
Michael Saylor’s Strategy Acquires 705 Bitcoin for $75 Million
Strategy has added another 705 Bitcoin to its holdings at $75 million, with its total BTC holdings now pegged at 580,955.
MicroStrategy Chairman.
Michael J. Saylor is an American entrepreneur and business executive, who co-founded and leads MicroStrategy, a company which provides business intelligence, mobile software, and cloud-based services. Saylor authored the 2012 book The Mobile Wave: How Mobile Intelligence Will Change Everything. He is also the sole trustee of Saylor Academy, a provider of free online education. As of 2016, Saylor has been granted 31 patents and has 9 additional applications under review.
As of August 8, 2022, Saylor has stepped down as Microstrategy’s CEO following the loss 917 million dollars in Bitcoin holdings. He was succeeded by Phong Le, president of Microstrategy prior to Saylor stepping down. Saylor led the company as CEO for 33 years.
MicroStartegy Incorporated
Feb 4th, 1965
American
McLean, Virginia, United States
Massachusetts Institute of Technology, S.B., Aeronautics & Astronautics, History of Science - 1983-1987
1614
$1.9 B
MicroStrategy Incorporated - Chairman, President
Saylor Academy - Founder
The Federal Group, Inc.
DuPont - Internal consultant
Strategy has added another 705 Bitcoin to its holdings at $75 million, with its total BTC holdings now pegged at 580,955.
Michael Saylor has called proof-of-reserves a risky move, arguing it may jeopardize security rather than ensure transparency.
Saylor has a history of encouraging extreme measures for Bitcoin investment, including mortgaging homes and maxing out credit cards.
Michael Saylor is pushing the SEC task force to establish a regulatory framework for crypto, including the creation of a strategic reserve.
12US state pension funds collectively hold over $330 million in Michael Saylor’s Strategy stock (MSTR), with California, Florida, and Wisconsin leading the investments.