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Most Influential 2021: Michael Saylor
The MicroStrategy CEO will buy the dip and the top. He’s in the market for bitcoin.
By CoinDesk
Updated May 11, 2023, 6:26 p.m. Published Dec 9, 2021, 9:40 p.m. 1 min read
Michael Saylor has probably spent more on bitcoin at this point than anyone else – and he’s still buying. The CEO of MicroStrategy, a publicly traded business software company that now operates more like an unregistered bitcoin exchange-traded fund (ETF), started his BTC binge with the firm’s cash reserves in 2020 and hasn’t stopped. Sometimes he buys the dip, sometimes at peaks, a sort of institutional-grade dollar cost averaging. To date, MicroStrategy has bought 122,478 BTC (worth about $6 billion), and Saylor is still on the market.
Obviously, Saylor has unique views on bitcoin. In addition to being the world’s most secure digital asset (not a currency), bitcoin is “energy,” a creative life force, he says. Fiat, by comparison, is a dead end.
The Complete List: CoinDesk’s Most Influential 2021
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Cantor Fitzgerald has been appointed to help with the sale, according to sources.
What to know:
- The crypto custody firm is weighing a $500 million sale, according to sources.
- The jewel in Copper’s crown is the ClearLoop in-custody settlement system, which caters to dozens of institutional firms.
- Copper closed its enterprise custody business in 2023 to focus on ClearLoop
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