Cryptocurrencies

Bitcoin Hoard Fuels One of World’s Biggest Crypto Fortunes

MicroStrategy founder Michael Saylor now worth $3 billion
‘Are we crazy?’ Saylor says of firm’s $5 billion Bitcoin stash

Bitcoin Is the Most Scarce Asset You Can Buy: MicroStrategy's Saylor

Provide news feedback or report an error

Confidential tip?

Send a tip to our reporters

Site feedback:

Take our Survey

By Simon Hunt

March 12, 2021 at 7:15 PM UTC

Updated on

March 12, 2021 at 9:40 PM UTC

This article is for subscribers only.

It’s the latest corporate strategy for companies from Tesla Inc. to Square Inc.: shift a portion of cash reserves into cryptocurrencies as digital assets become more mainstream.

Still, few have gone as far as MicroStrategy Inc. Eight months after its first investment, the software firm has a Bitcoin holding worth more than $5 billion.