Michael Saylor's Bid For Microsoft To Buy Bitcoin Fails Despite MicroStragey's Massive Valuation And Bitcoin Holdings

MicroStrategy founder Michael Saylor made headlines in June 1998 when his stock surged over 70% on its debut, benefiting from the dot-com boom. In December 2024, Saylor was back in the spotlight, urging Microsoft to invest over $70 billion cash reserve into Bitcoin, which he believes is the next technology wave. MicroStrategy has invested heavily in Bitcoin since 2020, accumulating bitcoins, now valued at over $40 billion. Microsoft shareholders rejected his proposal. Critics have increasingly labeled Saylor, a cult-like leader, accusing him of using a "Ponzi loop" strategy by issuing debt and equity to buy bitcoin, boosting MicroStrategy's stock, and repeating the process.