- Michael Saylor, co-founder of MicroStrategy, is featured on the cover of Forbes for his bold Bitcoin investment strategy.
- MicroStrategy now holds over 471,000 BTC and has seen its stock soar by more than 700% in a year.
- Saylor warns that a Bitcoin price crash could severely impact MicroStrategy’s stock and the broader crypto market.
In a telling sign of just how far Bitcoin and the crypto market have come, Michael Saylor, co-founder of MicroStrategy, now graces the cover of Forbes Magazine. The feature dives deep into Saylor’s journey and the audacious strategy that has turned his company into what many are calling a “Bitcoin proxy.”
Michael Saylor’s Bitcoin Empire
The article highlights a game-changing moment in crypto history: last year’s U.S. SEC approval of Bitcoin ETFs. That regulatory win ignited a rally, pushing Bitcoin’s price past the $100,000 milestone by early December, more than doubling in just 12 months. Right around the same time, MicroStrategy’s inclusion in the Nasdaq 100 sent its stock through the roof, soaring over 700% in a year.
MicroStrategy now boasts a staggering stash of 471,107 BTC—making it the largest Bitcoin holder outside of Satoshi Nakamoto (rumored to have around 1 million tokens). Naturally, this has catapulted Saylor’s personal wealth, from a respectable $1.9 billion to a jaw-dropping $9.4 billion in just over a year. In his interview with Forbes, Saylor explained it in his signature, almost eccentric style:
“People think that’s crazy. How can such a small company have that liquidity? It’s because we put a crypto reactor in the middle of the company, pull capital in, and then we spin it. That puts volatility in the equity and makes our options and convertible bonds the most interesting and highest-performing in the market.”
The Forbes Curse?
Of course, all this comes with risks—ones Saylor knows too well. “If Bitcoin’s price crashes, our stock will drop even harder and faster than the token itself,” he admitted. Still, MicroStrategy is holding firm to its identity as “the world’s first and largest Bitcoin Treasury.” This bold positioning has attracted major institutional interest in the company’s convertible bonds.
Issued between 2021 and 2022, these six bonds, maturing from 2027 to 2032, offer ultra-low interest rates ranging from 0% to 2.25%. That’s pretty wild in today’s bond market, where yield-hungry investors are turning to riskier private credit for returns. Impressively, MicroStrategy’s bonds have delivered a hefty 250%+ return since issuance.
But here’s the twist: Some are wondering if Saylor might face the infamous “Forbes Curse.” The last crypto mogul to grace the magazine’s cover was none other than Sam Bankman-Fried, just before FTX spectacularly imploded in 2022. If MicroStrategy faces any turmoil—be it operational mishaps or a sudden Bitcoin sell-off—the ripple effects could be devastating. Bitcoin’s price would almost certainly nosedive, sparking panic across the entire digital asset market.
For now, though, Saylor seems unfazed. Whether you see him as a visionary or a gambler, one thing’s clear: his high-stakes bet on Bitcoin has reshaped how institutional investors think about crypto—love it or hate it. And, in today’s unpredictable financial world, maybe that’s exactly what’s needed.
