Michael Saylor, executive chairman of Strategy, describes Bitcoin as « digital capital » and a potential new global reserve asset. The firm argues Bitcoin combines traditional asset qualities like scarcity, portability, divisibility, and global liquidity, positioning it as a store of value rather than a replacement for the dollar or banks. Historical returns through September 4, 2026 show +97.7% over one year and +1,301.7% over four years, but with extreme volatility including a worst one-year loss of 83.6% and historical maximum drawdown of 93.1%. Strategy sold 6,916 BTC in 2026 alone before buying 4,603 BTC on August 31st. Bitcoin trades at $77,106 with 22% monthly gains but faces pressure from short-term selling despite three consecutive weeks of Spot ETF inflows. According to CryptoQuant, investor sentiment has shifted from FOMO to loss aversion.
Source: Read the original article
