Former Chairman, MicroStrategy
MSTR Today: Strategy’s Bitcoin Playbook: The New Reality of Michael Saylor
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🔥 Welcome to MSTR Today and the Treasury Titans
Your DAILY dose of all things Bitcoin, Strategy, Michael Saylor and the companies reshaping the financial world in real time.
If you want signal over noise, conviction over confusion,...
About Michael Saylor
Michael Saylor, executive chairman of Strategy (formerly MicroStrategy), has been a prominent speaker at conferences including BTC Prague and Consensus in 2026, where he discussed Bitcoin's market performance and his company's financial strategy. Saylor stated that Bitcoin had "emerged as global digital capital" and described the current period as "the most exciting year in the history of Bitcoin." He addressed criticism over Strategy selling 32 Bitcoin during a market downturn, arguing that the company had "bought net 250,000 Bitcoin" and that the sale was part of a multivariate capital allocation model. Saylor characterized critics as "Twitter trolls" and said the company's actions were designed to support its digital credit product, STRC, which he described as a "passenger jet" compared to Bitcoin's "fighter jet" and MSTR's "rocket ship." Saylor has promoted digital credit as a key growth area, stating that "the real story here is digital credit is exploding" and that it could attract "trillions and trillions of dollars" onto the Bitcoin network. He argued that Bitcoin's traditional four-year cycle is "broken" and that demand is now driven by institutional adoption rather than supply dynamics. Saylor projected that Bitcoin could reach $7 million per coin, describing this outcome as "inevitable" if the asset captures a larger share of global capital. He also dismissed concerns about quantum computing as a threat to Bitcoin, calling it "a hypothetical problem that people imagine so that they can generate engagement on X."
Transcript (19 segments)
✨ AI-enhanced transcript with speaker attribution
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JLD0:00
Welcome to MSTR Today and the Treasury Titans. JLD here and it is Monday, June 8th and nothing in this video is financial advice. And Michael Saylor wants us to know that orange is the new black. Check it out. Orange is a new black with a capital Bitcoin B strolling down the runway making things happen. Looking quite dapper, I must say. And he's probably feeling dapper, too, because he wanted us to know yesterday that it was a good time to add dots. And of course, there was a lot of speculation about this. You can see the dots he's been adding here on this little rise up. Then, of course, we had the plummet down to 59 as we're speaking now. We're around 63.
And hey, people were like, did he sell more Bitcoin? Will there be a green dot to add to the USD reserve? Did he sell the billions of dollars of Bitcoin that he has in net loss right now to pick up that tax harvesting? There could have been a lot of things that happened. Well, we have the answer, my friends. And guess what? Before we get to that answer, Fong Lee wanted to chime in by saying, 'Our corporate strategy is to increase net Bitcoin and Bitcoin per share over time. Rumors otherwise are just rumors.' Because again, a lot of rumors were coming out. A lot of people were saying this, a lot of people were saying that. A lot of bears, you know, who are trying to make $412 every other week from Elon Musk are just basically posting whatever they can post to get a couple eyeballs to their pathetic posts. But at the end of the day, what did Michael Saylor do? He wants us to know that Strategy has acquired 1,550 Bitcoin for $101 million to increase our Bitcoin reserve to 845,256.
We have also increased our USD reserve by a hundred million to $1 billion. They got to that nice round $1 billion for their USD reserve. They're going to keep adding to that by the way. They want to get up to, you know, back up to 2, 3, 4, 5. I mean, I honestly think at some sometime maybe during a super bull market, hey, why not get to 10 years? I mean, you know, part of me is like, that's such a waste because that could be used for Bitcoin, but another part of me is like, if you have 10 years of reserves on an 11.5% yielding product, you are literally guaranteed to at a minimum make your money back and that will just squash any fears that people have about anything. But they probably won't get there and I'm totally fine with that because there's a lot better ways to use your money than building up a 10-year USD reserve for sure. But it's nice to have something there for a lot of reasons. Peace of mind for retail, peace of mind for institutions, and for the credit rating agencies to be like, 'Okay, we can up their credit rating for this specific reason.'
And Zinc says, 'Will you look at that? Strategy announced a 1,550 Bitcoin buy and increased their USD reserve to $1 billion? The stock is up 5.52% in pre-market trading. The obituary for MSTR was written prematurely and Sailor we trust.' Yeah, listen. And Sailor we trust. I mean, there's going to be times when the market feels and looks and sounds like crap, and then there's going to be times when it starts going in the other direction. Period. End of story.
Adam Livingston says, 'The climb back to par for Stretch has begun.' And again, this was in pre-market. Stretch was up 1.668% to $94.97. I actually checked in the current market or sorry the open market which is right now and it was actually over $95 and growing. Who knows where it's at right now when you're watching this but a nice little recovery at least at this moment in time.
