Notable Bitcoin investor Michael Saylor built up assets of about $1.5 billion.
Michael Saylor, a well-known Bitcoin investor and co-chairman of MicroStrategy, has reportedly amassed a fortune of more than $1.5 billion from his Bitcoin holdings. Saylortracker, an online platform that keeps tabs on Saylor’s regular Bitcoin purchases, reports that since September 2020, the chairman of MicroStrategy has spent $5,325,000,000 to acquire 174,530 BTC.
As of this writing, his three-year average dollar cost of investing in Bitcoin, according to the tracker, is $30,512.81. Now that Bitcoin is valued at over $39,411 billion, Michael Saylor’s original investment of $5.325 billion has grown to almost $7 billion.
According to the tracker’s data, the pro-Bitcoin investor’s portfolio is now worth $6,900,641,579.28 as of the reporting time. This amounts to a record-breaking gain of 29.58%, or $1,575,241,579.28 in profit.
Buying 16,130 Bitcoin units for $593.3 million was the most audacious Bitcoin acquisition of the year, and it occurred just four days ago when Michael Saylor revealed the deal. An average of $36,785 was spent on each bitcoin. The astonishing return on this little four-day investment of $42,978,819.60 is rather remarkable.
Michael Saylor’s second Bitcoin buy for November 2023 was also the subject of the current transaction. His investment in 155 bitcoins, which he acquired on November 1 for $5.3 million, has now grown to $6.114 million. In all, the chairman of MicroStrategy amassed 16,285 in November.
During the height of the previous bull cycle, Saylor made his biggest bitcoin buy to date. More specifically, on February 24, 2021, at an average price of $52,765 per bitcoin, the renowned Bitcoin investor pledged $1.026 billion to purchase 19,452 bitcoin.
In contrast, September 14 and 17, 2020, were the dates of Michael Saylor’s most inexpensive Bitcoin buy. At $10,419.15 and $11,652.84, he first bought Bitcoin at those times, respectively.
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