Reported about 13 hours ago
Michael Saylor is on track to realize a staggering $14 billion gain in Q2, positioning his company, formerly MicroStrategy, among major corporations like Amazon and JPMorgan. This remarkable profit surge is primarily driven by a rebound in Bitcoin prices and a new accounting policy valuing their Bitcoin holdings at market prices. Despite facing skepticism from critics, Saylor's strategy of leveraging Bitcoin has led to a remarkable 3,300% increase in his company's stock since 2020, significantly outperforming traditional investments like the S&P 500.
Source: YAHOO