Smidstston says, 'Whatever becomes of the Bitcoin cycles going forward, having pinned the business cycle, pinned whether the bubble continue to cease altogether. If you look at this and think Bitcoin is over, you are in for a truly generational fumble. You are literally in for a generational fumble because over time there's one direction that this train is going. They are not stopping this train. There is no stopping this train,' says Lyn Alden. And guess what? They're never stopping to print money. There's no bottom to fiat. That's why there's no top to Bitcoin. Let's flipping go.
And we've got Mark says, 'Today's announcement was credit positive. Strategy announced it has the cash on hand to pay the dividend. I would not be surprised to see Stretch trade back up to par by Friday for some ATM action.' And I would love to see that. It'd be nice to see like by Thursday or Friday we get some ATM, some sweet ATM action.
James says, 'I would be extremely surprised.' You know what? I'm going to actually do a little live time screenshot of this just so I can give the eyeball the surprise eyeball emoji to James if and when the ATM gets hit this week.
Adam says this purchase was slightly dilutive to shareholders. Reminds me of in February when Bitcoin crashed and they did the same thing before, massively increasing Bitcoin yield. This is their Northstar metric and they continue to tell us this. And again, if you look back, you know, they've been down this road before. Here they go. They were slightly dilutive back in February, but then what have they done? They've just continued to rise over time with their Bitcoin gain year to date. They just keep on rocking. And yes, last week we went from 87,754 down to 86,328. So slightly dilutive. Went up from 13% Bitcoin yield year to date down to 12.8%. But you know, Michael Saylor, what is he doing? He is pulling the levers that he wants and needs and believes he needs to pull to make this an overall win for who? Strategy, for the MSTR shareholders and of course for Stretch in general.
Moving forward, we have Adam that says, 'Strategy buys 1,550 Bitcoin and increases its USD reserve to $1 billion. This is strange. I was told the company was going to collapse after selling Bitcoin. It's almost like the MSTR bears, haters, and losers have no idea what they're talking about.' Shocker. And Adam, they are bears. They are haters. They are losers. And they are clueless. And they're going to stay that way. And that's okay. Generational fumble for them.
And you're just going to love this from Strive. I mean, Strive, they just get it. They understand the sentiment. They understand the room. They get it. And they acquired what? 32 Bitcoin this past week for $2.1 million at an average cost of 63,911 per Bitcoin. Why do they do this? Of course, because they get it, because they understand what's happening out there, and they know that Michael sold 32 Bitcoin, so they're like, you know what? We're going to buy 32 Bitcoin. I love it. It's just awesome. We're going to look back in 1, 3, 5 years from now and just be like, remember when the writing was on the wall and very few of us got it, but people like, you know, obviously that listen to MSTR Today, you, all of you people hearing my voice right now, except for maybe one or two of you that for some reason listen to just be haters. But anyways, that's another whole psychological story you're going to have to deal with. But we're going to look back and say it was so obvious the writing was on the wall. We were just having fun in those, you know, unfun moments because again, these are not fun moments. These are bear moments. These are winter moments, but we can still have some fun from here and there and have some light-hearted moments like this and just enjoy them. So, thank you, Matt. Thank you, Strive team, for just getting it and for making this happen.
And Chris says, 'If there's one thing that MSTR has exposed, it's that very, very few people actually care about the truth.' I care about the truth. I try to report on that literally 7 days a week, 365 days per year. Sometimes it ends up being 362 or 363 days per year because I do miss a day or two here or there for various reasons but very few because I care about the truth. If you're listening to this, you care about the truth. Michael Saylor, Fong Lee, Andrew Kang, they care about the truth. Love it.
So, we have a great clip from Michael Saylor coming up when we get back from thanking our sponsors and hang in there.
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Oh, watch out. Someone might ask you your favorite Netflix show. Well, let's do a little bit of a lightning round with some lighter questions. This one seems to be for you, Michael. You often reference history. So, what's the one historical moment that best explains Bitcoin? Or what is your favorite historical era to study?
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Michael Saylor9:58
That's a tall tale, a hard tail. I think the historical moment that best explains Bitcoin is the Great Financial Crisis and Satoshi's posting of the white paper Halloween 2008 and of course the subsequent genesis of the network the following January. I think there's something to be learned from every single historic era. And my advice to anybody is with all of your copious free time, I would find your favorite historian and I would just start reading and I would read the history of the Greeks, Asian histories, Middle East histories, Roman histories, medieval histories. I would read the histories of the Europeans and South America. I'd read the history of the US before the Revolutionary War, after the Revolutionary War. I'd read the history of Europe in the 19th century, then the 20th century. And I think that there's something to be learned. It's humbling. It's invigorating. It's inspirational. It's empowering. I don't think you'll ever regret having gone down the path of reading the story of someone who was as bright as you trying to do their best in the world, struggling through the circumstances in their time period. And when you see how they behaved and how they rose to the occasion, that'll inspire you to be a better person. And it may very well brighten your day and give you the solution to a challenge in your own life.
And don't make the excuse that there's no time. You could read 10 pages a day. You'll end up reading several books a year.
J
JLD11:47
What's the second best?
M
Michael Saylor11:49
There is no second best.