
Jakarta, Pintu News â Michael Saylor, founder and executive chairman of Strategy, recently made it onto the Bloomberg Billionaires Index. This marks the first time Saylor has been listed as one of the richest people in the world based on the index, which is updated daily by Bloomberg.
Michael Saylor is currently ranked 491st on the Bloomberg Billionaires Index with an estimated net worth of $7.37 billion. The latest increase in his net worth was $167 million. This represents a significant growth in his assets so far this year.
Saylor joins the ranks of other crypto luminaries such as Coinbase CEO, Brian Armstrong who is ranked 234th with a fortune of $12.8 billion, and Binance founder, Changpeng âCZâ Zhao who is ranked 40th with a fortune of $44.5 billion. Both of these figures are also part of the same industry as Saylor, namely crypto and blockchain.
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In August 2020, Strategy, formerly known as MicroStrategy, began a massive investment in Bitcoin . Since the end of 2022, the companyâs value has increased almost 26 times. This success is attributed to its aggressive, crypto-focused investment strategy.
In this year alone, Strategy has raised more than $19 billion. The company conducted four preferred stock offerings that raised around $6 billion. One of the offerings known as âStretchâ raised $2.5 billion, making it one of the largest crypto fundraisers of the year, surpassing Circleâs IPO which also received a lot of attention.
Strategy has now emerged as a potential candidate for entry into the S&P 500 index, an achievement that would have been considered impossible just one year ago. In the last quarter, the company recorded an unrealized profit of $14 billion, meeting the profit criteria required for index eligibility, at least in theory.
However, despite meeting the criteria, Strategy has yet to be added to the S&P 500, much to the surprise of many in the crypto community. Currently, Strategy has 636,505 BTC purchased for a total price of nearly $46.95 billion, with a price per Bitcoin (BTC) of $73,765.
The story of Michael Saylor and Strategy shows the huge potential of investing in blockchain and crypto technology. Their success not only changes the outlook of the industry but also proves that bold and well-planned investments can bring great results. Going forward, it will be interesting to see how Strategy will continue to evolve and adapt in this dynamic market.
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