Bitcoin Billionaire: Michael Saylor's Personal Bitcoin Stash and MicroStrategy's Bitcoin Holdings
Michael Saylor, the chairman and co-founder of tech company MicroStrategy, has been making headlines for his significant investments in Bitcoin. In 2020, Saylor claimed to personally own 17,732 BTC, which he purchased for $175.2 million. Today, that same investment would be worth over $1.1 billion.
MicroStrategy, on the other hand, has been amassing a substantial Bitcoin reserve since 2020, making it one of the largest corporate holders of Bitcoin in the world.
MicroStrategy has been steadily increasing its Bitcoin holdings since 2020. As of February 2024, the company owns 193,000 BTC, which is worth more than $12 billion. This investment has paid off tremendously, making MicroStrategy into one of the most relevant public companies in the cryptospace.
Saylor has been vocal about his commitment to Bitcoin, even selling some of his personal Bitcoin stash to buy more. Despite the sale, Saylor's personal Bitcoin holdings are still significant, and his investment has seen huge gains. At its peak on February 28th, Bitcoin reached a price of $63,918, making Saylor's position worth $12.3 billion.
Saylor believes that Bitcoin represents the digital transformation of capital. He has been preaching "digital gold" as the superior investment and has traveled the world to promote this idea. MicroStrategy's Bitcoin holdings have been a key part of this strategy, with the company spending $155.4 million on more coins in February 2024.
