At the Bitcoin 2025 conference in Las Vegas, Michael Saylor, co-founder and executive chairman of Strategy (formerly MicroStrategy), delivered a powerful message to investors: stay dedicated to Bitcoin (BTC). In his keynote speech titled “21 Ways to Wealth,” Saylor positioned Bitcoin as the ultimate form of capital and urged investors to shift their assets strategically toward the leading cryptocurrency.
Discussing the Future of Bitcoin and @Strategy at Bitcoin 2025 pic.twitter.com/Vp465poZtA
— Michael Saylor (@saylor) May 29, 2025
Saylor’s Strong Case for Bitcoin as Superior Capital
Saylor stressed that Bitcoin is engineered to outperform all other assets. He encouraged investors to convert their fiat currency, bonds, equities, and even real estate into Bitcoin, calling it “perfected capital.” Highlighting the inevitability of AI-driven programmable capital, he said, “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.”
His speech urged bold conviction and a strategic approach to investment, emphasizing regulatory compliance as essential for companies in the evolving crypto ecosystem.
Proof of Reserves Debate and Strategy’s Bitcoin Holdings
Saylor rejected calls for Strategy to disclose proof of reserves for its Bitcoin holdings, calling the practice risky. However, Arkham Intelligence, a blockchain analytics firm, has tracked 97% of Strategy’s Bitcoin stash, estimated at 580,250 BTC—worth roughly $60 billion. This discovery brought transparency to Saylor’s holdings despite his company’s reluctance.
Arkham’s data shows that over 454,000 BTC are held in segregated custody, with about 107,000 BTC under Fidelity’s omnibus custody, not publicly visible. This traceability pushes the conversation forward on proof of reserves, though some in the crypto community worry about potential market impacts.
BREAKING: WE’VE IDENTIFIED EVEN MORE OF SAYLOR’S BTC – 97% OF ALL HOLDINGS
— Arkham (@arkham) May 29, 2025
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.
We are the first to publicly identify these holdings. pic.twitter.com/uPTxcU9mR2
Community Reactions and Market Impact
While Arkham’s findings confirmed Saylor’s massive Bitcoin holdings, some community members voiced concerns. One user warned about a potential “black swan” event due to the size of the holdings, signaling risks if Strategy ever liquidates its position abruptly.
Also Read: MicroStrategy Adds $1.34 Billion in Bitcoin, Strengthening Its Dominance with 568,840 BTC
Meanwhile, Strategy increased its BTC portfolio by acquiring 4,020 BTC for approximately $427.1 million, expanding its holdings further. Bitcoin’s price reacted with fluctuations—dropping to $105,205.19 with a 2.94% decline before slightly recovering, reflecting ongoing market volatility tied to major institutional movements.
Michael Saylor’s bullish stance and the unfolding proof-of-reserve debate underline the ongoing significance of Bitcoin as a store of value in 2025. Investors and the wider crypto community continue to watch Strategy’s moves closely as Bitcoin navigates its next chapter.
Disclaimer: The information in this article is for general purposes only and does not constitute financial advice. The author’s views are personal and may not reflect the views of Chain Affairs. Before making any investment decisions, you should always conduct your own research. Chain Affairs is not responsible for any financial losses
I’m a crypto enthusiast with a background in finance. I’m fascinated by the potential of crypto to disrupt traditional financial systems. I’m always on the lookout for new and innovative projects in the space. I believe that crypto has the potential to create a more equitable and inclusive financial system.
