Bitcoin Enthusiast Michael Saylor Nets $700 Million in Gains as Cryptocurrency and MicroStrategy Surge

Is bitcoin making a comeback?


Credit: Unsplash

Michael Saylor, a prominent figure in the world of cryptocurrency, has seen significant gains this week as the value of both bitcoin and MicroStrategy, a tech company known for its Bitcoin holdings, skyrocketed.
Saylor, who is the largest investor in MicroStrategy with a 12% stake and also has personal ownership of 17,732 bitcoins, has experienced a $700 million increase in his holdings. The surge has been particularly notable this week, with MicroStrategy shares soaring by 10% on Wednesday, marking a 40% rally over the past three days.

Read more