Michael Saylor · 1287

MicroStrategy's BTC holdings have increased by 10 billion US dollars in a week, and now they have turned a loss into a profit of about $83 billion

Comparing news, as BTC rebounded sharply by more than 20% this week, the book value of BTC held by Michael Saylor's Strategy has rebounded significantly. According to public data, the current market value of 840,447 BTC held by Strategy is about US$641.9 billion, the average holding cost is about US$75,385, and the total cost is about US$63.36 billion. At current prices, its BTC holdings have a surplus of about US$83 billion. If BTC were calculated around $64,500 a week ago, as BTC rebounded to the current $76,378, Strategy's BTC book increased by about $10 billion a week.

1d ago

Michael Saylor: Strategy may start share buybacks when it falls cheap enough

Comparing news, Strategy founder Michael Saylor said that buying back the company's own shares is not currently a priority, but if MSTR's stock price falls to a cheap enough level, the company may repurchase shares. Michael Saylor said during a question and answer session on Monday: If MSTR shows a very, very deep discount compared to net asset value (NAV), then you might see us take similar action. Michael Saylor said the company plans to maintain large cash reserves to gain more flexibility that can be used to buy Bitcoin, buy back MSTR or preferred shares, or pay debts. This flexibility also applies to Bitcoin. We must be able to both sell Bitcoin and buy Bitcoin. The company's strategy is to prioritize the development of STRC, cash reserves, and credit operations over share buybacks. He also explained how the price of Bitcoin will affect Strategy's future purchase plans. When the price of BTC is well above its 200-week average, Strategy may keep more of the cash raised; when the price of Bitcoin is close to or below this long-term average, it may be viewed as a buying opportunity. Regarding MSTR investors, Michael Saylor said the investment should be viewed with an investment period of at least four years, preferably 7 to 10 years. He concluded by saying, “I can feel your pain. But I think we have to be prepared for a tough year.

4d ago

Strategy prioritizes the development of STRC, cash reserves and credit operations, and does not consider share repurchases

Comparing news, Strategy Executive Chairman Michael Saylor said on Monday that the company currently prioritizes STRC preferred stock, cash reserves, and credit operations over share buybacks. Affected by Bitcoin's decline, MSTR has declined by around 38% this year. Saylor said that if MSTR shows a “very deep discount” compared to its net asset value, a repurchase may be considered, but it is currently not a priority. Strategy CEO Phong Le defended the issuance of new MSTR shares, saying that when MSTR is higher than the value of the underlying asset, issuing shares to buy Bitcoin can increase the BTC content per share. After STRC fell, the company already held $4.8 billion in cash to cover dividend payments, and Saylor plans to maintain a large cash balance to operate flexibly.

4d ago

Trump is sitting on the same stage, and the two supervisors are on the same stage. What tone will this crypto summit set?

