Who Is Michael Saylor? Net Worth, Bitcoin Holdings And Crypto Portfolio

Michael Saylor is an American entrepreneur and businessman who is best known as the founder, chairman, and CEO of MicroStrategy, a business intelligence and analytics software company.

Saylor was born on February 4, 1965, in Lincoln, Nebraska, and grew up in Dayton, Ohio. He graduated from the Massachusetts Institute of Technology (MIT) in 1987 with a degree in Aeronautics and Astronautics.

After graduating from MIT, Saylor worked for several technology companies before founding MicroStrategy in 1989 at the age of 24. Since then, he has led the company to become one of the world’s largest independent publicly-traded business intelligence companies. Saylor is widely recognized as a pioneer in the field of data analytics, and his company’s software is used by some of the world’s largest organizations to make data-driven decisions.

In addition to his work with MicroStrategy, Saylor has also been an active investor and has founded or co-founded several other technology companies. He is a member of the Board of Trustees of the Santa Fe Institute, a scientific research institute in Santa Fe, New Mexico.

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Michael Saylor’s Net Worth

As of February 2023, Michael J. Saylor’s net worth is estimated to be around $7.5 billion USD, according to Forbes. Saylor’s wealth comes primarily from his holdings in MicroStrategy, in which he owns approximately 11% of the outstanding shares.

Saylor received the KPMG Washington High-Tech Entrepreneur of the Year award in 1996. Saylor was named the Software Entrepreneur of the Year by Ernst & Young in 1997, and Red Herring Magazine named him one of the Top 10 Entrepreneurs of 1998 the following year. Moreover, Saylor was recognized in 1999 as an “Innovator Under 35” by the MIT Technology Review. Saylor left his position as CEO and continued to serve as executive chairman of MicroStrategy on August 8, 2022.

Saylor and the Bitcoin affair

In recent years, Saylor has become an outspoken advocate for Bitcoin and other cryptocurrencies. In August 2020, his company MicroStrategy made headlines when it announced that it had invested $250 million in Bitcoin as a reserve asset. Since then, Saylor has continued to make large investments in Bitcoin and has become a prominent figure in the cryptocurrency industry. He has also spoken publicly about the potential benefits of Bitcoin as a hedge against inflation and a store of value.

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MicroStrategy said in August that it has purchased $250 million worth of Bitcoin for its treasury reserves. Soon later, the business invested an additional $175 million in Bitcoin for a total stack of around $425 million. Saylor disclosed in later comments that he had also bought himself millions of dollars worth of Bitcoin.

Bitcoin supporters will no doubt recall Saylor’s early criticism of the currency: In 2013, he tweeted that Bitcoin’s days were numbered and that it will eventually go the way of online gambling. He underwent a significant change of heart, and as a result, by December 2021, Microstrategy had amassed an astounding 121,044 Bitcoin valued at more than $4 billion, which he is keen to hold forever. He also bought Bitcoin for his personal wallet worth millions of dollars.

MicroStrategy’s involvement in Bitcoin

He made a splash at the beginning of 2020 by launching the Bitcoin Academy page on the MicroStrategy website under the banner “Bitcoin is Hope” and spreading awareness of the cryptocurrency at conferences and educational institutions across the country.

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Saylor convened a meeting with a few significant Bitcoin mining pools in North America in May to talk about the future of mining in regard to energy use. The Bitcoin community opposed the gathering, arguing that influential businesses shouldn’t meddle with the Bitcoin system.

The council stated that it would have no decision-making authority but changed its goals on transparency, environmentally friendly mining, and Bitcoin education in response to criticism. Saylor has also been instrumental in getting Elon Musk to use Bitcoin as a treasury reserve instead of cash or gold for Tesla and SpaceX. When Tesla announced its purchase of $1.5 billion in Bitcoin and the adoption of the cryptocurrency as a payment mechanism in March, the price of Bitcoin hit its first record high of the year.

Saylor is known for his passion for technology and innovation. He has authored several books, including “The Mobile Wave: How Mobile Intelligence Will Change Everything” and “The Hyperconnected World: Anything, Anywhere, Anytime”. He has also been a frequent speaker at technology conferences and events.

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Personal life of Michael Saylor

In terms of personal life, Saylor is married and has two children. He is an active philanthropist who has donated millions of dollars to various charitable causes over the years. In 2017, he donated $2 million to support research on the use of the psychedelic drug MDMA for treating post-traumatic stress disorder (PTSD). He is also a supporter of environmental causes and has donated to organizations that work to protect the oceans and combat climate change.

In conclusion, Michael Saylor is a highly successful entrepreneur and businessman who has made significant contributions to the field of data analytics and technology. He has become a prominent figure in the cryptocurrency industry and is known for his advocacy of Bitcoin and other cryptocurrencies. Saylor is also an active philanthropist who has donated millions of dollars to various charitable causes over the years.