MicroStrategy: How Much Did Michael Saylor Profit From Bitcoin Bull Run?

Juhi Mirza
Source – CoinGape

The current crypto market bull run has proven particularly lucrative for MicroStrategy’s CEO, Michael Saylor. Saylor, who is the former CEO of MicroStrategy, owns a 12% stake in the company. 

MicroStrategy has always been a Bitcoin-centric company, boasting a portfolio of nearly 193,000 Bitcoins. Lauded for his Bitcoin investing prowess, Saylor’s accurate Bitcoin analysis has fetched him millions in the latest Bitcoin bull run. 

Also Read: MicroStrategy Bitcoin Investment Now at $4.65B Unrealized Profit

Michael Saylor Earned Millions In The Latest Crypto Bull Run

Source – TheStreet

According to CNBC, Microstrategy’s former CEO has netted approximately $700 million in profits. 

The profits have been accumulated through a three-day crypto market surge and a hike noted in MicroStrategy’s stock price. 

Microstrategy, being a heavily Bitcoin-centric firm, derives its stock value from its BTC reserves. As Bitcoin documented a 10% hike in its pricing, Saylor’s fortunes also shone through the crypto’s stellar price ascent. He had earlier disclosed his personal Bitcoin holdings, revealing a stash of nearly 17,732 bitcoins.

Saylor, who’s known in the media as a staunch BTC proponent, has always been vocal about Bitcoin supremacy. 

“I’m going to be buying the top forever. Bitcoin is the exit strategy. Bitcoin is technically superior to those asset classes. And that being the case, there’s just no reason to sell the winner to buy the losers.” He told Bloomberg TV in an interview

Also Read: MicroStrategy CEO Calls Bitcoin ‘Superior’ to Other Asset Classes

The Crypto Market Has Officially Entered A Bull Run.

The latest data from Santiment officially shared that the market has now entered into a bull run. 

“Bitcoin  has now climbed as high as $64.1K before a mid-sized retracement down to $59.8K approximately 4 hours later. Today’s high has now closed the gap to within 7.2% of BTC’s $68.7K.” Santiment tweeted. 

The analytics firm later shared how the crypto market remains steady without the correlation between the S&P 500 and the equities market, signaling the official bull run breakout. 

“Crypto markets continue to surge with essentially no correlation to the #SP500 and #equities markets. This is historically a strong validator that the cryptocurrency sector is in a confirmed bull market.”