Author: Claude, Shenzhen TechFlow Original title: Crypto Summit Preview: Trump personally sits in town, what new regulations will the SEC and CFTC heads agree on on the same stage? In-depth explanation: On August 19, the White House will convene a meeting with crypto giants such as Coinbase, Ripple, and a16z, as well as traditional finance executives such as Nasdaq and CME. Trump himself, SEC Chairman Atkins, and CFTC Chairman Selig are expected to attend. The summit comes on the eve of the Senate's 60-vote procedural vote on the CLARITY Act on September 15. Industry commentator Nate Geraci determined that the White House no longer plans to wait for Congress. On August 14, Semafor reporter Eleanor Mueller released news on X: The White House is preparing for a crypto industry summit, scheduled for August 19 (Wednesday). The source is “someone who knows the plan.” Politico followed up on the same day, citing three anonymous people familiar with the matter to confirm. ETF industry commentator Nate Geraci then published a more complete list of invitees on X: Trump himself, SEC Chairman Atkins, CFTC Chairman Selig, and crypto industry executives such as Coinbase, Polymarket, Ripple, and Gemini. Traditional financial giants were also invited. Geraci is the president of The ETF Store and has been commenting on ETFs and crypto assets in mainstream financial media for a long time. At the end of his tweet, he said, “The government is not going to wait for the CLARITY Act. Asking for support is fine, but I think they've decided to move forward no matter what. I expect this conference will send this signal strongly.” Who has been invited to the White House crypto and prediction market: Coinbase, Ripple, a16z (Andreessen Horowitz), Chainlink, Paradigm, Kalshi. Representatives from the industry organization Digital Chamber were also invited. Blockonomi's coverage also added Gemini, Robinhood, and Polymarket. Traditional financial side: Nasdaq, CME Group, Intercontinental Exchange (ICE), DTCC. Executives from these companies also serve on the CFTC's newly formed Innovation Advisory Committee (IAC). Administration side: Trump himself is expected to attend, and SEC Chairman Paul Atkins and CFTC Chairman Michael Selig confirmed their participation. Treasury Secretary Scott Bessent and Commerce Secretary Howard Lutnick may attend, but no final confirmation has been made. The conference venue is the Eisenhower Executive Office building, close to the main White House building. The White House and neither of the two regulators have released an official agenda. Compared to the March 2025 summit, Kalshi and Polymarket are on the list, and MicroStrategy's Michael Saylor is missing. The main characters changed a group. The CLARITY Act and Trump's crypto wallet CLARITY Act (H.R. 3633) will solve a problem that has dragged on for more than a decade: delineating the regulatory boundaries between the SEC and CFTC on digital assets. Which tokens are securities managed by the SEC, and which are commodities managed by the CFTC. Blurred borders have caused US crypto exchanges to frequently remove tokens, unable to launch products in the US, and the company moved its headquarters overseas. In July 2025, the House of Representatives passed 294 to 134, and 78 Democrats voted in favor. In May 2026, the Senate Banking Committee advanced 15-9. When it came to the full house voting session, it got stuck. Senate Majority Leader John Thune filed a cloture motion before the August 8 recess. On September 15, at 2:15 p.m., the procedural vote began, with a 60 vote threshold. The Republican Party holds 53 seats and is still 7 votes short of all in favor. The market structure provisions have basically been finalized; what is really stuck is a few political issues. Trump's crypto assets are the sharpest. Senator Th...

5d ago深潮TechFlow#CFTC #Coinbase #SEC #Trump

Michael Saylor: Bitcoin Will Become the World's Biggest Asset in 48 Months

Comparing news, MicroStrategy Executive Chairman Michael Saylor said that Bitcoin will become the world's largest asset within the next 48 months. This forecast means that Bitcoin's market capitalization is expected to surpass gold and all major asset classes. Saylor has long advocated the value of Bitcoin as a reserve asset and continues to push companies to increase their Bitcoin holdings. Related remarks have once again drawn the market's attention to Bitcoin's long-term positioning and the pace of asset revaluation. This article is sponsored by GENG, Build Your Fortune on GENG (https://geng.one)

6d agoburnking

Michael Saylor: Strategy digital credit instruments have outperformed Bitcoin in the past year, and financial engineering can reduce downside risks

Comparing news, Strategy founder Michael Saylor said that Bitcoin fell 47% in the past year, while Strategy's digital credit instruments performed between a 27% drop and a 9% increase over the same period, with STRC rising 9%. Financial engineering can transform volatile digital capital into financial instruments designed to provide returns, stability, and reduce downside risks.

6d ago

Michael Saylor: Bitcoin is trying to monetize digital scarcity and reshape wealth storage and value transmission

Comparing news, Strategy founder Michael Saylor said that Bitcoin integrates computers, digital networks, and cryptography to build the first digitally designed monetary network in human history. It completely dematerializes monetary assets, makes supply controlled by open agreements rather than decisions, and transforms economic value into information that can be transmitted securely in global communication networks. Compared to gold, Bitcoin is more difficult to generate, easier to integrate with software, faster transmission speed, and every participant is motivated to maintain network security. The proof of workload mechanism anchors it in the physical world, consumes real energy in exchange for ledger security, makes it expensive to tamper with history, and attracts miners, energy vendors, and investors to jointly build a defense system. Bitcoin is digital gold, but it is more appropriate to understand it as digital currency energy. The Bitcoin network is not static software, but rather an adaptive system composed of miners, nodes, developers, capital, and users. Bitcoin deliberately keeps its functions simple, focusing only on maintaining a safe and reliable ledger of scarce digital assets, leaving the complexity to higher-level applications. This hierarchical design with underlying integrity and upper layer functionality enables it not only to serve as a foundation for transmitting monetary energy across time and space, but also to support continuous innovation in payment, credit, and financial services. The more profound impact is that Bitcoin has created a new type of digital sovereignty: private keys give individuals the ability to control economic energy without permission, and ownership is verified mathematically rather than institutionally. Companies, banks, trusts, and applications can build a complete economic system around it, and social networks can also use this to introduce real costs and responsibilities into the digital space. Gold monetizes physical scarcity, while Bitcoin monetizes digital scarcity. It is not a simple payment instrument, but an engineering answer for humans to the problem of energy storage and guidance — money is energy, and Bitcoin is the monetary energy of the digital age. This article is sponsored by GENG, Build Your Fortune on GENG (https://geng.one)

