- Michael Saylor, in a moment of fervent conviction, implores the masses to embrace Bitcoin at the Bitcoin 2025 conference.
- Arkham Intelligence, like a modern-day detective, uncovers 97% of Strategy’s 580,250 BTC holdings, inching closer to a transparent proof of reserves.
In the bustling heart of Las Vegas, amidst the neon lights and the cacophony of dreams, Michael Saylor, the co-founder and executive chairman of Strategy (formerly known as MicroStrategy), stood before a crowd, urging them to cling to Bitcoin [BTC] as if it were the last lifeboat on a sinking ship.
Saylor’s Bitcoin Crusade
In a speech that could only be described as a modern-day sermon, titled “21 Ways to Wealth,” he proclaimed Bitcoin to be the ultimate form of capital, a veritable golden calf for the digital age.
With a fervor that could ignite the most apathetic of souls, Saylor stressed the importance of regulatory compliance, as if it were the holy grail for companies wishing to navigate the treacherous waters of the cryptocurrency realm.
He declared,
“Every thoughtful individual everywhere in the world is going to want perfected capital. Every one of your enemies is going to want incorruptible capital, and all of the AIs are going to want programmable capital.”
With a flourish, he urged the audience to cultivate a strong conviction, to act with the courage of a lion, and to strategically pivot their investments as if they were chess pieces on a grand board.
He added,
“Bitcoin is engineered to outperform everything. Take your fiat currency, trade it for bitcoin. Take your long-term capital, trade it for bitcoin. Sell your bonds, trade [them] for Bitcoin. Sell your inferior equity, sell your inferior real estate property, buy Bitcoin.”
What Lies Beneath His Motivation?
Moreover, Saylor waxed poetic about the value of equity as a pathway to wealth, suggesting that sharing opportunities with risk-sharing investors could lead to a bountiful harvest of growth.
He recounted the tale of Metaplanet, which ascended from a mere $10 million to a staggering $5 billion market cap through the alchemy of equity partnerships.
Yet, in a twist worthy of a Dostoevskian plot, he dismissed calls for his company, Strategy, to unveil proof of reserves for its Bitcoin holdings, branding the notion as a ‘bad idea’ fraught with peril.
And thus, an intriguing development emerged from the shadows of this ongoing proof-of-reserve debate, ignited by Saylor’s audacious remarks.
The True Nature of Strategy’s Bitcoin Holdings
In the wake of this, Arkham Intelligence, an on-chain analytics firm, donned its detective hat and traced wallets linked to Strategy’s Bitcoin holdings, successfully identifying 97% of the company’s total stash of 580,250 BTC.
In a post on X (formerly Twitter), Arkham Intelligence triumphantly announced,
“WE’VE IDENTIFIED EVEN MORE OF SAYLOR’S BTC – 97% OF ALL HOLDINGS.”
They further proclaimed,
“We have identified an additional 53,833 BTC ($5.75B), bringing our coverage of Saylor’s Bitcoin holdings to $59.92B, almost ALL of his BTC.”
After uncovering an additional 70,816 BTC, the total amount traced now stands at approximately $54.5 billion. A veritable treasure trove!
This advancement brings Arkham closer to delivering an open and transparent proof of reserves for the company’s Bitcoin assets, as their explorer reveals that over 454,000 BTC are held in segregated custody, while around 107,000 BTC remain under Fidelity’s omnibus custody, shrouded in mystery.
The Community’s Discontent
However, this revelation was met with skepticism by the crypto community, as noted by an X user who lamented,
“The positive to this shows Saylor does actually have the bitcoin. The downside you now set the market up for a nice black swan in 2 years.”
Echoing this sentiment, another user quipped,
As if the universe conspired against them, Strategy expanded its Bitcoin portfolio by acquiring an additional 4,020 BTC for around $427.1 million, bringing its total holdings to an impressive 580,250 BTC.
Amidst this whirlwind, Bitcoin’s price danced like a fickle lover, dipping to $105,205.19 with a 2.94% decline over 24 hours, before recovering slightly to $370.63 following a 1.75% increase, according to the ever-reliable Google Finance.
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2025-05-30 19:13