Michael Saylor, the co-founder and executive chairman of Strategy (formerly MicroStrategy), has been a prominent voice in the cryptocurrency space, highlighting significant advancements for Bitcoin. Recent developments include the U.S. government's official recognition of Bitcoin as a treasury asset and the Federal Reserve's decision to discontinue a controversial crypto bank oversight program, both of which Saylor views as clearing the path for Bitcoin's broader integration.

The U.S. Treasury Secretary, Scott Bessent, announced that the U.S. government is now acknowledging Bitcoin as a reserve asset and intends to establish a Strategic Bitcoin Reserve. This initiative was set in motion by the U.S. president through an executive order in March. Bessent further confirmed the Treasury's plan to accumulate more Bitcoin through budget-neutral methods, building upon the existing 200,000 BTC already held by the government. He also reiterated a promise to position the United States as the "Bitcoin superpower of the world." Saylor enthusiastically endorsed this, summarizing it as: "The US is now recognizing Bitcoin as a Treasury Reserve Asset." However, this announcement triggered mixed reactions within the Bitcoin community, especially after Bessent had previously indicated that the U.S. government was not planning to acquire new Bitcoin. Cypherpunk pioneer Adam Back suggested that the statement about not buying new Bitcoin might have been a "misspeaking" remark, thanking them for "cheap Sats" and implying that "budget-neutral ways to buy Bitcoin" could be a justification for spending. Anthony Pompliano, CEO of ProCap Financial, leaned towards the latter statement as more truthful.

Further bolstering the outlook for Bitcoin and the banking sector, the Federal Reserve has officially shelved its crypto bank oversight program, which was initiated in August 2023. This program subjected banks exploring cryptocurrency-related services to heightened scrutiny. The Fed's decision stems from a better understanding of associated risks and the capability of banking institutions to manage them, rendering existing oversight tools sufficient for monitoring crypto and fintech activities. Saylor lauded this move, declaring that the road is now "clear for Bitcoin and banking." Senator Cynthia Lummis echoed this sentiment, hailing it as a "big win" that marks an end to what some termed "Operation Chokepoint 2.0," referring to perceived regulatory pressures against crypto businesses. This regulatory shift follows significant institutional adoption and increasing regulatory clarity in the U.S., with U.S. Federal Reserve Chair Jerome Powell acknowledging crypto's mainstream trajectory and new guidelines for banking institutions engaging in crypto custody.

In parallel with these macro developments, Michael Saylor's company, MicroStrategy, has formally transitioned into Strategy Inc., solidifying its identity as a dedicated Bitcoin treasury company. Strategy continues its aggressive Bitcoin accumulation strategy, initiated in 2020. As of August 17, 2025, Strategy holds a monumental 629,376 BTC, acquired for approximately $46.15 billion at an average price of $73,320 per bitcoin. The firm recently added another 430 BTC, spending around $51.4 million at an average price of $119,666 per bitcoin, a move that suggests buying the dip amidst a broader crypto market downturn. Despite market fluctuations, Strategy reported an impressive 25.1% Year-to-Date (YTD) Bitcoin yield in 2025, underscoring the profitability of its long-term holding strategy.

Saylor consistently expresses his unwavering belief in Bitcoin's future. He recently shared an AI-generated image of himself as an ancient warrior with the caption "Bitcoin Forever," symbolizing his resolute commitment to the digital asset. He also praised Satoshi Nakamoto for "start[ing] a fire in cyberspace," likening the creator of Bitcoin to Prometheus. Strategy remains the largest Bitcoin treasury company on the market, second only to BlackRock's iShares spot Bitcoin ETF (IBIT) in total Bitcoin holdings. To fund its regular BTC acquisitions, Strategy issues various types of securities, including MSTR, STRC, STRK, STRF, and STRD, offering diverse Bitcoin-based investment opportunities.

While Saylor and Strategy reinforce their bullish stance, the broader Bitcoin market has seen some volatility. An "OG whale" wallet (19D5J8), holding 23,969 Bitcoins, recently awakened after five years of dormancy, transferring 3,000 BTC (valued at $353.16 million) to a new wallet. Concurrently, Bitcoin's price experienced a dip, falling from an all-time high above $124,000 to around the $115,000 level, influenced by recent geopolitical events in Alaska. Despite these short-term movements, Strategy's portfolio performance indicates continued substantial profits due to its aggressive and sustained Bitcoin accumulation.