Skip to content

person

Michael Saylor

Co-founder and executive chairman of Strategy (formerly MicroStrategy), who pivoted the company into a large-scale corporate bitcoin treasury strategy.

Known aliases

  • Saylor

Relationships

No evidence-backed relationships are recorded.

Current stories

invest1 publisher

Saylor Argues Digital Credit Issuers Strengthen Each Other as Smarter Web Advances MORE Preferred Share

Smarter Web Company plans to raise £15 million to £25 million with MORE, the first preferred share from a UK corporate Bitcoin holder, pending FCA approval. How much it raises, and at what dividend, is an early check on Michael Saylor's claim that Bitcoin-backed credit issuers enlarge each other's market.

Reality

Evidence40
Adoption15
Hype gap+45
Incentives70
Confidence40
invest3 publishers

Strategy put more money into buying back STRC preferred than into bitcoin last week

Strategy spent $151.7 million retiring STRC preferred in the week to September 27, more than the $142.7 million it paid for 1,665 bitcoin. MSTR stock sales paid for most of both, so common shareholders are now paying to shrink the company's preferred stock.

Perspective Coverage

3 publishers
Builder
Builder 5%
Operator
Operator 28%
Investor
Investor 67%

Reality

Evidence80
Adoption
Insufficient
Hype gap+5
Incentives60
Confidence78
invest6 publishers

Strategy resumes buying on a cash pile equal to half its unrealised bitcoin gain

A ten-week gap in purchases produced a $1.59bn dollar reserve, and the roughly 3,588 coins sold in July to meet dividend obligations show where cash has to come from when the asset on the balance sheet pays none.

Perspective Coverage

6 publishers
Builder
Builder 6%
Operator
Operator 22%
Investor
Investor 72%

Reality

Evidence55
Adoption50
Hype gap+15
Incentives55
Confidence60
invest3 publishers

Strategy's $139 million preferred buyback captured about $2.7 million of discount to par

Strategy's second straight week of buying its own preferreds cost $139.3 million and captured roughly $2.74 million of discount to the $100 stated value. The cash pool that funded it held $1.30 billion on September 13.

Perspective Coverage

3 publishers
Builder
Builder 3%
Operator
Operator 17%
Investor
Investor 80%

Reality

Evidence72
Adoption
Insufficient
Hype gap+15
Incentives55
Confidence70
invest4 publishers

Strategy's $6.69B in dollars came from selling stock, not selling bitcoin

A $1.59 billion discretionary pool now sits beside a $5.10 billion escrow for dividends and interest. Both were filled with equity, which moves the solvency question off the coin price.

Perspective Coverage

4 publishers
Builder
Builder 5%
Operator
Operator 23%
Investor
Investor 72%

Reality

Evidence82
Adoption79
Hype gap+16
Incentives72
Confidence76
invest4 publishers

Metaplanet buys a Nasdaq listing with 2,100 of its own bitcoin, and writes a template

The Tokyo-listed treasury firm is committing about $134.6 million in coins and cash for 95.7% of Super League. Shareholders and regulators in two countries still have to sign off.

Perspective Coverage

4 publishers
Builder
Builder 8%
Operator
Operator 25%
Investor
Investor 67%

Reality

Evidence74
Adoption26
Hype gap+27
Incentives68
Confidence66

Earlier coverage

  1. Strategy sold $333.7M of stock to pay its preferred holders, not to buy bitcoin

    Invest · August 17, 2026 · 1 publisher

  2. MSCI's neutral-sounding screen still ejects Strategy, and the premium now sits with a committee

    Invest · August 15, 2026 · 1 publisher

  3. MSCI puts a date on treasury-company selling: October 16 decision, November 2026 review

    Invest · August 14, 2026 · 1 publisher