Michael Saylor published a text on August 24 titled ‘The Bitcoin Reformation’ repositioning Bitcoin as a fundamental building block of global digital capital rather than simply peer-to-peer electronic cash. His company Strategy sold over 100 million dollars worth of bitcoins in early August to fund dividend obligations, despite previously claiming it would never sell its reserves. Strategy still holds over 840,000 bitcoins, the largest corporate reserve in the world. Saylor describes Bitcoin now accessible through spot ETFs, bonds, preferred shares and derivative products, signaling growing integration into traditional finance. This shift contrasts with his earlier stance as a defender of self-custody and his recent opposition to BIP-110, a protocol modification proposal.
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