Michael Saylor, MicroStrategy CEO. Image: Real Vision Finance
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In brief
Michael Saylor, whose tech company MicroStrategy has invested $425 million in Bitcoin, has revealed his personal Bitcoin holdings.
In a tweet, Saylor stated that he personally holds 17,732 BTC.
During the company's Q3 earnings call, Saylor pointed to the recent adoption of Bitcoin by PayPal and Square as being “legitimizing” for the cryptocurrency.
MicroStrategy CEO Michael Saylor has revealed how much Bitcoin he personally owns.
In a tweet posted today, Saylor said "I personally #hodl 17,732 BTC which I bought at $9,882 each on average."
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.
Running the numbers, that means Saylor has spent $175,227,624 on Bitcoin, which is currently worth a cool $236,291,312 at today's Bitcoin price.
Saylor also added that he informed the company of this prior to making any personal Bitcoin purchase: "I informed MicroStrategy of these holdings before the company decided to buy Bitcoin for itself."
Saylor has become a keen advocate of Bitcoin, in a notable about-face from his previous views on the cryptocurrency. In 2013, he claimed that Bitcoin's "days are numbered" and likened it to online gambling.
Ethereum Classic and Ethereum split long before DeFi had captured the mind—and ETH tokens—of crypto users.
ETC Labs, a group of users and developers helping maintain the original Ethereum blockchain, wants to rectify that. It announced today plans for a new bridge between the Ethereum Classic and Ethereum blockchains, allowing DAI stablecoins to be swapped between the two.
The DAI bridge, operated by Chainsafe Systems, will potentially give DeFi a boost with the addition of more users familiar w...
That buying streak is set to continue; in a recent conference call about its Q3 earnings, MicroStrategy revealed that it plans to continue buying Bitcoin. During the call, Saylor pointed to the recent adoption of Bitcoin by PayPal and Square as being “legitimizing” for the cryptocurrency.
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