Michael Saylor's Bitcoin Bet: Millions Invested

Michael Saylor, the chairman and co-founder of MicroStrategy, has been investing in Bitcoin since 2020. Saylor is a vocal advocate for the cryptocurrency, and his company has been steadily accumulating Bitcoin, with the aim of becoming the world's first Bitcoin development company. As of March 2024, MicroStrategy holds over 205,000 Bitcoins, worth billions of dollars, and Saylor himself holds at least 17,732 Bitcoins, which may now be worth over $1 billion.

Michael Saylor's personal Bitcoin stash

Michael Saylor, the chairman and co-founder of MicroStrategy, started buying Bitcoin in 2020 as an inflation hedge and alternative to holding cash.

In 2020, Saylor claimed to personally own 17,732 BTC, an amount he purchased for $175.2 million. As of March 2024, that investment would be worth over $1.1 billion.

Saylor has not shared an update on his personal Bitcoin stash recently, so the exact amount he currently holds is unclear. However, as of March 10, 2024, MicroStrategy held 205,000 Bitcoins, with the company's total cache valued at more than $14 billion.

Saylor is MicroStrategy's biggest investor, owning about 12% of the company. He is a strong advocate for Bitcoin, co-authoring a book about the cryptocurrency in 2023 titled "What is Money?". He has argued that investors can buy MSTR stock as a safe way to get exposure to Bitcoin and has stated that personally owning Bitcoin is the best way to protect one's wealth.

In an interview on Bloomberg TV, Saylor said there is "no reason to sell the winner" when asked about when the company would likely sell its Bitcoin holdings. MicroStrategy's Bitcoin holdings have seen huge gains, with the company stating that it does not plan to sell its Bitcoin holdings anytime soon.

MicroStrategy's Bitcoin investment strategy

MicroStrategy, a software and AI company, has been acquiring Bitcoin since 2020 as part of its strategy to rebrand itself as "the world's first Bitcoin development company". Led by chairman and co-founder Michael Saylor, the company has acquired 193,000 Bitcoins, making it the largest institutional holder of BTC globally.

Saylor, a Bitcoin bull, has been a vocal advocate for the cryptocurrency, co-authoring a book about it in 2023. He has also been a significant investor in MicroStrategy, owning about 12% of the company and holding more than 2.4 million shares. In 2020, he personally disclosed ownership of 17,732 Bitcoins, worth $175.2 million at the time, which would be worth over $1 billion as of March 2024.

The company's strategy has been to use the proceeds from the sale of convertible notes to fund its Bitcoin purchases. In February 2024, MicroStrategy purchased 3,000 Bitcoins for $155.4 million, and in November 2023, it bought 16,130 Bitcoins for $593.3 million. The company's Chief Financial Officer, Andrew Kang, affirmed their commitment to their Bitcoin acquisition strategy.

Saylor has argued that investors can buy MSTR stock as a safe way to gain exposure to Bitcoin. He has also maintained that Bitcoin is the best way to protect one's wealth, citing its portability and ease of transfer across borders. As of March 2024, Saylor did not indicate any plans to sell his Bitcoin holdings, stating that "Bitcoin is the exit strategy".

Saylor's net worth

Michael Saylor's net worth has increased significantly since he began investing in Bitcoin in 2020. As the chairman and co-founder of MicroStrategy, Saylor has led the company's efforts to acquire Bitcoin, making them the largest institutional holder of BTC in the world.

In 2020, Saylor personally owned 17,732 Bitcoins, which he purchased for $175.2 million. As of March 2024, that investment would be worth over $1.1 billion. However, it is unclear if Saylor has sold or bought more Bitcoins since then.

The value of Saylor's Bitcoin holdings, along with his MicroStrategy shares, has resulted in substantial gains. In February 2024, Saylor's Bitcoin holdings and MicroStrategy shares were valued at $2.96 billion, a $700 million increase in just three days due to a surge in Bitcoin's price and MicroStrategy's stock performance.

