When Bitcoin was trading at around $19,000 in December 2017, software entrepreneur and CEO of MicroStrategy Michael Saylor invested $650 million of his company’s funds into the cryptocurrency.
At the time, it was a controversial move – with some praising Saylor for his forward-thinking investment, and others criticising him for taking such a risk with shareholder money.
Now, with Bitcoin prices fluctuating wildly around the $40,000 mark, it’s time to ask: how much has Michael Saylor lost on Bitcoin?
NOTE: WARNING: Investing in Bitcoin is a risky endeavor and should not be undertaken without carefully considering all of the risks associated with it. There is no guarantee of success or profit, and significant losses can occur. Before investing in Bitcoin, it is important to understand the full scope of the risks involved, including market volatility, liquidity risk, illiquidity risk, technological risk, hacking risk, and regulatory environment risk. If you are considering investing in Michael Saylor’s Bitcoin portfolio, be sure to research thoroughly and consult a financial professional before making any decisions.
The simple answer is: we don’t know.
Saylor has never disclosed how much of MicroStrategy’s Bitcoin holdings have been sold off, or at what price. Given that the company bought in at an average price of $11,111 per coin, it’s safe to say that they’ve made a healthy profit – but exactly how much is impossible to say.
What we do know is that Saylor remains a firm believer in Bitcoin, and has no plans to sell his company’s holdings any time soon. In fact, he recently stated that he believes Bitcoin will eventually replace gold as the world’s store of value.
Only time will tell whether Saylor’s gamble will pay off in the long run – but for now, it looks like he’s sitting on a pretty healthy profit.
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