MicroStrategy CEO Reveals How Much Bitcoin He Owns
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Answer MicroStrategy CEO Reveals How Much Bitcoin He Owns
MicroStrategy has become one of the prominent names in the cryptocurrency scene due to the size of its investment in Bitcoin, as it purchased 425 million dollars worth of Bitcoin.
Recently, Michael Saylor, CEO of MicroStrategy, revealed how much Bitcoin he personally owns.
in Tweet Posted yesterday, Saylor said:
I personally own 17,732 bitcoins that I bought at an average price of $9882 per unit.
With a simple calculation, we find that Saylor spent $175,227,624 on bitcoin when the bitcoin price was $9882, and now these coins are worth $234,291,312 at the price of bitcoin today.
Saylor also added that he informed his company of this before making any personal purchase of Bitcoin, stating what it means:
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MicroStrategy reported these holdings before the company decided to buy bitcoin for itself.
Some asked how much #BTC I own. Me personally #hodel I bought 17,732 BTC at an average of $9,882 each. MicroStrategy reported these collectibles before the company decided to buy # bitcoin about himself.
– Michael Saylor (@michael_saylor) October 28, 2020
Saylor Turns To Bitcoin:
Saylor has become a staunch advocate of Bitcoin, in a marked change from his previous views on the cryptocurrency.
In 2013, Saylor stated that Bitcoin’s days are numbered and likened it to online gambling.
Since then, he has changed his mind, describing Bitcoin as a million times better than gold.
Under his supervision, MicroStrategy has become one of the largest investment institutions in bitcoin, having invested $425 million in bitcoin since August of this year.
And it seems that this buying line from “MicroStrategy” is poised to continue.
This was demonstrated through a virtual conference in which “MicroStrategy” revealed that it plans to continue buying bitcoin.
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During the conference, Saylor noted PayPal and Square’s recent adoption of bitcoin legalizing the currency.
Read also:
MicroStrategy CEO: Bitcoin is a million times better than gold
MicroStrategy buys a large number of bitcoins… Details here
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