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 planet. The CEO has at all times been an enormous 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. At this time, bitcoin was nonetheless buying and selling beneath $30,000 and Saylor had stated that he acquired all of his holdings for a mean of $9,882. Bitcoin has since grown over 100% because the CEO made his huge reveal, pushing the worth of Saylor’s holdings to virtually $1 billion.

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How Much Is Saylor’s BTC Worth?

Michael Saylor advised The Information 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 stated 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 mean buying and selling worth of $13,900, Saylor’s holdings had been value a bit of over $246 million.

“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.”

Bitcoin is now buying and selling considerably increased than it was when Saylor had made his huge reveal, rising as excessive as $69ok at his peak. Presently, the value 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 pattern | Source: BTCUSD on TradingView.com

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

How Much Bitcoin Does MicroStrategy Own?

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

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

Featured picture from Business Insider, chart from TradingView.com