Michael Seiler, CEO of MicroStrategy./MicroStrategy website
It was estimated that Michael Saylor, CEO of MicroStrategy, an American enterprise software company, earned about 1 trillion won in three days due to the surge in Bitcoin.
According to CNBC on the 28th of last month (local time), Chairman Saylor’s assets increased by about $700 million (approximately KRW 935.2 billion) over the past three days thanks to the rapid rise in Bitcoin.
Chairman Saylor is a representative believer in cryptocurrency (virtual currency) and is known to own the largest amount of Bitcoin. He founded MicroStrategy in 1989 and has been aggressively accumulating Bitcoin since 2020.
A post left by Michael Saylor, CEO of MicroStrategy, on Twitter (now X) in 2021. /Twitter
When Bitcoin plummeted in 2021, Chairman Saylor posted a photo of himself with a McDonald’s part-time worker’s hat on his face and wrote, “I’ll do anything to get more Bitcoin.” In 2022, he said, “Bitcoin Posts such as “hope,” “the world needs a currency that will not collapse,” and “look far ahead.”
Bitcoin’s surge also affected MicroStrategy’s stock price. This company is a listed company that holds the largest amount of Bitcoin in the world, and Chairman Saylor previously purchased Bitcoin using the company’s debt.
Accordingly, MicroStrategy’s stock price soared more than 10% for three consecutive days. This company surged 16% on the 26th, 10% on the 27th, and then 10% on the 28th. It continued to rise by around 10% from the 29th to the 1st, eventually rising by more than 50% in 5 days.
MicroStrategy announced last month that it invested a total of $155 million (about 200 billion won) to purchase an additional 3,000 bitcoins. Accordingly, the company holds approximately 193,000 bitcoins, amounting to $12 billion (approximately 16 trillion won).
Bitcoin hit $64,000 at one point on the 29th, but is maintaining the level of $62,000 as of the 2nd (Korean time).
2024-03-02 07:02:00
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