MicroStrategy CEO Michael Saylor personally owns about 17,732 BTC (~$861 million). He disclosed this in an interview with The Information.
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Saylor said he has never sold his coins, except when he deems it prudent. He projects that the price of a single Bitcoin could reach $6 million in the future.
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Founded by him, MicroStrategy owns 122,478 BTC. The firm first invested in Bitcoin in August 2020, buying the cryptocurrency for $250 million.
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Subsequently, according to board-approved strategy, the company continued to acquire digital gold, using both equity and debt financing.
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As of the time of writing, MicroStrategy’s most recent purchase was in December — 1,434 BTC for about $82.4 million.
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In total, the company has invested roughly $3.66 billion in Bitcoin. At current prices, its cryptocurrency reserves stand at about $5.9 billion.
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Earlier, Saylor called digital gold a \”global reserve asset\” and suggested that MicroStrategy will store the cryptocurrency ‘forever’.
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Since the start of 2021, Bitcoin has risen by about 67%, and the company’s stock has gained around 47%. Market capitalisation stands at about $6.3 billion.
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Earlier, in talks with investors, Saylor said that the company will consider opportunities for additional earnings on Bitcoin assets.