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Saylor's Bitcoin Empire Expands: MicroStrategy CEO Doubles Down on BTC Strategy & Warnings

Published 3 weeks ago4 minute read
David Isong
David Isong
Saylor's Bitcoin Empire Expands: MicroStrategy CEO Doubles Down on BTC Strategy & Warnings

Michael Saylor, the cofounder and executive chairman of Strategy (formerly MicroStrategy), has been a prominent voice in the Bitcoin community, actively sharing updates and insights on the digital asset. His company, which transformed from a business intelligence firm into a dedicated Bitcoin treasury company, has made headlines for its aggressive and consistent Bitcoin accumulation strategy.

A significant development highlighted by Saylor was the U.S. government's recognition of Bitcoin as a treasury asset. Following an announcement by U.S. Treasury Secretary Scott Bessent, Saylor commented on the establishment of a Strategic Bitcoin Reserve, initiated by a presidential executive order in March. Bessent also confirmed the Treasury's intent to accumulate more Bitcoin through budget-neutral methods, starting with the 200,000 BTC already held by the government, and reiterated a promise to make the U.S. a "Bitcoin superpower." This announcement, however, drew mixed reactions, with figures like cypherpunk legend Adam Back questioning the "budget-neutral" claim and suggesting it might justify spending, while others, like Anthony Pompliano, CEO of ProCap Financial, found the statement more credible than earlier remarks denying new Bitcoin purchases.

Adding to the positive sentiment for Bitcoin, the Federal Reserve recently decided to discontinue a controversial crypto bank oversight program launched in August 2023. This program subjected banks engaging in cryptocurrency services to heightened scrutiny due to perceived risks. The Fed's move, driven by a better understanding of risks and banking institutions' capabilities in managing them, signifies that existing oversight tools are now deemed sufficient. Saylor enthusiastically declared that the "road is now clear for Bitcoin and banking," a sentiment echoed by pro-Bitcoin Senator Cynthia Lummis, who called it a "big win" against what she termed "Operation Chokepoint 2.0." This development, coupled with mainstream institutional adoption and regulatory clarity, is expected to foster greater integration of crypto into traditional finance.

Strategy's commitment to Bitcoin remains unwavering. The company has continued its regular mega-purchases, recently acquiring an additional 430 BTC for approximately $51.4 million at an average price of $119,666 per Bitcoin. This latest acquisition brought Strategy's total holdings to a massive 629,376 BTC, acquired for roughly $46.15 billion at an average cost of $73,320 per Bitcoin. Despite market fluctuations, including a recent fall from an all-time high above $124,000, Strategy maintains a year-to-date yield of 25.1% in 2025. Chaitanya Jain, the company's Bitcoin strategy manager, even humorously remarked that the firm would "be buying the top forever," acknowledging the common perception that Strategy's announcements sometimes coincide with market corrections.

However, Strategy's aggressive Bitcoin investment strategy has not been without its critics. David Schwartz, CTO of Ripple, described Strategy as essentially a "leveraged Bitcoin bet" and predicted potential difficulties if Bitcoin's price were to plunge. This comment came amidst a social media controversy involving Nick O’Neill, who initially criticized Strategy but later posted a "clarification" video that appeared to be a forced retraction. Schwartz expressed belief that O’Neill was "coerced," implying that companies should not make people afraid to share honest opinions.

Beyond corporate strategy, Michael Saylor frequently uses his X account to spread philosophical messages about Bitcoin. He praised Satoshi Nakamoto for "starting a fire in cyberspace," likened to Prometheus bringing fire to humanity, shortly after Bitcoin reached a new historic price peak. In another post, he shared an AI-generated image of himself as a warrior with the caption "Bitcoin Forever," reflecting his steadfast support. He also used the cryptic "♾️ / 21M" to emphasize Bitcoin's hard-capped supply of 21 million coins in contrast to the seemingly infinite printing of fiat currencies by institutions like the Federal Reserve. This scarcity is often highlighted by Bitcoin maximalists as its strongest virtue, with estimates suggesting the last Bitcoin block will be mined in 2104.

The broader Bitcoin market has seen notable events, including a Bitcoin OG whale awakening from a five-year dormancy to transfer 3,000 BTC, valued at over $353 million, to a new wallet. While Bitcoin experienced a temporary dip, falling from its highs, Strategy's long-term thesis remains focused on Bitcoin as the ultimate store of value, and its financial operations continue to show significant profits despite short-term market movements.

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