Michael Saylor, cofounder and former CEO of MicroStrategy, celebrates his 60th birthday, having dedicated the last few years to a new Bitcoin-focused strategy.
Early career and dotcom bubble crash
Michael Saylor was born in 1965 in Lincoln, Nebraska. He graduated from MIT with a focus on aeronautics and astronautics. In 1989, Saylor cofounded MicroStrategy and became its CEO. Initially, MicroStrategy produced business analytics software, and during the dotcom bubble, Saylor became a multi-billionaire due to his large MSTR stake. However, the bubble burst at the start of the 2000s resulted in a financial restatement for the company, drastically reducing his fortune. Saylor described it as the darkest day of his life.
Turning billionaire thanks to Bitcoin
In August 2020, Saylor decided to use MicroStrategy’s cash reserves to start buying Bitcoin, gradually placing it on the company's balance sheet. These purchases continued regularly. MicroStrategy funded these purchases through debt offerings to corporate investors. Currently, the company holds 471,107 Bitcoins worth approximately $46,982,964,048.
Saylor's current position and MicroStrategy
By 2025, Michael Saylor has a personal net worth of $8.8 billion, attributed to his Bitcoin investments and MicroStrategy stock. He personally holds 17,732 Bitcoins valued at $1,766,553,159.
Michael Saylor's journey is a testament to overcoming setbacks and becoming a leading figure in the cryptocurrency world. His strategic decisions have brought significant changes to his life and the financial industry.
