Michael Saylor Emerges as Crypto Titan with New Billionaire Status
Michael Saylor, the founder and chairman of Strategy (formerly MicroStrategy), has joined the exclusive ranks of the Bloomberg Billionaires Index. His net worth now stands at an extraordinary $7.37 billion.
This milestone aligns with Strategy’s aggressive Bitcoin investment strategy. The company has amassed a massive 636,505 BTC, making it the largest corporate holder of the cryptocurrency. As Bitcoin prices climb towards $111,000, Saylor’s wealth has surged by $1 billion year-to-date.
The bulk of Saylor’s fortune—$6.72 billion—is linked to Strategy’s stock performance. He also holds $650 million in cash. This ties his personal wealth closely with the Bitcoin market movements.
As Strategy began purchasing Bitcoin in 2020, it has increased its holdings significantly.The latest major acquisition was on September 2nd, when thay bought another 4,048 BTC for about $449.25 million.
Saylor’s entry into the billion-dollar club places him alongside other crypto moguls like Coinbase CEO Brian Armstrong and Binance founder CZ. Though, unlike some peers, Saylor’s success comes from sticking with Bitcoin.
- Strategy is currently facing legal battles over its Bitcoin strategy transparency.
- The company was not added to the S&P 500 in August due to its unconventional approach.
Despite challenges, Saylor’s bold moves have cemented his place in the world of cryptocurrency.
