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Home Crypto News Market Is Anyone Interested To Know How Much Bitcoin MicroStrategy CEO, Michael Saylor...

Is Anyone Interested To Know How Much Bitcoin MicroStrategy CEO, Michael Saylor Personally Holds?

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MicroStrategy CEO, Michael Saylor revealed how much Bitcoin he personally owns.



MicroStrategy CEO 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:

 

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The content is for informational purposes only and may include the author’s personal opinion, and does not necessarily reflect the opinion of TheCryptoBasic. All Financial investments, including crypto, carry significant risk, so always do your complete research before investing. Never invest money you cannot afford to lose; the author or the publication does not hold any responsibility for your financial loss or gains.

Ammarahttps://thecryptobasic.com/
Ammara Mubin is a cryptocurrency reporter and trader with vast experience in the industry. Mubin has written several news stories related to the crypto industry, including non-fungible tokens (NFTs), decentralized finance (DeFi), fundraising, mining, etc. Her major focus is covering regulatory events that are capable of shaping the entire crypto ecosystem.

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