Michael Saylor Celebrates 60th Birthday as Bitcoin Visionary
Early Career and the Dotcom Bubble
Michael Saylor, born in 1965 in Lincoln, Nebraska, graduated from MIT with a degree in aeronautics and astronautics. In 1989, he co-founded MicroStrategy, a business analytics software company, and became its CEO. During the late 1990s dotcom boom, MicroStrategy thrived, making Saylor a multi-billionaire. However, the bubble burst led to accounting issues and a significant loss of fortune, which he described as the darkest day of his life.
Turning to Bitcoin
In August 2020, Saylor shifted MicroStrategy's strategy, using cash reserves to buy Bitcoin. This move marked the beginning of a new era for the company. MicroStrategy continued to invest heavily in Bitcoin, funding purchases through senior convertible notes. The company now pays monthly yields to shareholders from its Bitcoin earnings, solidifying its commitment to the cryptocurrency.
Saylor's Current Holdings and Net Worth
As of now, MicroStrategy holds 471,107 Bitcoins, valued at approximately $46.98 billion. Saylor personally owns 17,732 Bitcoins, worth around $1.77 billion. His net worth, largely due to Bitcoin and MicroStrategy stock, is estimated at $8.8 billion, highlighting his successful pivot to cryptocurrency.
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