Summary
- Michael Saylor had 17,732 Bitcoins in 2020 worth about $1 billion at today’s prices.
- During a recent interview, he said he would continue to acquire more.
A 2020 tweet from Michael Saylor started making waves today again. Bloomberg reported that in his message, Saylor was writing that he had 17,732 Bitcoins and the digital assets are now worth around $1 billion at current prices.
At the moment of writing this article, BTC is trading close to $56,000. The coin managed to bounce back quickly following the August 5 dip when the price of the coin dropped below $50,000.
In his 2020 tweet, Saylor wrote that someone asked him how much BTC he owned, so her responded by highlighting his personal holdings and saying that he bought the digital asset for $9,882 each BTC on average.
He also said that he informed MicroStrategy of these holdings before the company decided to buy BTC for itself.
Some have asked how much #BTC I own. 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.
— Michael Saylor⚡️ (@saylor) October 28, 2020
As Bloomberg reported, during a recent interview, Saylor said that he would continue to acquire more BTC, and he declined to reveal how much BTC he owns exactly in 2024.
Saylor said that Bitcoin is a great capital investment asset for an individual, family, and institutional corporation. He said that he doesn’t see a better place to put his money.
MicroStrategy Had 226,500 BTC at the End of July
As Bloomberg revealed, MicroStrategy was holding 226,500 BTC at the end of July. The company began acquiring BTC back in 2020 as a way to hedge against inflation.
MicroStrategy’s shares have surged almost 1,000% since the company began its Bitcoin buying spree. Also, BTC surged by 500% during the same period.
Earlier today, Saylor shared an article written by Lyn Alden on X and he said that Bitcoin will fix the corporate balance sheet.
The article posted by the founder of Lyn Alden Investment Strategy is called “A New Look at Corporate Treasury Strategy” and it explains how companies have historically de-capitalized themselves. It also reveals the reasons why buying and holding Bitcoin is a strategy that works.