Are you “Hodling” cryptos?

While writing this article my Microsoft word autocorrect defined the word HODL as misspelled. Is it misspelled? Let’s find out.

Ever wondered where does the word hodl came from, People in crypto public forums have been using this word a lot lately, and for a good reason. This is not a drunk texting typo that I made or anyone made but, the origin might be somewhat likely.

According to Investopedia “At 10:03 a.m. UTC on Dec. 18, GameKyuubi posted “I AM HODLING,” a drunk, semi-coherent, typo-laden rant about his poor trading skills and determination to simply hold his bitcoin from that point on. “I type d that tyitle twice because I knew it was wrong the first time. Still wrong. w/e,” he wrote about the now-famous misspelling of “holding.” “WHY AM I HOLDING? I’LL TELL YOU WHY,” he continued. “It’s because I’m a bad trader and I KNOW I’M A BAD TRADER. Yeah you good traders can spot the highs and the lows pit pat piffy wing wong wang just like that and make a millino bucks sure no problem bro.”

Let me tell you what HODL stands for actually and another reason why it is associated with the cryptocurrency space?

“HODL” stands for hold on for dear life and it is generally used for holding the coin even if its value is depreciating over time as bitcoin crashed many times but the hodlers are happy to hold it for life and reap the fruits in the long term. From what I have seen nowadays it is mostly associated with “Dogecoin” and people also combine the term “Hodling till the moon” with that particular crypto coin.

All thanks to Mr. Musk the techno king of Tesla. Don’t forget to catch him live on Saturday night live on May 8. He might hint about the upcoming future of Dogecoin. Today we will be talking about one such Hodler of bitcoin Michael J. Saylor and you know the drill, we will be talking about his life, early life, and his Hodlings which might also lead to the networth, some huge numbers.

Introduction

Michael J saylor was born in February 1965 in the lincoln province in Nebraska. He is an American entrepreneur, author, inventor, philanthropist, and co-founder of Micro strategy. A company dealing in business intelligence and cloud-based services with the motto of providing business intelligence solutions to the leaders of every industry to build a secure and scalable business, He also owns Saylor academy intending to provide free online education for everyone. Wholesome!

He completed his dual degree in aeronautics and astronautics and science, technology, and society from the prestigious Massachusetts Institute of Technology (MIT) that too with a full-fledged airforce scholarship. While attending MIT he also wrote a thesis on “A Mathematical Model of a Renaissance Italian City State”

In 1989, He co-founded “Micro Strategy” intending to help industries and enterprises to deliver intelligence everywhere with the use of powerful graphical operating systems. The micro strategy went public in 1998 and got listed on NASDAQ.

Michael J Saylor has more than 40 patents under his name, He is also the founder of Alarm.com one of the first few companies to work under the home automation space and transformed lives with its groundbreaking security solutions for homes across the world.

He is also the author of the book The Mobile Wave: How mobile intelligence will change everything.

Now you may ask that where does the crypto connection come from?

Well, according to Wikipedia “On MicroStrategy’s quarterly earnings conference call in July 2020, Saylor announced his intention for MicroStrategy to explore purchasing Bitcoin, gold, or other alternative assets instead of holding cash. The following month, MicroStrategy used $250 million from its cash stockpile to purchase 21,454 Bitcoin.[22]

MicroStrategy later added $175 million of Bitcoin to its holdings in September 2020 and another $50 million in early December 2020. On December 11, 2020, MicroStrategy announced that it had sold $650 million in convertible senior notes, taking on debt to increase its Bitcoin holdings to over $1 billion worth. On December 21, 2020, MicroStrategy announced their total holdings include 70,470 bitcoins purchased for $1.125 billion at an average price of $15,964 per bitcoin.[23] As of February 24, 2021 holdings include 90,531 bitcoins acquired for $2.171 billion at an average price of $23,985 per bitcoin.”

Also Read : Micree Zhan Networth

Michael J Saylor Networth

I don’t think we need any more confirmation, right?

Okay, so you are still here for the real and exact estimates of his net worth, Let me calculate. It takes time, Any guesses?

His net worth Hodlings are well more than 240 crores US dollars. It was apparent from the hodlings he accumulated over the span of all these times, that he is evidently a bitcoin billionaire till now.