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Michael Saylor’s personal Bitcoin stash is now worth more than $1B

The MicroStrategy CEO continues to hodl his sizable crypto holdings of 17,732 BTC.

Photo by MichaelWuensch from Pixabay

Mon, 01 Nov 2021, 01:21 am UTC

MicroStrategy is known as the top publicly-listed company with the largest Bitcoin holdings. The company’s CEO, Michael Saylor, likewise holds a sizable personal BTC stash, which is now worth more than a billion dollars with the crypto’s recent rally.

Saylor reposted a tweet he made last year disclosing his personal Bitcoin holdings. While MicroStrategy is known as one of the first firms to hold BTC in its books, it was actually Saylor who bought the crypto first. In fact, his personal investment in the crypto somehow convinced the company’s board to do the same.

“Some have asked how much #BTC I own,” Saylor wrote in a tweet originally shared on October 28, 2020. “I personally hodl 17,732 BTC, which I bought at $9,882 each on average. I informed MicroStrategy of these holdings before the company decided to buy #bitcoin for itself.”

The executive hinted that he hasn’t sold any of his Bitcoin holdings since then. “You do not sell your #bitcoin,” Saylor added a comment on his repost.

With the recent rise of Bitcoin’s price, the value of Saylor’s BTC stash has risen significantly since then. At the time of writing, the crypto traded at $61,549 based on Coindesk data, which means that his stash is now worth around $1.09 billion.

Aside from Saylor, MicroStrategy remains bullish on Bitcoin and even added more of the crypto to its holdings. The business intelligence firm revealed that it purchased almost 9,000 BTC during the third quarter of 2021.

MicroStrategy remains the top publicly-traded company with the largest Bitcoin holdings. After its recent purchases during the third quarter, the firm now owns a total of 114,042 BTC.

The Bitcoin’s current price, the company’s crypto holdings is now worth around $7.02 billion. The purchase was made possible by “successfully raising capital in the quarter through our at-the-market equity offering.”

Saylor said that the firm does not plan to sell its crypto holdings as it is a great long-term investment for shareholders. MicroStategy is even in the lookout for “opportunities to raise additional capital to execute on our bitcoin strategy.”

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