Michael Saylor Reveals MicroStrategy Is 'Making $500M A Day' With Bitcoin

MicroStrategy Inc. (NASDAQ: MSTR) co-founder Michael Saylor has revealed that the company is minting $500 million a day as Bitcoin (CRYPTO: BTC) inches closer to $100,000 for the first time in its history.

MicroStrategy Inc. (NASDAQ:MSTR) co-founder Michael Saylor revealed on Friday that the company is "making $500 million a day" as Bitcoin (CRYPTO: BTC) inches closer to $100,000 for the first time in its history.

Revealing an insane statistic during a conversation with Anthony Pompliano on Friday, Saylor said that MicroStrategy's holdings of the top cryptocurrency have appreciated by as much as $5.4 billion over the last two weeks.

Also Read: Inspired by Uber and Airbnb – Deloitte's fastest-growing software company is transforming 7 billion smartphones into income-generating assets – with $1,000 you can invest at just $0.26/share!

The surge in MicroStrategy's stock is not just a reflection of Bitcoin's rising value but also highlights the company's strategic bet on the cryptocurrency.

The massive gains in MicroStrategy's stock also come at a time when the U.S. is grappling with massive hyperinflation.

Saylor, who has been all-in on Bitcoin for years now, has also slammed Warren Buffett for not investing in the apex crypto.

"If you don't own Bitcoin, you're going to get very, very poor very, very quickly. And if you do own Bitcoin, you're going to get very, very rich very, very quickly. It's a tale of two cities. And there's no in-between," Saylor said in March.

Don't Miss: If you invested $100 in DOGE when Elon Musk first tweeted about it in 2019, here's how much you'd have today

MicroStrategy's stock price surged by over 100% year-to-date on Friday morning. At the time of writing, the company's stock was up by about 5% over the last five sessions.

Over the last five years, the price of gold has increased by approximately 83%. Compare that to the massive gains in the stock market. Over the last five years, the S&P 500 has gained an impressive 136%.

Now, thanks to a new InvestingClub, you can own a piece of the precious metals market and some of the biggest names in the stock market with just $100.

Investors like Bill O'Reilly and Rudy Giuliani are using this platform to create customized gold IRAs to help shield their savings from inflation and economic turbulence.

"I'm putting a lot of my money in gold right now because I don't trust the stock market or the government to protect my wealth. This platform makes it easy to buy gold and other assets that can help you beat inflation and secure your financial future," said O'Reilly.

Click now to access unique insights that can set you ahead in today's competitive market.