Michael Saylor describes Bitcoin as digital energy

Michael Saylor reiterated his view of Bitcoin on August 23, calling the cryptocurrency a form of “digital economic energy” that can be securely controlled by individuals, companies and governments.

Strategy’s Bitcoin holdings

Strategy reported that it holds 840,447 BTC, roughly 4 % of Bitcoin’s 21‑million maximum supply. At a price of $77,175 per Bitcoin, the holding is valued at about $64.86 billion, which is approximately $1.5 billion above the company’s aggregate acquisition cost of $63.36 billion (average cost $75,385 per coin).

Financial context

Strategy’s cash reserve stands at $4.80 billion after raising $333.7 million through common‑share sales. The company’s preferred shares, listed under the “Digital Credit” platform (e.g., STRC), are conventional securities, not blockchain tokens.

Recent activity

• Sold 1,690 BTC for $108.6 million and used the proceeds for STRC repurchases.
• Repurchased 1.39 million STRC shares for $132.2 million, financed by common‑share sales.
• No Bitcoin purchases or sales were reported in the week of August 10‑16.

Outlook

CEO Phong Le indicated that Strategy plans to resume Bitcoin accumulation once STRC’s market price moves closer to its $100 stated amount, though no specific timeline was provided.