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

Bitcoin • May 19, 2021, 10:24AM EDT
UPDATED: May 19, 2021, 10:50AM EDT
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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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Tim Copeland profile picture Tim Copeland

Tim Copeland is the Head of Growth at The Block and host of The Crypto Beat, a live-streaming podcast. He was previously the company's Editor-in-Chief and spent seven years covering the industry as a journalist. Prior to joining The Block, Tim was a news editor at Decrypt. He earned a bachelor's degree in philosophy from the University of York and studied news journalism at Press Association Training. Follow him on X @Timccopeland.

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