MicroStrategy CEO Michael Saylor says 'entities' he controls possess 111,000 Bitcoin
May 19, 2021, 10:24AM EDT
1 min read
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%.
For more breaking stories like this, make sure to subscribe to The Block on Telegram.