Who is Michael Saylor and What Does He Do?

Esat Demirtaş 16 October 2021Last Updated: 16 April 2023

4 minutes read

Who is Michael Saylor and What Does He Do?

Since some names in the crypto world are frequently mentioned in the news and developments, it also attracts the attention of users. Michael Saylor, as a name most used in the crypto world and mentioned in the markets, attracts the attention and curiosity of the entire crypto world.

In this content, we will try to convey all the details about Michael J. Saylor with the question of who is Michael Saylor.

Who is Michael J. Saylor?

Michael J. Saylor is an American entrepreneur and businessman.

Born on February 4, 1965 in Lincoln, Nebraska, Saylor traveled all over the world until the age of 11, due to his father being an Air Force Sergeant Major, and spent his life in air force bases.

Saylor, who lived a more stable life compared to her previous life after her family moved to Ohio at the age of 11, enrolled in Massachusetts Institute of Technology (MIT) in 1983 with a ROTC scholarship. Saylor, who graduated with a double major in 1987, also met Sanju K. Bansal, one of the other founders of MicroStrategy, which she will be one of the founders of in the future.

Although he wanted to be a pilot, Saylor could not become a pilot due to health problems. He joined The Federal Group, Inc. in 1987. He got a job at a computer simulation modeling consulting firm called In 1988, he became an internal consultant at DuPont, where he developed computer models that predict the market and made a significant contribution to the company he worked for.

Michael Saylor later founded MicroStrategy with Sanju Bansal, whom he met at the Massachusetts Institute of Technology, thanks to funds from DuPont, and focused first on software development for data mining and later on software development for business intelligence.

Michael Saylor, who did his first major job with McDonald’s through his MicroStrategy company, signed a contract to develop an application to analyze the efficiency of McDonald’s promotions and earned $10 million. This business not only provided financial gain to Michael Saylor, but also gave him the idea to develop a business acumen to manage his own business.

Saylor decided to offer the company MicroStrategy, of which it is a founding partner, to the public in June 1998, with an initial public offering. Having made an IPO with 4 million shares and an offer of $12 each, Michael Saylor has doubled the company’s shares from day one.

Michael Saylor, whose net worth reached $7 billion in early 2000, was born in Washington D.C. He became the richest man in his region but got stuck in the SEC investigation. In March 2000, the US Securities and Exchange Commission (SEC) charged three MicroStrategy partners, including Michael Saylor, for misreporting financial results for the past two years.

Saylor, who came to a settlement as a result of the accusations made by the SEC, reached an agreement with the SEC by paying a penalty of $350 thousand and a personal payment of $8.3 million in December of the same year, but as a result, he reduced his net worth to $ 6 million.

Michael Saylor single-handedly founded the free online education system, the Saylor Foundation, in 2008. Later, the platform started to be used as Saylor Academy instead of the Saylor Foundation name.

In 2012, Michael Saylor published his own book, The Mobile Wave: How Mobile Intelligence Will Change Everything, on trends in mobile technology, commerce, health, education and developing technology. It has managed to enter the bestseller lists of the s and the Wall Street Journal.

Michael Saylor, who has 31 patents and 9 additional patent applications as of 2016, came to the fore with his criticisms on COVID-19 on March 16, 2020. Saylor, who criticized the COVID-19 measures in a long text he sent to MicroStrategy employees, of which he was a founding partner, also refused to close his company due to measures against the virus.

Michael Saylor, whose net worth reached $7 billion in early 2000, was born in Washington D.C. He became the richest man in his region but got stuck in the SEC investigation. In March 2000, the US Securities and Exchange Commission (SEC) charged three MicroStrategy partners, including Michael Saylor, for misreporting financial results for the past two years.

Saylor, who reached a settlement as a result of the accusations made by the SEC, reached an agreement with the SEC by paying a penalty of $350 thousand and a personal payment of $ 8.3 million in December of the same year, but as a result, he reduced his net worth to $6 million.

Michael Saylor single-handedly founded the free online education system, the Saylor Foundation, in 2008. Later, the platform started to be used as Saylor Academy instead of the Saylor Foundation name.

In 2012, Michael Saylor published his own book, The Mobile Wave: How Mobile Intelligence Will Change Everything, on trends in mobile technology, commerce, health, education and developing technology. It has managed to enter the bestseller lists of the s and the Wall Street Journal.

Michael Saylor, who has 31 patents and 9 additional patent applications as of 2016, came to the fore with his criticisms on COVID-19 on March 16, 2020. Saylor, who criticized the COVID-19 measures in a long text he sent to MicroStrategy employees, of which he was a founding partner, also refused to close his company due to measures against the virus.

Michael Saylor and Bitcoin (BTC)

Michael Saylor; In July 2020, in the 3-month earnings conference call of the MicroStrategy company, of which he is a co-founder, he announced that he wanted the company to buy Bitcoin and other investment instruments instead of holding cash, and in the next month, 21,454 Bitcoin (BTC) was purchased from his company for 250 million dollars.

MicroStrategy, which bought another $175 million worth of Bitcoin in September of the same year, also invested another $50 million in Bitcoin at the beginning of December 2020. Later, he made an extra investment of more than $1 billion by buying debt and selling $650 million of securities in order to increase his Bitcoin presence.

Announcing that it owns 90,532 Bitcoins as of February 24, 2021, 70% of MicroStrategy is controlled by Saylor. Saylor is still among the biggest advocates of Bitcoin and other crypto assets today, rejecting criticism that he has recently turned his company into a Bitcoin investment firm and ETF firm.