Michael Saylor, co-founder and executive chairman of Strategy, has officially entered the ranks of the world’s wealthiest individuals after his fortune jumped by $1 billion this year, securing him a spot on the Bloomberg Billionaire 500 Index.

Saylor now sits at 491st place with an estimated net worth of $7.37 billion, reflecting a 15.8% increase since January. His wealth is largely tied to Strategy’s stock, accounting for $6.72 billion, while $650 million is held in cash. Shares of Strategy (MSTR) have risen nearly 12% this year, according to Google Finance.

The billionaire joins other leading crypto figures on Bloomberg’s list, including Coinbase CEO Brian Armstrong, ranked 234th with $12.8 billion, and Binance founder Changpeng “CZ” Zhao, who holds the 40th spot with $44.5 billion. Former FTX CEO Sam Bankman-Fried was previously on the list before the exchange’s 2022 collapse.

Strategy has become synonymous with Bitcoin accumulation, holding approximately 659,739 BTC worth $72.9 billion, or around 3.42% of the cryptocurrency’s circulating supply, according to StrategyTracker. Despite the massive holdings, the company maintains that its buying activity does not disrupt Bitcoin’s market price.

While Saylor’s wealth continues to climb, Strategy’s stock has faced short-term challenges. The company’s shares rose 2.53% last Friday but remain down 12.4% over the past month. Investor disappointment also grew after Strategy was excluded from the S&P 500 in August, despite meeting technical requirements and already being included in the Nasdaq 100. Analysts suggest the decision may have stemmed from a “holistic” review of the firm’s Bitcoin-heavy strategy.

Saylor’s billionaire milestone underscores the influence of Bitcoin-focused companies on global wealth rankings, even as traditional markets remain cautious about their place in mainstream indices.