Michael Saylor, who claims to have strong convictions in Bitcoin, is a billionaire in the cryptocurrency world. In 2020, he stated that he personally possessed 17,732 BTC. The chairman and co-founder of tech company MicroStrategy revealed on Twitter that he had purchased a significant amount of digital coins for $175.2 million, which is now worth over $1.1 billion. It is possible that he has sold some of his personal holdings. It is more probable that he has purchased additional Bitcoin, solidifying his reputation as a large investor. MicroStrategy added Bitcoin to its financial holdings in August 2020 in order to increase returns for shareholders and hedge against inflation. Ever since his company implemented its Bitcoin investment approach, Saylor has been advocating for “digital gold” as the ultimate investment while traveling globally. Saylor mentioned recently that he plans to consistently purchase at the peak. MicroStrategy, a company that specializes in selling data-analysis software, bought more coins amounting to $155.4 million a week later. Following this, the company has consistently been purchasing more of the asset and currently holds 193,000 BTC, valued at over $12 billion. Being recognized as one of the biggest institutional holders of Bitcoin, MicroStrategy’s stock (MSTR on the Nasdaq) has surged by over 600% since their initial purchase. Saylor has stated that investing in MSTR stock can provide investors with exposure to Bitcoin in a safe manner. He has also emphasized the importance of personally owning Bitcoin as a means of protecting one’s wealth. According to him, Bitcoin offers unique benefits such as the ability to transfer money across cities, states, and countries, which he considers extremely valuable and sometimes vital. He discussed these points on the Patrick Bet-David Podcast last year. It is uncertain how much Bitcoin Saylor currently holds. It is currently unclear. Recently, there has been no update on his personal Bitcoin holdings, and neither MicroStrategy’s press office nor Saylor responded promptly to Decrypt’s request for comment. The article was edited by Ryan Ozawa. Stay informed about cryptocurrency news by subscribing to daily updates via email.