Konstruct Magazine

After Donald J Trump’s Presidential Election Win, The world witnessed a sudden outburst of crypto investors some Big, some small. This however posted Bitcon’s value to a little more than 100 Grands( 100,000 USD) yes you heard it right, the once FTX led crypto winters which blew the digital currency to lower than $17,000 (As close as a year and half ago) has now surmounted to such skies, this all couldn’t be fate nor a hype. GOD KNOWS WHAT, after all I’m a simple editor at A New age magazine and not a Economist with a political tongue.

Now, do you know how many bitcoins are available on this planet, Around 17 Million.

Now a single bitcoin going $120,000 how much do you think a guy with

500,000 early stage invested bitcoins is worth? Millions? Ten Millions? Billions? Ten Billions? or Tens of Billions?

$60,000,000,000

This is the worth of Michael J. Slayor, a crytocurrency Enthusiast, Entrepreneur, Inventor and a real Crazy Billionaire.

Michael Saylor is an American entrepreneur, executive, inventor, author, and philanthropist. He was born to a military family in Lincoln, Nebraska, in 1965 and spent his childhood living on various U.S. Air Force bases around the world. By his teenage years, his family had settled at Wright-Patterson Air Force Base near Dayton, Ohio—the birthplace of aviation and home of the Wright brothers. He graduated from high school first in his class, served as both class marshal and valedictorian, and was voted most likely to succeed by his peers.

Mr. Saylor attended the Massachusetts Institute of Technology (MIT) on a full Air Force Reserve Officer Training Corps scholarship. While at MIT, he was a member of the Theta Delta Chi fraternity, and obtained dual degrees in aeronautics and astronautics as well as science, technology and society. In his free time, he played guitar in a rock band and learned to fly gliders. Mr. Saylor

became fascinated by the application of computer simulation technology to public policy and business strategy, eventually writing his thesis “A Mathematical Model of a Renaissance Italian City State” while studying system dynamics at the MIT Sloan School of Management.

In 1987, Mr. Saylor graduated with highest honors from MIT. Having already successfully completed flight officer training at Lackland Air Force Base in San Antonio, Texas, where he learned to fly, he was commissioned as a Second Lieutenant in the United States Air Force. He joined the Air Force Reserve and

began a career in consulting, with a focus on constructing computer simulations to support strategic decision-making at companies such as DuPont, Dow, and Exxon.

In 1989 at the age of 24, Mr. Saylor combined his passions for technology, business, and the use of computer simulations to launch MicroStrategy. The company was founded on his vision of helping enterprises deliver intelligence everywhere. By harnessing the power of graphical operating systems and client server computing, and pioneering a new approach to business intelligence called relational online analytical processing (ROLAP), the company grew steadily, going public in 1998 (NASDAQ: MSTR). Under his leadership, MicroStrategy has emerged as a global leader in enterprise analytics and mobility software, serving thousands of organizations around the world.

Mr. Saylor is a named inventor on more than 48+ patents. In addition to being credited as the inventor of relational analytics, he led MicroStrategy into the fields of web analytics, distributed analytics, mobile analytics, cloud computing, mobile identity, and IoT. He was also the creator and founder of Alarm.com (NASDAQ: ALRM), one of the first home automation and security companies, and Angel.com (sold to Genesys Telecommunications

Laboratories for $110 million in 2013), one of the first cloud-based interactive voice response service providers.

Mr. Saylor is the author of the book The Mobile Wave: How Mobile Intelligence Will Change Everything, published by Perseus Books in 2012. The book anticipated the impact of mobile, cloud, and social networks on worldwide political and economic development, along with the rise of Apple, Amazon, Facebook, and Google as transnational technology leaders that would destabilize the status quo across most industrial and political domains. The Mobile Wave appeared on both The New York Times and The Wall Street

Journal Best Seller lists. In 1999, Mr. Saylor established The Saylor Foundation, which has donated millions to philanthropic causes including children’s health, refugee relief, education, environmental conservation, and support for the arts. The foundation runs the Saylor Academy (Saylor.org), which offers free college education and continuing professional development courses to students worldwide. To date, it has provided free educational services to more than 2 million students.

About Microstrategy

Saylor started MicroStrategy in 1989 with a consulting contract from DuPont, which provided Saylor with $250,000 in start-up capital and office space in Wilmington, Delaware. Saylor was soon joined by company co-

founder Sanju Bansal, whom he had met while the two were students at Massachusetts Institute of Technology (MIT). The company produced software for data mining and business intelligence using nonlinear mathematics, an idea inspired by a course on systems-dynamics theory that they took at MIT.

In 1992, MicroStrategy gained its first major client when it signed a $10 million contract with McDonald’s. It increased revenues by 100% each year between 1990 and 1996. In 1994, the company’s offices and its 50 employees moved from Delaware to Tysons Corner, Virginia.

On June 11, 1998, MicroStrategy became a public company via an initial public offering.

In 2000, the company founded Alarm.com as part of its research and development unit.

On March 20, 2000, after a review of its accounting practices, the company announced that it would restate its financial results for the preceding two years. Its stock price, which had risen from $7 per share to as high as $333 per share in a year, fell to $120 per share, or 62%, in a day in what is regarded as the bursting of the dot-com bubble.

In December 2000, the U.S. Securities and Exchange Commission brought charges against the company and its executives. A lawsuit was subsequently filed against MicroStrategy and certain of its officials over fraud. In December 2000, Saylor, Bansal, and the company’s former CFO settled with the SEC without admitting wrongdoing, each paying $350,000 in fines. The officers also paid a combined total of $10 million in disgorgement. The company settled with the SEC, hiring an independent director to ensure regulatory compliance.

In February 2009, MicroStrategy sold Alarm.com to venture capital firm ABS Capital Partners for $27.7 million. The company introduced OLAP Services with a shared data set cache to accelerate reports and ad hoc queries. In 2010, the company began developing and deploying business intelligence software for mobile platforms, such as the iPhone and iPad.

In 2011, the company expanded its offerings to include a cloud-based service, MicroStrategy Cloud.

In 2013, MicroStrategy sold Angel to Genesys Telecommunications Laboratories for $110 million.

In January 2014, the company announced a new feature of the platform called PRIME (Parallel Relational In-Memory Engine), co-developed with Facebook.

In October 2014, the company announced plans to lay off 770 employees, a month after reducing Saylor’s salary from $875,000 to $1 at his request.

In June 2015, MicroStrategy announced the general availability of MicroStrategy 10.

In the fall of 2018, the company released MicroStrategy 11.

In January 2019, MicroStrategy announced the general availability of MicroStrategy 2019.

In February 2020, the company announced MicroStrategy 2020.

Saylor resigned as CEO effective August 8, 2022. Phong Le, who had been president, succeeded him. Saylor remains the Executive Chairman of MicroStrategy. In a press release announcing the transition, Saylor said that he would focus on the company’s bitcoin acquisition strategy and that Phong would manage overall corporate operations.

^{Excerpts: Wikipedia, Michael.com}

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