MicroStrategy boss Michael Saylor's Bitcoin-buying plans paid off big during this year's boom
Now he's made some $400m cashing in company shares.
Stay updated with breaking news from Jeff Dorman. Get real-time updates on events, politics, business, and more. Visit us for reliable news and exclusive interviews.
Now he's made some $400m cashing in company shares.
(Bloomberg) -- Michael Saylor’s decision back in 2020 to start buying Bitcoin has paid off in spades this year for the co-founder and executive chairman of MicroStrategy Inc. Most Read from BloombergTesla Soars on Tentative China Approval for Driving SystemHSBC CEO Quinn Unexpectedly Steps Down After Almost 5 YearsStocks Trade for 390 Minutes a Day. Increasingly, Only 10 MatterBinance and CZ’s Fortunes Are Set to Grow, Jail or no JailUS Warns ICC Action on Israel Would Hurt Cease-Fire ChancesSay
Ether is ready to take the limelight in the month ahead after bitcoin and newly launched bitcoin ETFs dominated crypto investor attention in January.
Digital Currency Group, the owner of Grayscale Bitcoin Trust, is mired in a swirl of lawsuits including one from New York Attorney General Letitia James. Rising crypto markets could be its savior.
Some observers see an industry still afflicted by rampant speculation and insufficient safeguards.