Bitcoin bull Michael Saylor nets $700 million in gains on 3-day pop in crypto and MicroStrategy
Publishing timestamp: 2024-02-28 18:08:51
Summary
MicroStrategy Chairman Michael Saylor's holdings have increased by $700 million in just three days due to a pop in his company's stock and the price of bitcoin. Saylor's strategy of investing in bitcoin has been lucrative, with MicroStrategy's value largely tied to its bitcoin holdings. The company has acquired additional bitcoins and now owns close to $12 billion worth of the cryptocurrency. Saylor, a strong advocate for bitcoin, has seen MicroStrategy's market cap increase significantly since announcing its investment in bitcoin in mid-2020.
Sentiment: POSITIVE
Keywords: bitcoin/usd coin metrics, energy, microstrategy inc, fintech, business news, cryptocurrency, technology, coinbase global inc, bitcoin,