CNBC reported that Michael Saylor, the chairman of MicroStrategy, increased his personal wealth by about $700 million after the company's stock and Bitcoin prices rose for three consecutive days.
It is reported that Saylor is the largest investor in MicroStrategy, owning about 12% of the company's shares. He also revealed that he personally owned 17,732 Bitcoins in 2020. Therefore, his holdings and positions increased from $2.27 billion at the beginning of this week to $2.96 billion on Wednesday.
After MicroStrategy's stock price soared 346% in 2023, it has risen 52% this year.
A MicroStrategy spokesperson said that the company would not comment on Saylor's personal financial situation.
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