Michael J. Saylor, Former Executive Chairman of MicroStrategy

Michael Saylor launched the publicly listed business intelligence company MicroStrategy (MSTR) in 1989, and he currently serves as its executive chairman. In addition, he is the creator of Alarm.com (ALRM), the author of “The Mobile Wave,” and listed as an inventor on more than 40 patents. Over a million students have received free education thanks to the non-profit Saylor Academy (saylor.org), which he created and is a trustee of. He is a supporter of hope.com, the Bitcoin Standard. He graduated from MIT with two degrees in science history and aerospace engineering.

“I regret the good ideas I pursued, because they were dilutive/distracting to the great ideas.”

2023

Michael Saylor owes his software company’s ability to compete with Apple, Microsoft, and other renowned seven stocks to the world’s largest cryptocurrency. MicroStrategy’s stock increased by 246% in 2023 and by 6% in November, when it was trading at around $492 per share.

Saylor said that his business started looking for a “high-growth digital monopoly” to invest in and determined that the most promising asset was bitcoin. “We realized bitcoin is like a high-tech dominant digital network growing at 40% or 50% a year, and so we bought it,” he explained. “It’s kept growing at 40% to 50% a year, and now we’re using our balance sheet to grow the company.”

Latest news about Michael J. Saylor

• MicroStrategy’s pre-market shares rose by over 8% due to its significant Bitcoin holdings, with the company amassing 158,245 Bitcoin at an average cost of $29,582 per coin. Michael Saylor, co-founder, has been aggressively purchasing Bitcoin, resulting in a 160% increase in shares and 85% increase in Bitcoin’s value. The company’s stock has seen a symbiotic relationship with Bitcoin, with CEO Stephane Ouellette highlighting the potential for increased stock performance.
• MicroStrategy, along with its subsidiaries, expanded its Bitcoin holdings by purchasing 5,445 BTC, totaling around $147.3 million. This acquisition, which was executed at an average cost of $27,053 per Bitcoin, brings MicroStrategy’s total Bitcoin holdings to 158,245 BTC. The company also announced the sale of 403,362 shares of its Class A common stock, generating net proceeds of around $147.3 million. The sale provided substantial liquidity and financial flexibility to the company.

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