Michael Saylor, executive chairman and co-founder of MicroStrategy (NASDAQ:MSTR), likened Bitcoin to “Manhattan in cyberspace,” describing it as a long-lasting asset in an interview on Wednesday. What Happened: Saylor emphasized the unique nature of Bitcoin,

It’s been a wild ride lately for Michael Saylor, executive chairman of MicroStrategy, once a software company but now really a leveraged play on Bitcoin. The numbers are mind-boggling. Shares of MicroStrategy have soared 459% year to date (versus 26% for the S&P 500),

Michael Saylor can single-handedly decide Bitcoin's fate just because of MicroStrategy's stack is simply ridiculous.

MicroStrategy claims to have found an infinite money glitch by using inflating dollars to accumulate scarce bitcoin. But how does it actually work?

Since 2020, Saylor has leveraged his publicly traded company to amass over $14 billion in paper profits by buying more than $30 billion worth of Bitcoin, positioning MicroStrategy as the largest corporate holder of the cryptocurrency. It’s a strategy that has drawn admiration from Bitcoin maximalists and skepticism from traditional investors alike.

MicroStrategy is unique on the stock market because it essentially acts like a leveraged Bitcoin ETF. Chief Executive Officer Michael Saylor, one of the biggest evangelists for the digital coin, began buying it for his company in 2020, and it held 252,220 bitcoins as of the end of the third quarter.

How can Microstrategy borrow billions at 0% to continue buying bitcoin and what does this reveal about market players’ expectations.

Michael Saylor's MicroStrategy has added 55,000 Bitcoin worth $5.4 billion, bringing its total holdings to 386,700 BTC.

Michael Saylor has been billed to share his knowledge of Bitcoin investments to the Board of Directors at Microsoft.

The large-cap token climbed on Thanksgiving, raising the probability that crypto stocks will rise when markets reopen on Black Friday.