Michael Saylor Talks Bitcoin: Not Hoarding It, Just Making Ridiculous Moves

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Alright, here we go. The company formerly known as MicroStrategy, now just “Strategy” (oh, so creative), is making a bold bet on Bitcoin. Executive chairman Michael Saylor sat down with CNBC’s “Squawk Box” and basically gave a masterclass in why his company isn’t just holding onto Bitcoin like a bunch of digital hoarders. No, they’re *building their business around it*—like it’s the greatest thing since sliced bread.

Saylor called Bitcoin “digital capital” (yeah, okay, we get it, it’s “capital”). And guess what? Strategy has now bought over 628,000 BTC, which is worth about $72 billion. That’s nearly 3% of all Bitcoin that will ever exist. Yes, you read that right. They’re not just dipping their toes in—they’re swimming in it. How’d they get this stash? By raising $2.5 billion through an IPO of Series A Perpetual Preferred Stock. 28 million shares at $90 each. And what did they do with that? They went ahead and bought 21,021 BTC on July 29. Because why not?

Bitcoin-Funded IPOs: The Future, Apparently

Oh, and here’s where it gets even more ridiculous. Saylor’s company did *four* fundraising rounds this year. Not one, not two, but four. Two of them raised $500 million each. One raised $1 billion. And the latest one, which raised $2.5 billion? Apparently, it’s the biggest IPO of 2025 so far—no big deal. This new business model—raise capital, buy Bitcoin, repeat—has turned volatile crypto into something that actually appeals to professional investors. And the latest offering? It’s called “Stretch” (STRC), and Saylor’s convinced it’s their best product yet. 🤷‍♂️

More Public Companies Are Joining the Bitcoin Party

And it gets better—more and more companies are hopping on the Bitcoin train. Saylor revealed that over 160 public companies are holding Bitcoin now, compared to just 60 last year. Public companies collectively own about 955,048 BTC, or 4.55% of the total supply. This is where Saylor gets real: Bitcoin is *starting* to replace traditional assets like gold, real estate, and even stocks as a store of value. It’s “demonetizing” those old-school asset classes. And for companies looking to increase value for shareholders? Saylor thinks throwing money into Bitcoin is a way better idea than sitting on cash or buying into private equity. Don’t take his word for it, though. Just ask him.

Oh, and before you think Saylor’s on some kind of Bitcoin hoarding mission—he’s not. Seriously, he clarified that Strategy isn’t trying to hoard every last Bitcoin in existence. He thinks owning 3% to 7% isn’t *too much* (you know, just a casual 3-7% of the total Bitcoin supply). But he wants others to have their share too. So there’s that. He even threw a little jab at BlackRock, saying they actually hold more Bitcoin than him—around 740,896 BTC at the moment. They’re just out here one-upping each other, aren’t they?

And for those wondering why big tech companies like Apple and Microsoft don’t go around buying each other’s stock or S&P 500 companies, Saylor has an answer: SEC rules. Apparently, they’re stuck buying back their own shares. But, in a perfect world without SEC rules, he believes these tech giants might be swapping stock with each other—and maybe, just maybe, buying up Bitcoin while they’re at it. 🤔

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2025-08-02 17:28