Saylor of Strategy Puts an End to Bitcoin Speculation: Clarifying the Cryptocurrency\’s True Nature

Michael Saylor has once again captured the essence of his vision with remarkable clarity. As the chairman of Strategy, he has dedicated the past five years to transforming his company into a focused Bitcoin enterprise, encapsulating his approach in a single, impactful statement.

This perspective emerges at a time when Strategy’s financial records resemble national reserves more than typical corporate accounts.

By September 22nd, the firm had amassed 639,835 BTC since August 2020, investing over $47.3 billion in total.

Bitcoin is money. Everything else is credit.

— Michael Saylor (@saylor) September 23, 2025

The average acquisition cost per coin stands at $73,972. With Bitcoin’s value on an upward trajectory, their unrealized profit margin exceeds 52%. This translates to approximately $72.3 billion in market value secured—a formidable reserve unmatched by conventional fiat instruments.

Strategy’s Impressive Bitcoin Performance

In just one month—September—Strategy acquired over 7,300 BTC through four distinct transactions&comma each reflecting an increasing cost basis as market demand absorbed available supply.

The market is reacting positively to this strategic move&semi Strategy’s market capitalization now stands at $95 billion&comma with its enterprise value surpassing $110 billion&period Investors clearly recognize and appreciate the premium associated with incorporating such substantial Bitcoin holdings into equity valuations.

Saylor’s narrative extends beyond mere financial metrics—it embodies branding and philosophy&period To him&comma Bitcoin represents pure currency rather than a speculative asset or hedge against volatility .