What a journey! Building, developing, innovating, evolving and creating come with adjustments, ups and downs.
I'm an observer, proud to witness the audacity of the brave and Bitcoin performance.
In a long term many will be able to profit from the ones who risk it all.
When I gave this speech in October 2022, Bitcoin traded near $20,000, Strategy held 130,000 BTC worth about $2.6 billion, and $MSTR was ~$24 split-adjusted. Weeks later, after Bitcoin fell below $16,000, our debt exceeded the combined value of our BTC and cash reserves by ~$300 million, and $MSTR fell into the $13 range by year-end.
We stayed focused, strengthened the company, and executed our strategy. Since then, Strategy has raised over $60 billion of additional capital and invested it in Bitcoin, adding more than 716,000 BTC. Today, our BTC and USD reserves exceed debt by ~$48 billion. Thank you to everyone who believed, endured, and took the long view.
LIVE NOW - Michael Salor’s Master Plan: "Fix the Money, Fix the World."
Bitcoin to $21M. Strategy as a digital credit machine. An “8% bank account” for a billion people.
Michael @saylor joins Bankless for the first time to unpack:
- Bitcoin becomes digital capital
- Strategy’s Bitcoin credit machine
- Quantum without panic
- A new view on Ethereum
- The “fix the money” thesis
Enjoy the episode!
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TIMESTAMPS
0:00 Intro
1:00 Michael Saylor’s $21M Bitcoin thesis
4:33 What has to go right for Bitcoin to get there
11:00 Has Bitcoin adoption stalled out?
13:20 Why STRC became Strategy’s breakout product
18:05 The pitch behind a Bitcoin-backed money market
21:13 How STRC is engineered to stay stable
27:31 Where the 11.5% yield comes from
36:35 Is Strategy taking too much risk?
46:50 Does Strategy ever stop buying Bitcoin?
58:48 Quantum, panic, and the Bitcoin response
1:16:18 Michael Saylor on Ethereum today
1:25:46 “Fix the money, fix the world”
1:38:39 The crypto reactor and Strategy’s endgame
His mind works diferent, he's commited to spread the word about Bitcoin, he has developed on the open protocol a way to reach everyone and let them benefit from it. This is his legacy.
Anyone who thinks Michael Saylor is just some maniac who takes out debt to buy Bitcoin needs to watch this interview.
This is one of the most sound and rationale explanations for why Saylor is going so hard and fast into Bitcoin. Great listen.
Sometimes I think about how impressive it is that Michael Saylor pushed through this -99% drawdown in his company’s stock and now has a company worth $45 billion.
This is Bitcoin at it's best performance for any one, any where, any time.
This is how engeniering, finance and inteligence converge for the good in humanity.
$STRC is engineered for high yield (11.5%), low volatility (1.7%), an exceptional Sharpe ratio (4.60), and deep daily liquidity ($209M). Track these metrics daily at https://t.co/zwmL0kN9by.
Saylor Academy is now Saylor University.
The Florida Department of Education has granted @saylordotorg university status—marking a major milestone in our mission to provide free, world-class higher education for all.
In a sea of scripted politicians from both sides of the aisle, Rep. Thomas Massie stands out as a breath of fresh air. He’s brutally honest about the political theater in DC calling out the fake fights, backroom deals, and bureaucratic overreach that leave everyday Americans in the dust. While other Republicans and Democrats play their parts in this endless charade, Massie puts America First with real integrity, no Epsteinstrings attached.
🚨🇲🇽The Epstein Allies Cartel were taking place in Cancun, Quintana Roo, from where they were kidnapping, rapping and trafficking children.
The journalist LYDIA CACHO has documented that since long time ago and the Mexican authorities banned the information because Mexican politicians were involved.
Strategy has acquired 2,932 BTC for ~$264.1 million at ~$90,061 per bitcoin. As of 1/25/2026, we hodl 712,647 $BTC acquired for ~$54.19 billion at ~$76,037 per bitcoin. $MSTR $STRC https://t.co/RooLfEvniX