcoin earlier than the corporate. Saylor revealed that he had all of his BTC earlier than MicroStrategy had purchased its first bitcoin, including that his private holdings had been proven to persuade the corporate to start investing within the digital asset.

The corporate, like its CEO, has no plans to promote is BTC. As an alternative, it has begun trying in the direction of new methods to generate yield from the funding, which Saylor revealed at an investor day presentation held final week.

Featured picture from Enterprise Insider, chart from TradingView.com