Cryptocurrency veteran Samson Mow projected on Wednesday that Strategy Inc. (NASDAQ:MSTR) Chair Michael Saylor will overtake Tesla Inc. (NASDAQ:TSLA) CEO Elon Musk as the world’s richest individual if Bitcoin (CRYPTO: BTC) hits roughly $4.2 million apiece.
Mow’s Calculation
Mow pointed to Saylor’s personal stash of 17,732 BTC, based on his last public disclosure, and a 9.9% ownership of Strategy’s shares, as reflected in SEC filings.
As of this writing, Strategy holds 818,869 BTC in its reserves. Mow put Saylor’s indirect exposure at 9.9% of the total holdings, translating to 81,068 BTC. Including Saylor’s personal stash, his total effective exposure equaled 98,800 BTC.
Mow’s math showed a 1:1 valuation requires roughly $8.6 …