Michael Saylor – Tech Billionaire
Michael Saylor founded MicroStrategy and took it public in 1998, serving as executive chairman since then. MicroStrategy offers business analytics software specialized in enterprise intelligence and mobile software solutions.
Saylor has become a Bitcoin advocate and invested his corporate coffers in it as an inflation hedge. Furthermore, the recent banking crisis has likely increased enthusiasm for it.
Founder of MicroStrategy
Michael Saylor is the creator of business intelligence and mobile software company MicroStrategy. Born into a military family and having spent much of his childhood travelling around, Michael found inspiration in technology and business at an early age when creating MicroStrategy at just 24 years old. Offering data governance, integration and visualisation services as well as tools for monitoring real-time operational metrics; its features include data discovery, ad hoc analysis, data modeling predictive analytics as well as interactive dashboard tools he created his business at that age.
Michael is an investor in several cryptocurrency projects and holds a net worth of more than $3 billion. In 2020, he reported purchasing 17,732 Bitcoin; his share in MicroStrategy represents over 100 million shares outstanding; in addition, his stake accounts for 67.8% of its voting power.
Expert in using big data and machine learning, which have allowed him to identify new opportunities across many industries. His unique set of skills has allowed him to build MicroStrategy into one of the premier enterprise analytics and mobility solutions worldwide.
MicroStrategy’s software is trusted by thousands of businesses around the globe for data analysis and visualization. With its user-friendly interface, users are able to create customized reports and dashboards that emphasize key information. In addition, mobile analytics support enables businesses to monitor key performance indicators while on-the-go.
Furthermore, this software offers data governance, integration and visualisation services. One of the software’s key features is data discovery – which enables it to connect disparate sources and formats including data silos and flat files – while also offering data wrangling that facilitates cleaning and structuring the data to make it usable by analysts as well as predictive analytics, multi-source analysis and multidimensional querying services.
Michael Saylor once had a multibillionaire net worth, but much of it was lost due to dot.com boom and bust. Yet, much of his fortune has been restored through timely investments in Bitcoin; his passion for crypto has made him a prominent voice within this field.
A-lister in the bitcoin community
Michael Saylor is a tech billionaire and one of the leading proponents of Bitcoin. He founded MicroStrategy, a software company which specializes in business intelligence and mobile software; its growth was remarkable and attracted major clients like McDonald’s. Saylor became a multi-billionaire when his company achieved great success; however, following the dot-com bubble’s burst in late 1996, his fortune dramatically declined. Through timely Bitcoin investments he managed to regain some of it back. Saylor was one of the largest cryptocurrency investors at that time, purchasing 17,732 bitcoins for $175 million at one time – one of the largest cryptocurrency purchases at that time. Over time, Saylor increased his exposure to bitcoin as more and more of MicroStrategy’s funds were funnelled into it; helping fuel its institutional boom of 2020. Now MicroStrategy owns over 132,500 worth more than $2 billion!
Saylor’s passion for Bitcoin has earned him the distinction of A-Lister status within the community. He has long been an enthusiastic supporter, tweeting regularly about its progress and giving interviews about its prospects despite recent market downfalls and bear markets. Saylor believes in its long-term potential – believing its value may surpass gold within 10 years.
Saylor recently provided his reasons for supporting bitcoin in an interview with Arnold brothers on YouTube, noting how traditional assets and securities depreciate over time, whereas bitcoin acts like digital energy that delivers power at any frequency without friction or loss in space or time; furthermore, its efficiency surpasses that of mechanical, chemical or electrical sources of energy.
Though initially unorthodox, Saylor made investing in bitcoin possible with his initiative. As one of the first CEOs to purchase it with company funds and debt, his efforts set a precedent that other companies can follow – his efforts paid off with MicroStrategy stock jumping 254% since Saylor began purchasing bitcoin, outstripping even blue chip giants such as Google and Apple in terms of growth potential.
Perseverance
Saylor’s business intelligence software company, MicroStrategy, provides mobile software and cloud-based services. Customers include McDonald’s, Coca-Cola, Victoria’s Secret and others such as Coca-Cola; its customer base also includes major corporations like McDonald’s, Coca-Cola, Victoria’s Secret among many more. His software helps these companies organize their databases into easily readable charts and grids and also enabled Victoria’s Secret executives to identify when more black bras were required in New York and larger ones were needed in Chicago; as a result revenue has increased to over $500 Million since 2015.
Saylor firmly believes that bitcoin will play a pivotal role in expanding digital asset adoption, particularly given the rapidly rising food and oil prices worldwide. He sees these price spikes leading governments to adopt digital assets like cryptocurrency to control inflation and debt issues; consequently MicroStrategy has acquired various forms of crypto assets including bitcoin. At present, they hold over 115,000 of them worth approximately $2.9 billion at time of writing.
Saylor recently discussed his belief that the cryptocurrency market will become more mature and institutionalized with regulators cracking down on stablecoins and tokens, such as tokenized stablecoins like stablecoins. According to Saylor, such moves will only strengthen Bitcoin as the sole institution-grade investment asset available today and increase its value even more due to bear markets – further solidifying its place within the market.
Michael Saylor offers an interesting perspective on technology. Born in Lincoln, Nebraska and raised on Air Force bases around the globe during his early years, he attended MIT under an Air Force ROTC scholarship – graduating in the top one percent of his class – before going on to work with The Federal Group and DuPont before founding MicroStrategy in 1989.
Saylor’s perseverance and hard work have allowed him to establish one of the largest business intelligence providers worldwide. In his most recent book, The Mobile Wave: How Mobile Intelligence Will Change Everything, Saylor asserts that mobile intelligence will transform how businesses operate as well as customer interactions with brands; his book was featured by Forbes, USA Today, and Washingtonian as being groundbreaking and transformative.