
Bitcoin Strategy Drives Wealth SurgeMichael Saylor, the man who famously bet his company’s future on Bitcoin, is now officially a multi-billionaire. The MicroStrategy executive chairman has joined the ranks of the world’s wealthiest, with Bloomberg estimating his fortune at $7.37 billion and Forbes putting the figure even higher at $8.8 billion. This milestone marks a remarkable financial comeback, all powered by a single, bold strategy: turning his software company into the biggest corporate holder of Bitcoin on the planet.
A Fortune Built on Bitcoin
So, how did he get so rich? It all comes down to Bitcoin—a staggering amount of it. MicroStrategy now holds an incredible 636,505 Bitcoin, a treasury worth over $70 billion. Saylor’s personal wealth is directly tied to his nearly 8% stake in the company that holds all that crypto. He has effectively transformed his company into a proxy for investing in Bitcoin, and the market has rewarded him handsomely for it.
Interestingly, Bloomberg’s official number might even be on the low side, as it doesn’t include Saylor’s personally held 17,732 Bitcoin because its ownership can’t be continuously verified. Most of his liquid cash has come from cashing in on the company’s soaring stock price, including selling over $410 million worth of shares in 2024 alone.
S&P 500 Snub Can’t Stop the Momentum
But it hasn’t all been smooth sailing. Just as he celebrated his new billionaire status, MicroStrategy was snubbed by the prestigious S&P 500 index. Saylor’s response was defiant. He took to social media to point out that MicroStrategy has delivered an incredible 92% annualized return for investors, wildly outperforming both the S&P 500’s 14% and even Bitcoin’s own 55% growth.
His confidence is backed by the market. MicroStrategy’s stock has skyrocketed nearly 700% over the past year, moving almost perfectly in sync with the price of Bitcoin. While its shares took a small 3% hit after the S&P news, the company immediately reaffirmed its commitment to its crypto acquisition strategy, signaling it has no plans to change course.
In a surprising twist, the S&P 500 chose the trading app Robinhood for the coveted spot instead, immediately boosting its stock by 7%. The decision means that millions of everyday investors who use passive index funds were denied an easy way to get exposure to the world’s largest corporate Bitcoin holder.
Despite the S&P rejection, MicroStrategy is far from an outcast. The company remains a key component of the Nasdaq 100, where it has established itself as one of the index’s best-performing stocks.
Under the leadership of CEO Phong Le and Saylor’s unwavering strategic vision, the company’s mission remains simple: buy more Bitcoin. Proving their commitment, they recently added another 4,048 Bitcoin to their treasury for $449.3 million, showing the strategy is full-steam ahead.