MicroStrategy CEO Michael Saylor says ‘entities’ he controls possess 111,000 Bitcoin

May 19, 2021 | The Block News | 0 comments

microstrategy-ceo-michael-saylor-says-‘entities’-he-controls-possess-111,000-bitcoin

MicroStrategy CEO Michael Saylor claims that entities he controls have now acquired 111,000 bitcoin.

In a post on Twitter Wednesday, Saylor did not specify which entities or the distribution between them.

“Entities I control have now acquired 111,000 #BTC and have not sold a single satoshi,” he tweeted.

This total amount presumably includes MicroStrategy’s 92,079 BTC —which it topped up yesterday — and may include Saylor’s personal stash of bitcoin, which, unlike with MicroStrategy, he doesn’t reveal through SEC filings.

The last time he revealed how much he personally owns was on October 28, 2020, when he said he possessed 17,732 bitcoin. Combined, this comes to a total of 109,811 bitcoin, suggesting he may have bought some more himself.

Saylor’s tweet comes during a period of significant market volatility. The price of bitcoin has dropped to $35,700 today, down 18%. Similarly, the price of ether has fallen to $2,500, down 26%. 

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© 2021 The Block Crypto, Inc. All Rights Reserved. This article is provided for informational purposes only. It is not offered or intended to be used as legal, tax, investment, financial, or other advice.

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