{"id":30856,"date":"2020-10-28T16:14:23","date_gmt":"2020-10-28T14:14:23","guid":{"rendered":"https:\/\/forklog.com\/en\/?p=30856"},"modified":"2025-08-28T00:21:11","modified_gmt":"2025-08-27T21:21:11","slug":"microstrategy-chief-reveals-how-many-bitcoins-he-owns","status":"publish","type":"post","link":"https:\/\/forklog.com\/en\/microstrategy-chief-reveals-how-many-bitcoins-he-owns\/","title":{"rendered":"MicroStrategy chief reveals how many bitcoins he owns"},"content":{"rendered":"<p>CEO MicroStrategy Michael Saylor disclosed that he personally holds a substantial portion of his assets in Bitcoin as a private individual.\u00a0<!--more--><\/p>\n<blockquote>\n<p>Some have asked how many bitcoins I own. I personally hold 17,732 BTC, which I bought at an average of $9,882 per coin. I informed MicroStrategy of these holdings before the company decided to buy bitcoin for itself.<\/p>\n<\/blockquote>\n<blockquote class=\"twitter-tweet\">\n<p dir=\"ltr\" lang=\"en\">Some have asked how much <a href=\"https:\/\/twitter.com\/hashtag\/BTC?src=hash&#038;ref_src=twsrc%5Etfw\">#BTC<\/a> I own. I personally <a href=\"https:\/\/twitter.com\/hashtag\/hodl?src=hash&#038;ref_src=twsrc%5Etfw\">#hodl<\/a> 17,732 BTC which I bought at $9,882 each on average. I informed MicroStrategy of these holdings before the company decided to buy <a href=\"https:\/\/twitter.com\/hashtag\/bitcoin?src=hash&#038;ref_src=twsrc%5Etfw\">#bitcoin<\/a> for itself.<\/p>\n<p>\u2014 Michael Saylor (@michael_saylor) <a href=\"https:\/\/twitter.com\/michael_saylor\/status\/1321422012380753921?ref_src=twsrc%5Etfw\">October 28, 2020<\/a><\/p>\n<\/blockquote>\n<p><script async src=\"https:\/\/platform.twitter.com\/widgets.js\" charset=\"utf-8\"><\/script><\/p>\n<p>Saylor&#8217;s personal cryptocurrency holdings account for nearly half of the company&#8217;s investments.<\/p>\n<p>MicroStrategy holds 38,250 BTC, which it has spent $425 million on. The average purchase price per BTC was $11,111.<\/p>\n<p>The day before, MicroStrategy reported its highest revenue since 2016 and a rise in profit from $11.6 million to $19.8 million for the third quarter. CEO Michael Saylor partly <a href=\"https:\/\/www.theblockcrypto.com\/post\/82519\/microstrategys-bitcoin-bet-is-creating-a-buzz-that-could-help-the-business\" target=\"_blank\" rel=\"nofollow noopener noreferrer\">explains<\/a> this success by shifting part of the capital into bitcoin.<\/p>\n<p>During a conference call with analysts, much of MicroStrategy&#8217;s CEO&#8217;s remarks were devoted to describing the advantages of the first cryptocurrency. He urged viewing Bitcoin as \u201cprogrammable gold\u201d and compared its forthcoming adoption to the advent of social networks.<\/p>\n<blockquote>\n<p>Bitcoin is becoming something more exciting than a simple digital bar of gold; it is becoming a monetary network. It is a network of digital energy that does not lose monetary energy. Its preservation and capitalization lay at the heart of our decision to buy bitcoin,&#8221; said Saylor.<\/p>\n<\/blockquote>\n<p>Fung Li, MicroStrategy&#8217;s Chief Financial Officer, noted that the decision to buy 38,250 BTC (in two tranches in <a href=\"https:\/\/forklog.com\/en\/news\/microstrategy-becomes-the-first-nasdaq-listed-company-to-invest-part-of-its-capital-in-bitcoin\">July<\/a> and <a href=\"https:\/\/forklog.com\/en\/news\/microstrategy-bets-another-175-million-on-bitcoin\">September<\/a>) broadened the pool of potential clients and strengthened the company&#8217;s reputation.