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We will “vigorously pursue” further BTC purchases.

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MicroStrategy CEO Michael Saylor has announced to his company’s shareholders that his company intends to “strongly pursue” its reserve asset strategy of buying and holding more Bitcoin.

Saylor’s public company is the world’s largest single-wallet holder of Bitcoin (BTC) with 129,218 BTC, according to wallet tracker Bitcoin Treasuries. These coins are currently valued at approximately $5.1 billion. MicroStrategy bought 4,197 more coins on April 5th.

For comparison, Tesla, MicroStrategy’s runner-up in the hodling race, owns 43,200 BTC worth about $1.7 billion.

At MicroStrategy 2022 Power of Attorney Filed with the SEC on April 14, Saylor praised his company’s continued success in adding BTC to its treasury early and creating value for customers and shareholders. MicroStrategy only paid about $3.9 billion for the BTC in its treasury, for a paper profit margin of $1.2 billion. Saylor wrote in the letter:

“Our parallel strategy of acquiring and holding Bitcoin has been a tremendous success.”

The letter also states that Microstrategy’s BTC holdings are well in the green but have made it difficult for company executives to obtain liability insurance. As a result, Saylor bought the insurance out of his own pocket.

Saylor’s 68.1% stake in MicroStrategy means he can pretty much do whatever he wants with the company, which also explains why more companies haven’t followed his example. He has been one of Bitcoin’s most vocal supporters as of 2020, using his position to reach a global audience.

On March 29, Saylor’s software firm’s MacroStrategy subsidiary announced that it would use $205 million received in a Bitcoin-backed loan from Silvergate Bank to buy more BTC. Saylor said in an announcement that the loan marks the first time his company has used its BTC holdings as “productive collateral.”

Despite global headwinds from war, inflation, and rate hikes, MicoStrategy and Do Kwon’s Terra (LUNA) have helped maintain some confidence in prices by buying tens of millions of dollars worth of Bitcoin at once. Terra’s holdings are now just 800 coins behind Elon Musk’s Tesla, which holds the second most BTC among publicly traded companies.

Related: Bitcoin pops up on Wall Street, DOGE price jumps on Elon Musk’s Twitter bid

Bitcoin is down 2.65% in the past 24 hours to trade at $40,109, according to Cointelegraph data.