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MicroStrategy CEO Michael Saylor’s 17,732 BTC Holdings Now Worth $1.1B

 2 years ago
source link: https://www.coindesk.com/sponsored-content/microstrategy-ceo-michael-saylors-17732-btc-holdings-now-worth-11b/
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MicroStrategy CEO Michael Saylor’s 17,732 BTC Holdings Now Worth $1.1B

The vocal bitcoin proponent has made a gain of more than 500% on his holdings over the past year.

Oct 29, 2021 at 5:43 p.m. UTC
Updated Oct 29, 2021 at 7:35 p.m. UTC

MicroStrategy CEO Michael Saylor (Joe Raedle/Getty Images)

MicroStrategy CEO Michael Saylor has personally done very well by his longtime support for bitcoin, with his own holdings of the crypto now worth more than $1 billion.

  • On Thursday, Saylor retweeted a tweet of his from a year earlier in which he disclosed that he personally held 17,732 BTC he purchased for an average price of just under $10,000 (at the time, those holdings would have been worth $235 million). In his retweet, he added the comment that “you do not sell your #bitcoin.”
  • Saylor confirmed in an exchange with CoinDesk that he has not sold any of his bitcoin holdings.
  • At current prices, Saylor’s holdings would be worth about $1.1 billion, reflecting an unrealized gain of more than 500%.
  • On Thursday, the company disclosed that it had added almost 9,000 BTC to its balance sheet in the third quarter, bringing its total owned to 114,042 BTC. At current prices, that bitcoin is worth about $7 billion, while MicroStrategy’s entire market capitalization is roughly $7.4 billion.

UPDATE (Oct. 29, 20:17 UTC): Adds Saylor’s confirmation in second bullet point.

DISCLOSURE

The leader in news and information on cryptocurrency, digital assets and the future of money, CoinDesk is a media outlet that strives for the highest journalistic standards and abides by a strict set of editorial policies. CoinDesk is an independent operating subsidiary of Digital Currency Group, which invests in cryptocurrencies and blockchain startups.

Nelson Wang is CoinDesk's news editor for the East Coast. He holds BTC and ETH above CoinDesk's disclosure threshold of $1,000.

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