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Michael Saylor in 2013: ''Bitcoin days are numbered. It will suffer the same fate as online gambling.'' And now 9.5 years later, Saylor's company MicroStrategy is largest institutional BTC holder with 140,000 Bitcoins

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by COINS NEWS 117 Views

Pretty amazing how some of the most anti-Bitcoin sceptics back in the day became some of the biggest proponents of it few years later.

Here is his tweet from 9 years ago: https://twitter.com/saylor/status/413478389329428480

Bitcoin days are numbered. It seems like just a matter of time before it suffers the same fate as online gambling.

And now just 10 years later his company Microstrategy owns 140 thousand Bitcoins worth around 4 billion USD which is by far the largest publicly disclosed Bitcoin amount owned by a company. The second one on the list has 100,000 less (Galaxy digital holdings). Since they started accumulating Bitcoins, Microstrategy's stock price is up around 100%, but still not as close as much up from its highs during 2021 bull-run.

https://www.theblock.co/data/crypto-markets/public-companies/microstrategy-bitcoin-holdings

This site has a chart of their complete purchase history. They started accumulating in August 2020 by buying $250m worth of Bitcoin and their average purchase price is actually 29,803 USD which means they're currently not in the green by just a little bit,, and they still keep DCA-ing, so only sky is the limit for the company during next potential bull-run.

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