The Man Who Said "I Will Never Sell Bitcoin"... Earned 1 Trillion Won in Just 3 Days

Michael Saylor Increases Wealth by $700 Million in 3 Days
"Now Is the Digital Economy Transition... Absolutely Not Selling"

Michael Saylor, chairman of MicroStrategy, is reported to have seen a sharp increase in his wealth. This is due to the recent surge in Bitcoin prices. Chairman Saylor has long advocated a bullish stance on Bitcoin and holds a significant portion of his wealth in Bitcoin.

On the 28th (local time), the U.S. economic media outlet CNBC reported that Saylor's wealth increased by more than $700 million (approximately 1 trillion KRW) over the past three days. The increase in wealth was thanks to the surge in MicroStrategy's stock price, where Saylor is the largest shareholder, as well as the bullish trend in Bitcoin.

Michael Saylor, Chairman of MicroStrategy [Image source=MicroStrategy homepage]

MicroStrategy's stock price surged 40% from the 26th to that day. Saylor holds about 12% of the company's shares. Meanwhile, Bitcoin also showed strength by surpassing the $60,000 level (approximately 80 million KRW) on the same day. As a result, Saylor's total wealth jumped from $2.27 billion (approximately 3.0284 trillion KRW) last week to $2.96 billion (approximately 3.949 trillion KRW).

Saylor is a leading Bitcoin bull on Wall Street. In a recent interview with foreign media, he expressed his belief, saying, "The approval of a Bitcoin spot ETF will accelerate the digital transformation of capital," and "Hundreds of millions of dollars are flowing into the digital economy every day." He is confident that Bitcoin will surpass the value of traditional assets such as the S&P 500 index, gold, and real estate, and repeatedly emphasized, "I will not sell going forward."

In fact, Saylor has consistently purchased Bitcoin even during periods when virtual assets faced downturns due to global interest rate hikes. On the 26th, MicroStrategy invested a total of $155 million (approximately 206.7 billion KRW) to acquire an additional 3,000 Bitcoins. The current value of the Bitcoins held by the company is about $12 billion (approximately 16 trillion KRW).