Michael Saylor Declares Bitcoin ‘Perfected Capital’ – Tells Investors to Dump Bonds and Real Estate

MicroStrategy’s Bitcoin evangelist strikes again—this time with a direct assault on traditional assets. Saylor’s latest pitch? Swap your ‘archaic’ bonds and ‘illiquid’ property for the ‘supreme’ store of value: Bitcoin.

No half-measures here. The message cuts through the noise: outdated portfolios bleed value while digital gold soars. Yet another hedge fund manager clutching pearls somewhere just felt a chill down their spine.

Love it or hate it—Saylor’s all-in bet on crypto keeps rewriting the rules. And Wall Street? Still trying to short the revolution.

Saylor pushes everyone to buy Bitcoin

In his speech, titled “21 Ways to Wealth,” he emphasized that bitcoin stands as the ultimate form of capital.

Saylor also highlighted the critical role of regulatory compliance for companies aiming to thrive in the evolving cryptocurrency landscape.

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.”

Saylor encouraged the audience to build strong conviction, act with courage, and strategically shift their investments.

He added, 

 “Bitcoin is engineered to outperform everything. Take your fiat currency, trade it for bitcoin. Take your long-term capital, trade it for bitcoin. Sell your bonds, trade [them] for Bitcoin. Sell your inferior equity, sell your inferior real estate property, buy Bitcoin.”

What’s behind his motivation?

Moreover, Saylor emphasized the value of equity as a path to wealth, explaining that sharing opportunities with investors who share the risk can significantly boost growth. 

He cited Metaplanet’s rise from $10 million to a $5 billion market cap through equity partnerships.

At the conference, he also rejected calls for his company, Strategy, to disclose proof of reserves for its Bitcoin holdings, labeling the practice as a ‘bad idea’ that poses security risks.

That being said, an intriguing development has emerged amid the ongoing proof-of-reserve debate sparked by Michael Saylor’s remarks.

Strategy’s actual Bitcoin holdings

Following this, Arkham Intelligence, an on-chain analytics firm, has reportedly traced wallets linked to Strategy’s Bitcoin holdings, successfully identifying 97% of the company’s total stash of 580,250 BTC.

In an X (formerly Twitter) post, Arkham Intelligence announced,

“WE’VE IDENTIFIED EVEN MORE OF SAYLOR’S BTC – 97% OF ALL HOLDINGS.”

It added, 

“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.”

After uncovering an additional 70,816 BTC, the total amount traced now stands at approximately $54.5 billion.

This advancement moves Arkham closer to delivering an open and transparent proof of reserves for the company’s Bitcoin assets.

Their explorer reveals that over 454,000 BTC are held in segregated custody, while around 107,000 BTC remain under Fidelity’s omnibus custody and are not visible on the platform. 

The community stands disappointed

However, this move was highly disregarded by the crypto community, as noted by an X user who said, 

“The positive to this shows Saylor does actually have the bitcoin. The downside you now set the market up for a nice black swan in 2 years.”

Echoing similar sentiments, another user said, 

Source: MadPunk/X

This coincided with Strategy expanding its Bitcoin portfolio by acquiring an additional 4,020 BTC for around $427.1 million, bringing its total holdings to an impressive 580,250 BTC.

While all this was happening, Bitcoin’s price experienced fluctuations, dipping to $105,205.19 with a 2.94% decline over 24 hours, before recovering slightly to $370.63 following a 1.75% increase, according to Google Finance.