How did Michael Saylor Make $700 Million in a Week with Bitcoin?
The post How did Michael Saylor Make $700 Million in a Week with Bitcoin? appeared first on Coinpedia Fintech News
Investors may have driven MicroStrategy (MSTR) to unprecedented heights with nearing $1000 through their strategic decision to take Bitcoins in a big bet. However, the CEO Michael Saylor is the center of attention because his wealth surged unimaginably by a figure of $700 million JUST within a week.
MicroStrategy’s stock price moved ahead of that of BitcoinOver the past year, MicroStrategy’s equity has fluctuated and it follows that of Bitcoin, the king of cryptocurrencies. The accomplishment of Bitcoin of reaching 64000 USD was also matched by a 40% development of MicroStrategy’s shares during the meantime. In that time, the price of Bitcoin grew by almost 20% but was then outshined by MicroStrategy in trading sessions.
Analysts not only acknowledged, but also noted the strategic move of Microstrategy’s which shifts the excess cash into acquiring Bitcoins for the protection and enhancement of shareholders’ values.
MicroStrategy`s future is based on the visionary leader of the company, Mr. Michael Saylor. With an approximate 12% stake in the company and Bitcoin safekeeping valued at 4,128 coins, Saylor’s personal wealth has grown by a staggering $700 million in a matter of a week . His strategic thinking and consistent attitude towards Bitcoin were the reasons that boosted him to a higher level of riches.
Microstrategy riding strong in the Crypto waveMichael Saylor stands as a symbol of success and innovation as his company MicroStrategy continues to ride the wave of crypto euphoria. With its recent purchase of 3000 more bitcoins, its not any coincidence but a company’s strategic pivot towards Bitcoin. This has led to its stock price soaring high has also transformed Saylor into a crypto titan.
Crypto is a world where traditional boundaries are being redrawn and fortunes are made and lost in the blink of an eye. The crypto market remains volatile and as regulatory uncertainties loom, investors are advised to stay careful and vigilant.