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Crypto

Saylor calls money \'economic energy\' and says bitcoin is best store

Strategy Chairman Michael Saylor described money as \"economic energy\" and argued bitcoin is the most suitable technology to store it, according to Cryptopolitan. In an essay co-written with Robert Breedlove, Saylor defined money as a technology that stores the value of labour and transfers it across time and distance. He said good money must store and move value without loss. He criticised gold and government-issued currencies, while defining bitcoin as digital monetary energy with a fixed supply of 21 million.

Crypto

Bitcoin is capital, USDT is payment, Michael Saylor lays out digital finance infrastructure

Michael Saylor, chairman of Strategy, unveiled a multi-layer \"Digital Finance Stack\" that places bitcoin as digital capital and Tether\'s USDT as a payment method. The plan separates bitcoin\'s role as a volatile reserve asset from USDT\'s role in daily payments and fast transfers. It also includes structured finance products developed by Strategy and a top layer of \"digital equity\" linking the stages into a business model.

Crypto

Strategy sells 6,948 bitcoins this year, testing its \'never sell\' stance

Strategy has sold 6,948 bitcoins so far this year, a shift from its long-running approach of only accumulating the cryptocurrency. The company has used a bitcoin monetisation programme introduced in June to secure funds for dividends, cash reserves and to finance redemption of STRC, a preferred-share-like instrument. Executives have said sales may be possible if they benefit shareholders, while stressing the goal is not to become a net seller.