Michael Saylor Defends Bold Bitcoin Strategy Amid Market Skepticism
The post Michael Saylor Defends Bold Bitcoin Strategy Amid Market Skepticism appeared on BitcoinEthereumNews.com. Key Notes Strategy currently holds 628,791 Bitcoin worth approximately $46 billion, representing about 4% of available supply. Saylor aims to acquire between 3-7% of total Bitcoin circulation but acknowledges competitors like BlackRock also accumulate. The company reported record Q2 2025 earnings of $10 billion net income following successful stock offering fundraising. Michael Saylor, the executive chairman and founder of business intelligence firm Strategy (formerly MicroStrategy), recently defended his company’s aggressive Bitcoin BTC $113 941 24h volatility: 3.1% Market cap: $2.27 T Vol. 24h: $65.71 B acquisition tactics, calling the cryptocurrency “digital capital” and remarking that it was a “50-year” asset. The Strategy boss’s commentary came during an August 1 interview on CNBC’s Squawk Box during which Saylor discussed Strategy’s Bitcoin holdings, how much would be “enough,” and his penchant for wearing orange neckties. On the subject of orange ties, Saylor said he made the switch to show off his position as a Bitcoin maximalist. According to the show’s host, Joe Kernen, the trend has become so popular that he was shouted out as a Bitcoin/cryptocurrency ally the last time he unwittingly wore an orange tie in public. When it comes to the firm’s acquisition strategy, Saylor intimated that the company was aiming to hold approximately 3 to 7% of the total Bitcoin in circulation. According to data from Strategy, the firm currently holds 628,791 Bitcoin at an average cost of $73,277. This firm puts Strategy in control of about 4% of the available remaining supply — once you account for coins that were supposedly lost/burnt and those alleged to be held in the account of purported Bitcoin creator “Satoshi Nakamoto.” When asked, during the Squawk Box interview, if Strategy was bent on purchasing all of the remaining Bitcoin, Saylor responded “I don’t think we’ll get all of it,” and pointed…
The post Michael Saylor Defends Bold Bitcoin Strategy Amid Market Skepticism appeared on BitcoinEthereumNews.com.
Key Notes Strategy currently holds 628,791 Bitcoin worth approximately $46 billion, representing about 4% of available supply. Saylor aims to acquire between 3-7% of total Bitcoin circulation but acknowledges competitors like BlackRock also accumulate. The company reported record Q2 2025 earnings of $10 billion net income following successful stock offering fundraising. Michael Saylor, the executive chairman and founder of business intelligence firm Strategy (formerly MicroStrategy), recently defended his company’s aggressive Bitcoin BTC $113 941 24h volatility: 3.1% Market cap: $2.27 T Vol. 24h: $65.71 B acquisition tactics, calling the cryptocurrency “digital capital” and remarking that it was a “50-year” asset. The Strategy boss’s commentary came during an August 1 interview on CNBC’s Squawk Box during which Saylor discussed Strategy’s Bitcoin holdings, how much would be “enough,” and his penchant for wearing orange neckties. On the subject of orange ties, Saylor said he made the switch to show off his position as a Bitcoin maximalist. According to the show’s host, Joe Kernen, the trend has become so popular that he was shouted out as a Bitcoin/cryptocurrency ally the last time he unwittingly wore an orange tie in public. When it comes to the firm’s acquisition strategy, Saylor intimated that the company was aiming to hold approximately 3 to 7% of the total Bitcoin in circulation. According to data from Strategy, the firm currently holds 628,791 Bitcoin at an average cost of $73,277. This firm puts Strategy in control of about 4% of the available remaining supply — once you account for coins that were supposedly lost/burnt and those alleged to be held in the account of purported Bitcoin creator “Satoshi Nakamoto.” When asked, during the Squawk Box interview, if Strategy was bent on purchasing all of the remaining Bitcoin, Saylor responded “I don’t think we’ll get all of it,” and pointed…
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