7d agoburnking

Michael Saylor: Digital assets challenge TradFi in four markets simultaneously, forming a new architecture

Comparing news, Strategy founder Michael Saylor wrote that digital assets compete in four different markets. They are not a single market, but a new set of financial structures that are comprehensively challenging the traditional financial system (TradFi). The details are as follows: The digital capital, BTC, competes for wealth, and opponents are stocks, real estate, gold, and art. Digital credit STRC competes for revenue, and rivals are bonds and private equity credit. Digital currencies compete for savings; their opponents are money market funds and treasury bonds. Digital currencies compete for payments; their opponents are cash and bank deposits. Michael Saylor published an article yesterday explaining the monetary spectrum concept of digital assets, categorizing digital assets as: Bitcoin = digital capital, STRC = digital credit, SR-STRCUSX = digital currency, and USDT = digital currency. On this spectrum, from left to right, volatility and return potential gradually declined, while stability and trading utility gradually increased. Saylor defines Bitcoin as the ultimate store of value — a volatile, high-energy, and healthy bearer currency; USDT is the ultimate medium of exchange — stable and easy to trade; and digital credit and digital currency build a bridge between capital and currency.

8d ago

Michael Saylor proposed the digital asset spectrum framework, BTC is digital capital, and STRC stands for digital credit

Comparatively, Strategy founder Michael Saylor proposed the “Digital Assets Monetary Spectrum” (Digital Assets Monetary Spectrum) concept, which classifies different types of digital assets according to their volatility, yield potential, and transaction function. Saylor said that the digital asset system can be divided into four levels: Bitcoin (BTC): Digital Capital (Digital Capital) STRC: Digital Credit (Digital Credit) SR-STRCusX: Digital Money (Digital Money) USDT: Digital Currency (Digital Currency). He believes that from left to right, asset volatility and profit potential are gradually declining, while stability and trading use continue to improve. Saylor said that Bitcoin is the “ultimate storage asset of value,” with high volatility, high potential returns, and digital asset attributes that do not require a third party's credit endorsement; stablecoins are the “ultimate medium of exchange,” which emphasizes stability and payment functions. In between, digital credit and digital currency act as a bridge between capital and money. Among them, STRC is defined by Saylor as “digital credit”, which is characterized by relative stability, high fixed income, and certain value storage properties. He further stated that digital currency combines digital currency technology with the economic attributes of digital capital, and has stability, profitability, transaction convenience, and value storage functions. According to Saylor, digital capital is a bearer asset (bearer asset), while assets such as digital credit, digital currency, and digital cash are created and managed by digital finance companies, and their ownership layer corresponds to “digital equity” (Digital Equity). Together, these components form the “Digital Finance Stack” (Digital Finance Stack) of the future. This article is sponsored by GENG, Build Your Fortune on GENG (https://geng.one)

9d agoburnking

Michael Saylor Strategy increases dollar reserves by $650 million and buyback $109 million STRC

Comparing news, Strategy Executive Chairman Michael Saylor said in an article on the X platform that the company recently increased its US dollar reserves by 650 million US dollars and bought back STRC preferred shares worth 109 million US dollars. Saylor said the operation increased Strategy's USD Duration by 143 days to about 2.7 years, while narrowing STRC's Bitcoin Credit Spread (BTC Credit Spread) by 10 basis points. As of August 9, 2026, Strategy held 840,447 bitcoins as the company's BTC reserve assets; at the same time, the company's dollar reserves reached US$4.65 billion. Strategy has continued to raise capital and expand its Bitcoin holdings by issuing stocks, bonds, and preferred shares in recent years, and is one of the largest enterprise-level Bitcoin holders in the world. The increase in US dollar reserves and the repurchase of STRC is viewed by the market as a step for the company to further strengthen liquidity management and optimize the capital structure. This article is sponsored by GENG, Build Your Fortune on GENG (https://geng.one)

12d agoburnking