Michael Saylor’s Wealth Climbs $1 Billion with Bloomberg Billionaire Index Inclusion
Michael Saylor, co-founder and executive chairman of Strategy, has seen his net worth rise by $1 billion since the start of 2024, coinciding with his debut on the Bloomberg Billionaire 500 Index. As of now, Saylor is ranked 491st on the list, with an estimated net worth of $7.37 billion, reflecting a 15.8% increase year-to-date.
Strategy’s Stock Performance and Bitcoin Holdings
Shares of Strategy (ticker: MSTR) have gained nearly 12% since January, closing at $335.87 on the last trading day. According to the Bloomberg index, approximately $650 million of Saylor’s wealth is held in cash, while the remaining $6.72 billion is tied to Strategy’s equity.
Strategy is widely recognized for its aggressive Bitcoin accumulation strategy. The company currently holds approximately 659,739 Bitcoin, valued at around $72.9 billion at the time of publication, representing about 3.42% of Bitcoin’s circulating supply, according to StrategyTracker.
Joining Other Crypto Industry Billionaires
Saylor’s inclusion on the Bloomberg Billionaire 500 places him alongside notable crypto billionaires such as Coinbase CEO Brian Armstrong, ranked 234th with $12.8 billion, and Binance founder Changpeng “CZ” Zhao, ranked 40th with $44.5 billion. Former FTX CEO Sam Bankman-Fried was previously on the list before the collapse of his exchange in late 2022.
Market Impact and Recent Challenges
Despite recent gains, Strategy’s stock is down 12.4% over the past 30 days. The company’s exclusion from the S&P 500 in August was a setback for investors who anticipated its inclusion, especially since Strategy meets all the formal criteria and is already part of the Nasdaq 100. However, a committee responsible for S&P 500 additions may still reject the company after a holistic evaluation.
Strategy’s corporate treasurer and head of investor relations, Shirish Jajodia, has stated that the company’s Bitcoin purchases are conducted in a manner that does not influence Bitcoin’s market price.
FinOracleAI — Market View
Michael Saylor’s rising net worth and inclusion in the Bloomberg Billionaire Index may bolster investor confidence in Strategy’s long-term Bitcoin accumulation strategy. However, the recent 12.4% decline in Strategy’s stock over the past month and the company’s exclusion from the S&P 500 introduce near-term uncertainty. Market participants should monitor institutional acceptance and regulatory developments affecting Bitcoin exposure within equities, as these factors will influence Strategy’s stock performance going forward.
Impact: neutral
