Michael Saylor

Bitcoin Capital Markets require a new financial language. We have refined our metrics to measure Bitcoin, Digital Credit, and Digital Equity with greater precision. Net BTC, Net BPS, BTC Hurdle ARR, BTC Floor ARR, and more are now live at https://t.co/uGbtzwJ4Pu.

Bitcoin’s security is a shared responsibility. Today we are launching the Bitcoin Security Consortium, backed by $15 million in commitments to support the developers and researchers strengthening Bitcoin for the decades ahead. https://t.co/J2VbkgJRZm

The impulse to change Bitcoin’s rules merely to prevent others from using Bitcoin in ways you disapprove of is statist and alien to a community rooted in liberty, property rights, free markets, natural law, and Austrian economics. BIP 110 would impose monetary purity by fiat.

Strategy has increased its USD Reserve by $225 million. As of 7/19/2026, we hodl ₿843,775 in our BTC Reserve and $3.2 billion in our USD Reserve. $MSTR $STRC https://t.co/sci7bZHzsy

What's next? https://t.co/bNl0xX0obw

Many Bitcoiners I respect support BIP 110. I understand and share their desire to protect Bitcoin, but believe the proposed cure is more dangerous than the condition. Here are 110 reasons why Bitcoin needs guardians of neutrality.

Companies enable people to organize under law around a shared mission with greater efficiency, transparency, creditworthiness, scale, resilience, and continuity. For Bitcoin to succeed as a global monetary network, corporate adoption is necessary, inevitable, and welcome.

Fiat currency is the problem. Companies, institutions, securities, and technologies that strengthen Bitcoin are part of the solution. We can debate ideas without mistaking allies for enemies.

Stretch your income. $STRC https://t.co/A0Hv8asCo3

People keep giving me advice. https://t.co/AJQlCaFG20

Currently, $MSTR matches $IBIT at a 1.0x BTC Rating, with the added upside of our Digital Credit business. Our most senior Digital Credit security, $STRF, stands at 11.0x. https://t.co/geRs07dbpw

BIP 110: Bitcoin Iatrogenic Proposal.

Our goal is clear: return $STRC to par.

Last call.

Bitcoin is Digital Capital. Strategy transforms it into Digital Credit. $BTC https://t.co/aeJmWpCWIl

We have introduced the Bitcoin Banking Adoption Index. Major-bank Bitcoin adoption is accelerating, but still early: 32% overall as measured by the index. $BTC

Strategy has increased its USD Reserve by $450 million. As of 7/12/2026, we hodl ₿843,775 in our BTC Reserves and $3.0 billion in our USD Reserves. $MSTR $STRC https://t.co/OdFbjLuCTP

In Bitcoin, influence is earned through work, not ambition. Those who contribute money, utility, and power to the network shape its future.

Orange dots tell only part of the story. https://t.co/HFZd2z7fus

There are 110 things more dangerous to Bitcoin than spam. BIP 110 turns a spam dispute into a consensus change that would invalidate some currently valid, fee-paying transactions. That precedent is the danger. We should save our energy for threats that really matter. $BTC

The Right to ₿ear Arms. $BTC https://t.co/kJ7qoeOwhY

I joined @kornelijalaura at the @xapobankapp Conference in London on July 1 for a fireside chat on Bitcoin as Digital Capital, the emergence of Digital Credit, and the path to Bitcoin-backed Digital Money. Fix the money, fix the world. $BTC 00:42 — Bitcoin below $60K and the mission: “Fix the money, fix the world” 01:27 — Bitcoin as the dominant Digital Capital network and the next great digital transformation 02:55 — Bitcoin Dominance approaching 69–70% and why “the flippening” debate is over 04:21 — The next layers: Digital Credit and Digital Money built on Bitcoin 06:56 — Strategy as an institutional gateway: attracting $64–65B into Bitc…

Digital Credit is transparent because the principal market risk factor is Bitcoin, an observable, homogeneous asset. Analysts can assess BTC-related credit risk continuously, and investors can apply their own statistical models to inform valuation and trading decisions. $STRC https://t.co/6Xo63MEmeM We have published our own credit model, allowing anyone to input BTC price, volatility, and ARR assumptions to evaluate model-implied BTC Risk, BTC Credit spreads, BTC Years of Dividends, and BTC Breakeven ARR. https://t.co/uTlyGWcQWW

After a decade of blockspace fears and non-monetary-use panics, Bitcoin still has no spam problem. Fees are 1 sat/vB: anyone can move any amount globally with immediate processing for ~$0.30. The free market has always solved Bitcoin’s blockspace challenges. $BTC https://t.co/EpHk6p7A6D

$BTC is Digital Capital. $STRC is Digital Credit. $MSTR is Digital Equity. Different instruments for different investors. One Bitcoin Strategy.

One of the most misunderstood $MSTR metrics is BTC Breakeven ARR. If BTC appreciates faster than 3.3% over time, BTC capital gains can fund $STRC dividends indefinitely.

Strategy has sold 3,588 $BTC for $216 million to fund dividends on our Digital Credit securities. As of 7/5/2026, we hodl ₿843,775 in our BTC Reserves and $2.55 billion in our USD Reserves. https://t.co/Cssgz29Psj These were the Q2 quarterly dividends on $STRF, $STRE, $STRK, and $STRD, and the full monthly dividend for June on $STRC.

Bitcoin will evolve by changing less at the protocol layer and mattering more everywhere else. The base layer will harden. The capital markets will deepen. Digital Credit will expand. The world will build on Bitcoin. $BTC

Bitcoin is Digital Energy. https://t.co/6j1RasOjs5

Hard consensus is Bitcoin’s immune system. Fees price block space. Nodes set policy. Miners build blocks. Holders allocate capital. Protocol changes must earn overwhelming alignment, so bad ideas fail before becoming iatrogenic protocol changes. $BTC