Michael Saylor plays 4D chess.
Not only did Saylor begin as a Bitcoin critic and change to a Bitcoin booster, but he also took a tech company and turned it into the world’s largest Bitcoin treasury. Along the way, he invented the whole idea of crypto treasury.
And along the way, he inspired a host of imitators, including:
Countries – The United States and El Salvador have established Bitcoin reserves.
Companies – Rivals like Metaplanet are playing catch-up to amass as much BTC as possible
Blockchains – Look around now, and you’ll find Ethereum treasuries , Solana treasuries , and even Dogecoin treasuries
💡As of 2025, the company holds approximately 640,031 $BTC, acquired at an average cost in the tens of thousands per coin – far below the current price of $120K.
How did