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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.
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.
You do not sell your #bitcoin. https://t.co/zMGyYU1iRp
— Michael Saylor⚡️ (@saylor) October 28, 2021
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- 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.
Nelson Wang
Nelson edits features and opinion stories and was previously CoinDesk’s U.S. News Editor for the East Coast. He has also been an editor at Unchained and DL News, and prior to working at CoinDesk, he was the technology stocks editor and consumer stocks editor at TheStreet. He has also held editing positions at Yahoo.com and Condé Nast Portfolio’s website, and was the content director for aMedia, an Asian American media company. Nelson grew up on Long Island, New York and went to Harvard College, earning a degree in Social Studies. He holds BTC, ETH and SOL above CoinDesk’s disclosure threshold of $1,000.
