Michael Saylor Reaffirms Bitcoin Strategy 592,345 BTC

Michael Saylor, the executive chairman of Strategy, has reignited discussions around corporate Bitcoin adoption by reaffirming his ultra-bullish stance on the digital asset. In a recent post, Saylor reposted a viral interview with the CEO of a financial media platform, where he initially declared himself “irresponsibly long” on Bitcoin. This interview, which took place in 2020, marked the beginning of Strategy's aggressive Bitcoin strategy. Saylor criticized the conventional asset availability at that time and described Bitcoin as an attractive asset compared to gold, stocks, and bonds due to its limited supply.

During the interview, Saylor revealed that Strategy, a company he incorporated in 1989, had invested its unused cash in Bitcoin as a strategy to prevent inflation and currency depreciation. After reviewing several asset classes, Saylor considered Bitcoin the most voluminous and decentralized means of storing value. He argued that assets such as gold or oil can be overproduced, but Bitcoin's 21 million coin limit prevents dilution. This belief led to what will go down in history as a historic corporate wager on Bitcoin. Strategy subsequently consistently added to its holdings, ensuring its place as the biggest publicly listed Bitcoin holder, with a total of 592,345 BTC acquired to date.

Strategy's Bitcoin accumulation strategy continues unabated. The firm has continued acquiring Bitcoin by raising capital through convertible note offerings, which has allowed the company to expand its holdings without directly impacting its balance sheet. These purchases are often announced on Mondays, sparking speculation that another buy may be confirmed soon. Saylor's recent post helps remind followers of his initial pledge and strengthen the justification of the current decision to continue with its Bitcoin strategy. His message is a direct indicator that he does not see Bitcoin as a speculative financial instrument but as a long-term financial base.

Saylor has repeatedly emphasized that Bitcoin’s value lies in its scarcity and resistance to inflation. Unlike gold or oil, which can be produced in greater quantities, Bitcoin’s supply is permanently capped. He suggests that this absolute limit helps Bitcoin become less volatile and safer to hold in the long term. To him, it is the hard money of the digital age, which guarantees much better reliability than fiat currencies or more traditional investments. Michael Saylor’s reaffirmation of his “irresponsibly long” position highlights his confidence in Bitcoin’s role as a treasury reserve. As Strategy’s holdings grow, the crypto market continues to watch for the company’s next move.