MicroStrategy founder Michael Saylor made headlines in June 1998 when his stock surged over 70% on its debut, benefiting from the dot-com boom. In December 2024, Saylor was back in the spotlight, urging Microsoft to invest over $70 billion cash reserve into Bitcoin, which he believes is the next technology wave. MicroStrategy has invested heavily in Bitcoin since 2020, accumulating bitcoins, now valued at over $40 billion. Microsoft shareholders rejected his proposal. Critics have increasingly labeled Saylor, a cult-like leader, accusing him of using a "Ponzi loop" strategy by issuing debt and equity to buy bitcoin, boosting MicroStrategy's stock, and repeating the process.