MicroStrategy CEO Michael Saylor has personally done very well by his longtime support for bitcoin, with his own holdings of the crypto now worth more than $1 billion.
On Thursday, Saylor retweeted a tweet of his from a year earlier in which he disclosed that he personally held 17,732 BTC he purchased for an average price of just under $10,000 (at the time, those holdings would have been worth $235 million). In his retweet, he added the comment that “you do not sell your #bitcoin.”
Saylor confirmed in an exchange with CoinDesk that he has not sold any of his bitcoin holdings.
— Michael Saylor? (@saylor) October 28, 2021
At current prices, Saylor’s holdings would be worth about $1.1 billion, reflecting an unrealized gain of more than 500%.
On Thursday, the company disclosed that it had added almost 9,000 BTC to its balance sheet in the third quarter, bringing its total owned to 114,042 BTC. At current prices, that bitcoin is worth about $7 billion, while MicroStrategy’s entire market capitalization is roughly $7.4 billion.
UPDATE (Oct. 29, 20:17 UTC): Adds Saylor’s confirmation in second bullet point.