{"id":87487,"date":"2024-02-29T00:30:58","date_gmt":"2024-02-29T05:30:58","guid":{"rendered":"https:\/\/www.hedgeco.net\/news\/?p=87487"},"modified":"2024-02-29T00:05:12","modified_gmt":"2024-02-29T05:05:12","slug":"bitcoin-bull-michael-saylor-nets-700-million-in-gains-on-3-day-pop-in-crypto-and-microstrategy","status":"publish","type":"post","link":"https:\/\/hedgeco.net\/news\/02\/2024\/bitcoin-bull-michael-saylor-nets-700-million-in-gains-on-3-day-pop-in-crypto-and-microstrategy.html","title":{"rendered":"Bitcoin bull Michael Saylor nets $700 million in gains on 3-day pop in crypto and MicroStrategy"},"content":{"rendered":"\n<p>(CNBC) While the long-term safety of bitcoin may still be up for debate, Michael Saylor\u2019s strategy has been a hugely lucrative one, particularly this week. Shares of MicroStrategy, which derives the vast majority of its value from its bitcoin holdings, jumped 10% on Wednesday, bringing its three-day rally to 40%. Saylor is MicroStrategy\u2019s biggest investor, with a 12% stake in the company. He also disclosed in 2020 personal ownership of 17,732 bitcoins.<\/p>\n\n\n\n<p><a href=\"https:\/\/www.cnbc.com\/2024\/02\/28\/bitcoin-bull-michael-saylor-nets-700-million-on-three-day-crypto-gain.html\">To read this article:<\/a><\/p>\n","protected":false},"excerpt":{"rendered":"<p>(CNBC) While the long-term safety of bitcoin may still be up for debate, Michael Saylor\u2019s strategy has been a hugely lucrative one, particularly this week. Shares of MicroStrategy, which derives the vast majority of its value from its bitcoin holdings, [&hellip;]<\/p>\n","protected":false},"author":4,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[4],"tags":[],"class_list":["post-87487","post","type-post","status-publish","format-standard","hentry","category-syndicated"],"_links":{"self":[{"href":"https:\/\/hedgeco.net\/news\/wp-json\/wp\/v2\/posts\/87487","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/hedgeco.net\/news\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/hedgeco.net\/news\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/hedgeco.net\/news\/wp-json\/wp\/v2\/users\/4"}],"replies":[{"embeddable":true,"href":"https:\/\/hedgeco.net\/news\/wp-json\/wp\/v2\/comments?post=87487"}],"version-history":[{"count":1,"href":"https:\/\/hedgeco.net\/news\/wp-json\/wp\/v2\/posts\/87487\/revisions"}],"predecessor-version":[{"id":87488,"href":"https:\/\/hedgeco.net\/news\/wp-json\/wp\/v2\/posts\/87487\/revisions\/87488"}],"wp:attachment":[{"href":"https:\/\/hedgeco.net\/news\/wp-json\/wp\/v2\/media?parent=87487"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/hedgeco.net\/news\/wp-json\/wp\/v2\/categories?post=87487"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/hedgeco.net\/news\/wp-json\/wp\/v2\/tags?post=87487"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}