Michael Saylor, co-founder, chairman and CEO of MicroStrategy ($MSTR), has added to the Bloomberg Billionaires Index for the first time, adding more than $737 million to his net worth this year.
According to the Bloomberg Billionaire Index, Chairman Saylor's net worth has increased by 15.8% since January 1st. He currently ranks 491st, with a net worth increase of approximately 1.2 trillion won. This increase is attributed to a combination of his Bitcoin (BTC) bet and the company's rising stock price.
The stock price of MicroStrategy, led by Saylor, rose by approximately 12% over the same period. MicroStrategy, a company that uses most of its own funds to purchase Bitcoin, is effectively considered a Bitcoin ETF alternative within the US stock market. Consequently, analysts say the company's stock price has reacted quickly to the recent Bitcoin price rally.
Saylor continues to make remarks extremely favorable toward Bitcoin, earning him the nickname "Bitcoin Pioneer" even among traditional market investors. Bloomberg reported that most of his wealth stems from his stake in MicroStrategy. In the past, Saylor has emphasized Bitcoin as a "better asset than gold," predicting that BTC will establish itself as a global reserve currency in the long term.
Within the crypto market, Saylor's rise to the top is being interpreted as a symbol of Bitcoin's growing institutional acceptance. The very fact that an executive from a publicly traded company holding Bitcoin has joined the ranks of billionaires is seen as evidence that the boundaries between cryptocurrency and traditional financial markets are blurring.
Get real-time news... Go to TokenPost Telegram
Copyright ยฉ TokenPost. Unauthorized reproduction and redistribution prohibited.
