Saylor: Bitcoin is Digital Economic Energy

Michael Saylor, CEO of Strategy, reinforced his support for Bitcoin on August 23. He called it 'digital economic energy' that allows individuals and institutions to securely control value.

Saylor's company holds approximately 4% of the total Bitcoin supply, with a current valuation exceeding $64.86 billion at the time of writing. This represents a gain of around $1.5 billion over their aggregate acquisition cost of $63.36 billion.

The company uses this concept to justify its Bitcoin holdings as a means to convert economic energy into digital form and bind it securely to entities, rather than relying on traditional currencies or financial systems.