Michael Saylor’s net worth has soared by $1 billion since the beginning of this year. The co-founder and executive chairman of business intelligence software firm Strategy also recently got included on the Bloomberg Billionaire 500 Index.he now ranks among other top crypto billionaires like Coinbase’s Brian Armstrong. Michael Saylor Boasts of $7.37 Billion in Net Worth The Bloomberg Billionaire 500 Index keeps track of the world’s richest 500 people based on their net worth. Michael Saylor was added on the index recently as the 491st billionaire, with an estimated net worth of $7.37 billion, which has even increased by 15.80% since January 1. It is worth noting that Strategy’s stock MSTR has moved up by 12% over the same time. For Saylor’s net worth, approximately $650 million is in cash, while the remaining $6.72 billion is tied up in Strategy equity. Other billionaires on the index are Coinbase CEO Brian Armstrong, who ranks 234th with a net worth of $12.8 billion, and Binance founder Changpeng “CZ” Zhao, at the 40th spot with $44.5 billion. Even Sam Bankman-Fried, FTX’s former CEO, was on the list before the exchange imploded. Strategy Holds 3% of Bitcoin Supply The growth recorded for Strategy stock comes from the country’s strong bet on Bitcoin (BTC). Between August 26 and September 1, the firm acquired 4,048 BTC for about $449.3 million at an average price of $110,981 per coin. Altogether, its total BTC holdings has now surged to 636,505 BTC. As a result, this company has successfully secured about 3% of the total Bitcoin supply. It is worth noting that Strategy has a “42/42” plan to raise $84 billion through equity and convertible notes by 2027. Thereafter, the fund will be directed to the purchase of more Bitcoin. It is an expansion of its earlier $42 billion “21/21” program. Strategy Snubbed From S&P 500 Inclusion Meanwhile, Strategy was recently snubbed from S&P 500 inclusion after several months of trying to get on the bloc. The situation was quite disappointing for some crypto enthusiasts and market participants who had expected the Bitcoin treasury company to make the cut. Saylor suggested that the company is not disturbed by the rejection. He claimed that all Strategy needed to join S&P 500 is merely formal recognition. The crypto boss slightly threw a jab at the index, citing that MSTR outperformed SPY, and even BTC. Instead of Strategy, Robinhood was added on the index to replace Caesars Entertainment. The post Michael Saylor Joins Bloomberg Billionaire Index appeared first on TheCoinrise.com .
