In 2013, Michael Saylor, cofounder of cybersecurity firm Microstrategy, thought Bitcoin was destined for failure. He soon had a change of heart—so much so that he changed his company’s entire business strategy, basing it around Bitcoin investment. That decision would prove to be one of the most successful gambles in all of corporate America, catapulting Microstrategy into the list of the top 100 publicly traded U.S. companies by market cap.
In the last month, Microstrategy has surpassed dozens of other companies, including Nike and Dell and, as of Wednesday, it sat at number 88 on the list with a market cap well over $100 billion.
