Saylor’s Losses Are Now Approaching $1 Billion

Michael Saylor was $4 billion in the money last year as bitcoin approached $70,000. Seven months later, he is losing almost $1 billion. When bitcoin was topping, he was persuading everyone how bitcoin was the best investment ever. Interestingly, not a peep on any of this from him now. As the market makes new lows daily, it will be interesting to see when comes the margin call. My prediction: bitcoin’s low will be in the day Saylor is forced to sell.

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Why Is MicroStrategy’s Saylor Buying Bitcoins?

“I have to invest into something that is going to keep up with or exceed the cost of capital. Now how are you going to make money, if you pretty much give up all your capital and you start creating a new product to compete against Microsoft, Facebook, Amazon, Apple, or Google? If you want to preserve shareholder value, you have to buy bitcoin.” said Michael Saylor, CEO of MicroStrategy, on June 8, 2021. Let’s take a look at his ideas a little bit closer.

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