forbes valuation
Saylor, who founded Strategy, then known as MicroStrategy, in 1989, has an estimated net worth of $3.2 billion as of Friday. He emerged as a leading executive during the dot-com bubble, after which Saylor’s fortune shrank, but Strategy’s bitcoin investments made him a billionaire once again as he directed the firm to shift its corporate coffers into cryptocurrency.
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big number
843,775. That’s Strategy’s total bitcoin holdings, which the company at an aggregated market value of $63.8 billion, or about $75,476 per token, as of July 6.
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key background
Strategy’s bitcoin reserves far outweigh its cash holdings, which totaled $1.4 billion as of last month. The firm announced its first bitcoin sale in years in June, sparking a sell-off in the leading cryptocurrency to below $60,000, effectively cutting its value by more than 100% since hitting an all-time high above $126,000 in October. Saylor defended Strategy’s approach to bitcoin, claiming “volatility tests capital structure” and reaffirmed Strategy “remains focused on bitcoin, disciplined capital allocation, credit quality and long-term value creation.” JPMorgan analysts cautioned that Strategy should add to its cash reserves, however, arguing the move would “restore confidence and reduce investor concerns.”
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further reading
ForbesBillionaire Saylor ‘Focused On Bitcoin’ As Strategy Shares Plunge And Analysts Caution Against BuyingBy Ty Roush