Michael Saylor, CEO of MicroStrategy, announced that not only the company he heads, but he himself holds a significant portion of the assets at Bitcoin.
„Some people ask how much I own BTC,“ he wrote. – I personally own 17,732 BTCs, which I bought at an average of $9,882 per unit. I informed MicroStrategy about these assets before the company decided to buy a bitcoin for itself.
Thus, Saylor’s personal assets in crypt currency are equal to almost Bitcoin Revolution half of the company’s investment. MicroStrategy owns 38,250 bitcoins, for which it has spent $425 million. This means that the average purchase amount of 1 BTC for it was $11,111.
MicroStrategy announced on Tuesday that it was ready to increase its investment in bitcoins, noting the positive impact of this investment on its business.
„We see significant and unexpected benefits from our investment in bitcoin when assessing the company’s profile in the wider market. This has a positive impact on our overall reputation and enhances awareness of us among potential customers,“ said her President Fong Li.
Saylor also noted that PayPal’s recent announcement of its intention to add Bitcoin support is helping the cryptographic software „to become fully compliant“.
„Supporting Square in developing and promoting Bitcoin and adding Bitcoin to its balance sheets is important. Now that PayPal has announced that they are also going to add it to their application, I think it’s becoming full. When PayPal adds it to Venmo next year, I think it’s a big plus,“ he said.