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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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Ammarahttps://thecryptobasic.com/
Ammara Mubin is a cryptocurrency expert, trader and journalist with extensive experience of covering everything related to the burgeoning industry — from price analysis to Blockchain disruption. Ammara authored more than 1,000 stories for TheCryptoBasic, CryptoComes and other fintech media outlets. She is particularly interested in regulatory trends around the globe that are shaping the future of digital assets.

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