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International Business Times

Business

Nica Osorio

Michael Saylor's Masterstroke: MicroStrategy Chairman Gets $600M Richer On Bitcoin ETF Trading Launch

Michael Saylor Bitcoin MicroStrategy ETF SP

The Future of Bitcoin for Corporations: Michael Saylor & Natalie Brunell | Bitcoin For Corporations (Credit: YouTube Screenshot/ MicroStrategy Official YouTube Chanel)

KEY POINTS

Saylor holds 17,732 BTC, worth around 175,227,624
His BTC investment turned into a more than $600 million pot of gold as Bitcoin surged to $45,620 last week
Saylor was an early adopter of Bitcoin

Michael Saylor, the co-founder and executive chairman of MicroStrategy, has achieved an important financial milestone by making over $600 million profit from his Bitcoin investment. It coincided with the inaugural trading of the newly approved spot Bitcoin exchange-traded funds (ETFs) on U.S. exchanges, marking a pivotal moment in MicroStrategy's investment strategy and the broader cryptocurrency market.

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