By March 2024, the value of Saylor's Bitcoin holdings and MicroStrategy shares further increased. His Bitcoin holdings alone were worth over $1.2 billion, and when combined with his MicroStrategy shares, his total holdings were valued at over $3.75 billion. This places him among the top 900 people in the world by net worth, even before considering his other assets.

Saylor's bullish stance on Bitcoin and his commitment to holding rather than selling has contributed to his growing net worth. As of March 2024, MicroStrategy held over 205,000 Bitcoins, reinforcing its position as the largest corporate holder of Bitcoin.

MicroStrategy's stock performance

MicroStrategy's Chairman, Michael Saylor, has been a strong advocate of Bitcoin, and the company has been acquiring Bitcoins since 2020, with the goal of rebranding itself as "the world's first Bitcoin development company". This strategy has paid off, making MicroStrategy one of the most prominent public companies in the crypto space.

As of February 2024, MicroStrategy and its subsidiaries held about 193,000 Bitcoins, worth close to $12 billion. This amount was acquired through multiple purchases, with the November 2023 purchase being particularly notable, where they bought around 16,130 BTC for approximately $608 million.

The company's stock value has shown a positive correlation with Bitcoin's market movements. For example, in February 2024, as Bitcoin rallied to its highest level since November 2021, MicroStrategy's stock rose 24%, surpassing $1,300 for the first time in 24 years. This three-day rally, from February 26 to 28, saw a 40% increase in the company's stock, bringing Saylor's personal gains to around $700 million.

The strong performance of MicroStrategy's stock in relation to Bitcoin can be attributed to the company's significant holdings of the cryptocurrency and its commitment to investing in Bitcoin. As of February 2024, MicroStrategy's stock was up 52% for the year, following a remarkable 346% increase in 2023.

The company's focus on Bitcoin and its impact on stock performance is further highlighted by the "MSTR/BTC Price Ratio" chart, which illustrates the comparative value ratio between MicroStrategy's stock price and the price of Bitcoin. Additionally, the "BTC per Share" chart provides insight into the Bitcoin exposure per share of the company's stock.

Saylor's views on Bitcoin as an investment

Michael Saylor, the chairman and co-founder of MicroStrategy, started buying Bitcoin in 2020 as an inflation hedge and alternative to holding cash. As of March 2024, Saylor and MicroStrategy have acquired 193,000 Bitcoins, making them the largest institutional holder of BTC in the world. This investment has paid off tremendously, making MicroStrategy one of the most relevant public companies in the crypto space.

Saylor is a strong advocate of Bitcoin and has travelled the world preaching "digital gold" as a superior investment. He has argued that Bitcoin is the best way to protect one's wealth, providing individuals with the ability to move money across borders and between counterparties with ease. This ease of transfer is, according to Saylor, "extraordinarily valuable" and "life and death in many cases".

Saylor's bullish stance on Bitcoin is further evidenced by his personal holdings of the cryptocurrency. In 2020, he claimed to own 17,732 BTC, purchased for $175.2 million. As of March 2024, this investment would be worth over $1.1 billion. While it is unclear whether Saylor has sold a portion of his Bitcoin, it is likely that he has continued to accumulate, solidifying his status as a major Bitcoin investor.

MicroStrategy's commitment to Bitcoin is also demonstrated by their continued acquisitions. In February 2024, the company purchased 3,000 Bitcoins for $155.4 million, bringing their total holdings to 193,000 Bitcoins, worth approximately $12 billion. This substantial investment has resulted in MicroStrategy becoming a proxy for the world's biggest cryptocurrency.

Saylor's optimism about Bitcoin's future is underscored by his statement that "Bitcoin is the exit strategy". His unwavering belief in the cryptocurrency's potential has led to substantial gains for both his personal holdings and MicroStrategy's investments.

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