<p>Michael Saylor, CEO of Nasdaq-listed business intelligence company MicroStrategy, claims to personally hold 17,732 bitcoin, currently worth more than $235 million.<br /> <br /> <a href="https://twitter.com/michael_saylor/status/1321422012380753921">Tweeting the update on Wednesday</a>, Saylor said he bought the bitcoin at an average price of $9,882 each, i.e., at the total cost of about $175 million. Given the current prices of bitcoin, Saylor is in a notional profit of around $60 million.<br /> <br /> Saylor said MicroStrategy has been aware of his bitcoin holdings since before the company decided to buy bitcoin for itself.<br /> <br /> In August, MicroStrategy <a href="https://www.theblockcrypto.com/linked/74534/microstrategy-becomes-first-listed-company-to-buy-bitcoin">became the first publicly-traded company to buy bitcoin</a> on its balance sheet. The company has so far purchased a total of 38,250 bitcoin, currently worth more than $505 million.<br /> <br /> MicroStrategy's bitcoin bet has, in part, led the company to record <a href="https://www.theblockcrypto.com/post/82519/microstrategys-bitcoin-bet-is-creating-a-buzz-that-could-help-the-business">one of its strongest quarters</a> in recent years. In Q3, the company posted its highest total revenue since 2016, and its profit reached $19.8 million, increasing from last year's reported $11.6 million.<br /> <br /> Saylor <a href="https://www.theblockcrypto.com/daily/78646/microstrategy-ceo-interview-bitcoin-gold-dollar">recently told The Block in an interview</a> that bitcoin is the "best money ever created" as it is not deflationary by design.</p>