Michael Saylor touts Bitcoin as 'perfected capital,' highlights equity strategy in Vegas speech

Michael Saylor, co-founder and executive chairman of Strategy, urged investors to remain committed to Bitcoin, and noted the importance of market compliance for companies seeking to capitalize on the world's largest cryptocurrency.

In a speech titled "21 ways to wealth" at Bitcoin 2025 conference in Las Vegas on Thursday, Saylor claimed that Bitcoin represents the ultimate form of capital.

"Every thoughtful individual everywhere in the world is going to want perfected capital," he said. "Every one of your enemies is going to want incorruptible capital, and all of the AIs are going to want programmable capital."

Saylor also urged listeners to develop conviction and courage, and encouraged them to reallocate their capital. “Bitcoin is engineered to outperform everything,” he said. "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."

Another way to wealth is through "equity," Saylor said. "It means share your opportunity with investors willing to share your risk. A company can do this. An individual cannot do this. Metaplanet has done this. Metaplanet went from $10 million to a $5 billion market cap with the partnership of their equity investors," he added.

Following in the footsteps of Strategy, Japan's Metaplanet began adopting Bitcoin accumulation strategy in April 2024 and currently holds roughly 7,800 BTC. Strategy, the world's largest corporate holder of Bitcoin, announced earlier this week that it purchased an additional 4,020 BTC, increasing its total holdings to 580,250 BTC.

Saylor also addressed the significance of compliance in his Thursday speech. "You should create the best company you can create within the rules of your market," he said.

"While compliance sounds like a difficult word, if you create a company and you understand the rules of the road and the market you function in, you can create a special, very productive enterprise. And then you can use the power of that enterprise in order to raise capital, invest in Bitcoin, and create wealth," Saylor added.