MicroStrategy CEO Michael Saylor’s Bitcoin Stash surpasses 17,000 cryptocurrencies worth about $ 860 million: report


In recent years, Micheal Saylor, the CEO of MicroStrategy, a US-based business intelligence firm, has established his reputation as a Bitcoin bull, without actually disclosing details of his own assets. The 56-year-old businessman is said to have at least 17,732 Bitcoin tokens, currently worth about $ 860 million (approximately Rs 6,468 crore). This information was recently published in a new newsletter published by The Information. According to the newsletter, Sailor revealed his personal bitcoin stash details during an interview in November.

Saylor’s company MicroStrategy has been buying Bitcoins since 2019 and currently holds a treasury of 122,478 tokens worth $ 6 billion (approximately Rs. 45,112 crore).

In the coming years, entrepreneurs predict that the token of the world’s oldest cryptocurrency will be worth $ 6 million (approximately Rs. 45 crore).

First cut in 2009, according to CoinMarketCap, Bitcoin has a current value of $ 48,504 (approximately Rs. 36 lakhs). Last month, it rose to an all-time high of $ 69,000 (approximately Rs 52 lakh) per token.

If Saylor’s rating were actually completed, Bitcoin would have recorded a rise of more than 12,000 percent from its current level.

In November, the MicroStrategy CEO re-established his support for the world’s most valuable cryptocurrency, Bitcoin, bypassing the popular memory-based dog coins Dogecoin and Shiba Inu.

In June, when billionaire businessman and Dogecoin-supporter Elon Musk mocked Bitcoin maximalists with a lightbulb joke, Saylor responded that he could answer his questions “in 10 minutes”.

Interested in cryptocurrency? We discuss all things crypto with WazirX CEO Nishal Shetty and Weekend Investing Founder Alok Jain at Orbital, the Gadgets 360 podcast. Orbital makes Apple Podcasts, Google Podcasts, Spotify, Amazon Music and your podcasts available everywhere.
Link links can be created automatically see our protocol report for details.


Leave a Comment