Who is Michael Saylor?

Michael J. Saylor, an American entrepreneur and businessman, is the founder of MicroStrategy, a provider of business intelligence, mobile software and cloud-based services.

MicroStrategy has been buying Bitcoin every two or three months since 2020 and is trying to increase the number of BTC it holds. Using funds from DuPont, Saylor founded MicroStrategy with Sanju Bansal. The company started developing software for data mining and business intelligence. By early 2000, Saylor's net worth reached $7 billion, making him the richest man in Washington in the early 2000s.

Michael Saylor and Bitcoin

At a conference in July 2020, Saylor announced that instead of holding cash in the MicroStrategy vault, he wanted to invest in Bitcoin, gold or other alternative assets. In August 2020, MicroStrategy spent $250 million from its vault to buy 21,454 Bitcoin. https://twitter.com/saylor/status/1307029562321231873 MicroStrategy continued to buy BTC every two or three months. In September 2020, the company bought another $175 million worth of Bitcoin. Saylor didn't stop there, however, and bought another $50 million worth of BTC in December 2020. https://twitter.com/DocumentingBTC/status/1566492749783777283 On December 11, 2020, MicroStrategy borrowed to increase the amount of Bitcoin it held and began selling $650 million of its convertible senior notes. On December 21, 2020, MicroStrategy announced that it held approximately 70,000 BTC at an average price of $15,964 per Bitcoin. On February 24, 2021, it announced that it held approximately 90,000 BTC in its wallet for $2.171 billion at an average price of $23.985 per Bitcoin. For nearly 2 years, MicroStrategy continued to buy Bitcoin. With its recent purchases, Microstrategy announced that it has a total of 129,218 Bitcoins in its wallet. Michael Saylor still favors bitcoin to this day. You can see from his tweets that he believes that bitcoin will rise again from its bottom and rise to new heights. Follow Global Economic Developments on Social Media! Click here to follow Ieconomy official Facebook account! Click here to follow Ieconomy official Instagram account! Click here to follow Ieconomy official Twitter account!