Michael Saylor has had quite the year. MicroStrategy (NASDAQ: MSTR), the company he co-founded roughly 35 years ago, is up more than 500% in 2024. The billionaire has also seen his net worth climb by about $1 billion,

Well, this is a Bitcoin surprise. Michael Saylor, the Executive Chairman of MicroStrategy, has lost his voting control over the company, which means it has lost its status as a “controlled company” on Nasdaq.

Michael Saylor, the founder of MicroStrategy, stated that the world’s top cryptocurrency is unlikely to plunge below $60,000 in the short-term, citing the positive price momentum bitcoin has been experiencing following the 2024 presidential election.