Strategy co-founder and executive chairman Michael Saylor has seen a $1 billion rise in net worth since the beginning of the year, coinciding with his debut on the Bloomberg Billionaire 500 Index.
Saylor ranks 491st in the Bloomberg Billionaire Index with an estimated net worth of $7.37 billion, an increase of 15.80% since January 1st. In the same period, according to Google Finance, his company strategy (MSTR) stakes were nearly 12%.
Strategy’s stock price ended at $335.87 on Friday trading day. sauce: Google Finance
According to the index, which tracks the 500 wealthiest people in the world based on net worth, Saylor’s approximately $650 million worth of assets is cash, with the remaining $6.72 billion being tied to the equity of the strategy.
Saylor is joining other crypto billionaires on the list
Saylor joins other crypto billionaires on Bloomberg’s list. This includes Coinbase CEO Brian Armstrong ranked 234th with a net worth of $12.8 billion, while Binance founder Changpen “CZ” Zao has won 40th for $44.5 billion.
Former FTX CEO Sam Bankman-Fried was also on the list before the crypto exchange collapsed in November 2022.
The strategy is best known for its aggressive Bitcoin (BTC) accumulation strategies. According to StrategyTracker, the company currently owns around 659,739 BTC, which holds $72.9 billion at the time of publication, or about 3.42% of Bitcoin’s distribution supply.
The strategy holds 659,738.78 bitcoins at the time of publication. sauce: Strategy Tracker
However, the strategy argues that its important Bitcoin purchases will not shake the market. “The way to buy Bitcoin is to not move the price of Bitcoin,” said Shirish Jajodia, corporate accountant and head of investor relations at Strategy.
Strategic stock prices have fallen over the past 30 days
Strategic stock closed 2.53% higher on Friday, but fell 12.4% over the past 30 days.
Related: The strategy adds $449 million to Bitcoin, increasing its August total to 7.7k BTC
The strategy was removed from the S&P 500 in August, which was a disappointment for some market participants who were hoping that the Bitcoin accumulation company would make a cut.
On Friday, Cointelegraph reported that if the company meets all requirements and is already included in the Nasdaq 100, it is still possible to be denied if the committee is tasked with impose rules on adding it to adding it after it has acquired the candidate’s “overall” view.
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