TL;DR
- Michael Saylor co-founded MicroStrategy; his net worth is currently $1.4 billion.
- He has 3.1 million followers on X.
- Criticized for leading Microstrategy BTC investment (152,333 bitcoin) that lost 70% value in 2022.
| Category | Entrepreneur |
| Founder | MicroStrategy & Saylor Academy |
| Net Worth | $1.4 Billion |
| Followers | 3.1 Million |
| Bitcoin Holdings | 17,732 BTC |
| Date of Birth | February 4, 1965 (age 58 years) |
| Place of Birth | Lincoln, Nebraska, United States |
| Nationality | American |
Social Media
X: 3.1 Million (@Saylor)
LinkedIn: @Mjsaylor
Website: https://www.michael.com/
Who is Michael Saylor?
Born in 1965 in Nebraska to a military family, Micheal Saylor is an American entrepreneur, philanthropist, and Bitcoin Maximalist.
After studying aerospace engineering at MIT, he founded MicroStrategy in 1989, a leader in enterprise analytics, and pioneered technologies like ROLAP.
Saylor’s work extends to patents, home automation, and Alarm.com. In addition to that, he’s well-known as a Bitcoin maxi and has caught the spotlight in Web3 for his advocacy of institutional crypto adoption.
Michael Saylor’s achievements
Founding MicroStrategy
Michael Saylor is MicroStrategy’s co-founder and executive chairman, which provides business intelligence, mobile software, and cloud-based services.
The former rocket scientist started the company alongside his MIT fraternity mate, Sanju Bansal.
As the company’s CEO, he led the charge until 2022.
As of August 1, 2023, MicroStrategy holds 152,333 bitcoin. They acquired these for $4.6 billion USD, averaging approximately $29,672 USD for each bitcoin.
Influence on the Crypto Community
Saylor’s influence on the crypto community is evident because he’s the biggest public holder of Bitcoin, with 17,732 tokens (~$469 Million).
Saylor has been involved in various initiatives to support the Bitcoin ecosystem, such as forming the Bitcoin Mining Council with Elon Musk and other North American miners to promote energy usage transparency and sustainability.
Over the years, he has also participated in conferences like World 2022, Bitcoin 2021, and B World. In these events, his primary focus remained on Web3 ethics and crypto adoption by intuitions with other key figures like Elon Musk and Cathie Wood.
Michael Saylor’s Net Worth
In 2023, Michael Saylor’s network stood at $1.3 billion. This includes a blend of ~$469 million in BTC holding (17,732), with the rest from his MicroStrategy shares and other ventures.
Forbes ranked him fourth in the 11 Crypto Rich List of 2021.
With all this wealth, the entrepreneur is behind a philanthropic venture, Saylor Academy, a hub of free online education. It offers 1,000+ courses and 300 credentials across different fields.
In addition, he has donated to health causes, such as the Elton John AIDS Foundation, amfAR, and Not Alone. Saylor has also directed grants to select schools, including Fairborn City Schools in Ohio and Jill’s House in Virginia.
Controversies and Challenges
In August 2022, Saylor stepped down as the CEO of MicroStrategy following criticism of his decision to invest in Bitcoins, costing the company a $917 million loss.
The Bitcoin advocate was accused of insider trading by the Securities and Exchange Commission (SEC) in 2000 for allegedly inflating MicroStrategy’s revenue to surge its stock price. The charges were later settled, and Saylor paid $11 million in penalties.
The Rise or Fall?
Given this focus on educating people about the benefits of Bitcoin and blockchain, he will play a key role in the adoption of cryptocurrencies by institutional investors.
Saylor’s strongest impact could be in playing a key role in developing the Bitcoin ecosystem.
Besides that, he’s a prominent Bitcoin maxi, which means that Saylor believes it is the only currency the world needs. This, coupled with his criticism of Ethereum and Cardano about scalability issues, could result in more BTC investments.
Other influencers to Look for
Vitalik Buterin – Vitalik Buterin is the mastermind behind Ethereum, earning him the status of the most influential figure on Web3.
More details
Vitalik Buterin co-founded Ethereum, the second-largest cryptocurrency by market capitalization. Known for his thought leadership, he has 6.8 million online followers. Plus, Vitalik has managed to build a $600 million net worth, with $45 million in off-chain assets.
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Founder of Ethereum and Bitcoin Magazine.
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6,8 million followers across channels.
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Net worth of $600 million.
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Criticized for market manipulation.
Winklevoss Twins – Cameron and Tyler Winklevoss, the identical twin brothers, are behind Gemini, a renowned cryptocurrency exchange making waves in the US.
Changpeng Zhao – CZ, or Changpeng Zhao, is a Chinese developer credited with creating the world’s largest crypto exchange, Binance.
Michael Saylor has earned all his assets with his strategic crypto investments and significant MicroStrategy shares.
Michael Saylor holds 17,732 BTC tokens.
130,000 Bitcoin in total.
The creator of Bitcoin, Satoshi Nakamoto, is thought to be the largest Bitcoin holder. The Winklevoss twins, institutional investors like MicroStrategy, are a few other notable investors in the token.
Yes, Michael Saylor’s current network stands at $1.3 billion.
