thecryptobasic.com
MicroStrategy CEO, Michael Saylor revealed how much Bitcoin he personally owns.
MicroStrategy owns approximately 17,732 BTC ($861 million). He told about his BTC holdings in an interview with The Information.
Sailor stated that he never sold his Bitcoin, even never considered selling them. According to him, in the future, the price of one bitcoin will reach $6 million.
MicroStrategy, the firm founded by Saylor, owns 122,478 BTC. The firm first invested in bitcoin in August 2020, buying $250 million worth of cryptocurrency.
Subsequently, according to the strategy approved by the board of directors, the company continued to acquire digital gold using both equity and debt financing.
MicroStrategy made its last purchase in December 2021 buying 1,434 BTC for $82.4 million.
In total, the company invested about $3.66 billion in bitcoin. At the current BTC exchange rate, its cryptocurrency reserves are worth about $5.9 billion, almost double.
Sailor previously called BTC a “global reserve asset” and admitted that MicroStrategy would hold the cryptocurrency “forever.”
Since the beginning of 2021, Bitcoin has increased in price by about 67%, and the MicroStrategy stock price has added about 47%.
Recently Michael Saylor said that he is planning to lend MicroStrategy bitcoins holdings and generate yield on it. Saylor said his company has yet to make a final decision on the matter. Major banks and enormous technology companies can be potential borrowers.
Read More On Michael Saylor:
- Michael Saylor Considering To Enter Crypto Lending Market
- Can Bitcoin Make Michael Saylor The World’s First Trillionaire?
- Michael Saylor: “Bitcoin Will Surpass Gold, Will Emerge Into A $100T Asset Class And 100x Of Where It Is Right Now”
- Michael Saylor Says Bitcoin ETFs Will Take Financial Markets By Storm And Will Completely Replace Gold ETFs In Few Years
- Michael Saylor Says Bitcoin Is King Maker, Invites Developing Countries To Buy BTC And Issue Bitcoin-Backed Currencies
- Michael Saylor: “The Implicit Endorsement Of Bitcoin By Major Banks And Regulators Is Going To Accelerate The Collapse Of Gold And The Rise Of Bitcoin”
- Microstrategy CEO, Michael Saylor On China Banning BTC And Crypto: “Nothing Has Created More Wealth In The Past Decade Than Technologies Banned In China”
- Michael Saylor Announced That Microstrategy Has Purchased An Additional 3,907 Bitcoins For $177 Million In Cash
- Microstrategy CEO, Michael Saylor Defends $2.2 Billion Debt-Financed Bitcoin Buys
- Michael Saylor “Bitcoin Is Digital Real Estate And Is Now Held By More Than 114 Million People, Making It The Most Widely Held Financial Asset In The History Of The World”
- Microstrategy CEO Michael Saylor: “Bitcoin Is Big Tech Network Without Company”
- In The Microstrategy Bitcoin Conference, Michael Saylor And Microstrategy Did Exceptional Work To Enable Thousands Of Companies To Begin Their Bitcoin Journey