<\/p>\n<blockquote>\n<p>\u201cThese investments have attracted cryptocurrency supporters to the technologies for safeguarding independent and open markets. The far-reaching and noticeable effect allowed us to strengthen our market positions,\u201d Li explained.<\/p>\n<\/blockquote>\n<p>He also noted rising traffic on MicroStrategy&#8217;s site and more active engagement with new types of clients. Fung Li expects a \u201csignificant increase in revenue\u201d once partnerships are closed with them.<\/p>\n<p>Earlier this month, Michael Saylor <a href=\"https:\/\/forklog.com\/en\/news\/microstrategy-chief-pledges-not-to-sell-bitcoin-for-a-century\">said<\/a> that MicroStrategy plans to hold the acquired bitcoins for 100 years. He also <a href=\"https:\/\/forklog.com\/en\/news\/microstrategy-chief-executive-says-private-firms-will-move-into-bitcoin-in-coming-months\">predicted<\/a> that in coming months the first cryptocurrency would be chosen by other private companies.<\/p>\n<p>In October, the payments company Square, led by Jack Dorsey, <a href=\"https:\/\/forklog.com\/en\/news\/square-invested-50-million-in-bitcoin\">announced<\/a> purchases of $50 million of bitcoin. Following its example were the asset-management firm <a href=\"https:\/\/forklog.com\/en\/news\/stone-ridge-holdings-group-nydigs-parent-buys-10000-btc\">Stone Ridge Holdings Group<\/a> and the London-listed fintech group <a href=\"https:\/\/forklog.com\/en\/news\/british-fintech-group-mode-global-holdings-to-shift-up-to-10-of-capital-into-bitcoin\">Mode Global Holdings<\/a>.<\/p>\n<p>Sign up for ForkLog news on <a href=\"https:\/\/twitter.com\/ForkLog\" target=\"_blank\" rel=\"nofollow noopener noreferrer\">Twitter<\/a>!<\/p>\n","protected":false},"excerpt":{"rendered":"<p>MicroStrategy CEO Michael Saylor disclosed that he personally holds a substantial portion of his assets in Bitcoin.<\/p>\n","protected":false},"author":1,"featured_media":30857,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"select":"1","news_style_id":"1","cryptorium_level":"","_short_excerpt_text":"","creation_source":"","_metatest_mainpost_news_update":false,"footnotes":""},"categories":[3],"tags":[1156,1207],"class_list":["post-30856","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-news-and-analysis","tag-institutional-investors-and-whales","tag-microstrategy"],"aioseo_notices":[],"amp_enabled":true,"views":"22","promo_type":"1","layout_type":"1","short_excerpt":"","is_update":"","_links":{"self":[{"href":"https:\/\/forklog.com\/en\/wp-json\/wp\/v2\/posts\/30856","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/forklog.com\/en\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/forklog.com\/en\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/forklog.com\/en\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/forklog.com\/en\/wp-json\/wp\/v2\/comments?post=30856"}],"version-history":[{"count":1,"href":"https:\/\/forklog.com\/en\/wp-json\/wp\/v2\/posts\/30856\/revisions"}],"predecessor-version":[{"id":30858,"href":"https:\/\/forklog.com\/en\/wp-json\/wp\/v2\/posts\/30856\/revisions\/30858"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/forklog.com\/en\/wp-json\/wp\/v2\/media\/30857"}],"wp:attachment":[{"href":"https:\/\/forklog.com\/en\/wp-json\/wp\/v2\/media?parent=30856"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/forklog.com\/en\/wp-json\/wp\/v2\/categories?post=30856"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/forklog.com\/en\/wp-json\/wp\/v2\/tags?post=30856"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}