Michael Saylor’s Net Worth Surge
Michael Saylor, co-founder and executive chairman of Strategy, has experienced a remarkable $1 billion increase in his net worth this year, marking his entry into the Bloomberg Billionaire 500 Index.
Currently, Saylor sits at the 491st position on this index, with an estimated net worth of $7.37 billion, reflecting a 15.80% rise since January 1. Additionally, during this time, the stakes in his company, Strategy (MSTR), have appreciated by almost 12% according to Google Finance.
The index reveals that around $650 million of Saylor’s assets are in cash, while the substantial remainder—approximately $6.72 billion—comes from equity in Strategy.
Saylor Among Crypto Billionaires
Saylor is now part of a group of notable crypto billionaires on Bloomberg’s list. Among them is Coinbase CEO Brian Armstrong, who ranks 234th with a net worth of $12.8 billion, and Binance founder Changpeng “CZ” Zhao, who lands at the 40th spot with $44.5 billion.
It’s worth noting that former FTX CEO Sam Bankman-Fried was also included on this list prior to the collapse of his exchange in November 2022.
Strategy is particularly recognized for its assertive Bitcoin (BTC) accumulation strategies. Presently, the company holds approximately 659,739 BTC, valued at around $72.9 billion, which constitutes about 3.42% of Bitcoin’s total distribution supply.
While Strategy believes its significant Bitcoin purchases won’t disturb market stability, Shirish Jajodia, the corporate accountant and head of investor relations at Strategy, emphasized, “The way to buy Bitcoin is to not move the price of Bitcoin.”
Recent Stock Performance
On Friday, Strategy’s stock closed 2.53% higher, yet it has fallen by 12.4% over the last 30 days.
Disappointingly, the company was removed from the S&P 500 in August, a move that some market watchers had hoped to avoid, considering its role in Bitcoin accumulation.
Moreover, Cointelegraph recently noted that while the company could be included in the Nasdaq 100, meeting all requirements does not guarantee approval, as a committee must evaluate its overall standing before adding it to the list.
