*Bitcoin’s price doubled over the past year – rising from around $58K in mid-2024 to above $118K in July 2025 – and is now shattering previous records . This milestone marks a historic rally for the world’s largest cryptocurrency, which has soared to all-time highs well beyond its 2021 peak. Investors and analysts point to a confluence of factors fueling Bitcoin’s summer surge, from institutional FOMO and crypto-friendly policies to macroeconomic tailwinds and a renewed *“digital gold” narrative. 

Surging Institutional and Corporate Investment

Big-money investors are piling into Bitcoin in unprecedented ways, lending significant momentum to the rally. Institutional demand has skyrocketed, with major banks, asset managers, hedge funds, and even corporations buying up BTC as a strategic asset. Crypto analysts note “strong inflows into ETFs” and “relentless corporate adoption” as key drivers of the breakout . In fact, U.S.-listed spot Bitcoin ETFs saw over $510 million of net inflows in just one week recently , reflecting robust appetite from traditional market players. At the same time, at least 21 companies have announced plans to add a combined $3.5 billion worth of BTC to their treasuries, signaling long-term confidence in Bitcoin’s value .

Companies like MicroStrategy (“Strategy”) now hold hundreds of thousands of BTC, effectively acting as “de facto ETFs” before such products were widely available . This wave of corporate accumulation is “continuing to pick up momentum across all sectors and geographic regions,” creating a virtuous cycle of rising prices begetting further institutional buying . As one portfolio strategist put it, “BTC is no longer a speculative bet—it’s a calculated macro hedge,” and even tech-focused firms and high-net-worth individuals are jumping on board . With Bitcoin’s market cap now topping $2.3 trillion and the asset seen as more accessible, “almost every capital allocator on the planet can put on exposure” now . In short, Wall Street and corporate treasuries are embracing Bitcoin like never before, significantly boosting demand and liquidity.

Crypto-Friendly Policies and Regulatory Tailwinds

Shifting regulations and government attitudes in favor of crypto have given Bitcoin a major boost. In the U.S., the new administration under President Trump has adopted a decidedly pro-crypto stance, implementing policies that “opened pools of capital to the sector” . Notably, in March 2025 President Trump signed an executive order to establish a U.S. strategic Bitcoin reserve – “a virtual Fort Knox for digital gold” – marking the first time Bitcoin is being considered for sovereign reserves . “When a sitting administration is weighing bitcoin as part of sovereign reserves, that reshapes the global risk framework… it forces others – institutions and governments alike – to act,” observes Nigel Green, CEO of deVere Group . This endorsement from the world’s largest economy has profoundly legitimized Bitcoin in the eyes of investors .

At the same time, the prospect (and reality) of regulated investment vehicles has spurred optimism. Major firms are launching crypto products – for example, Trump’s own media group filed to launch a “crypto blue-chip” ETF holding Bitcoin and other top coins . Several Bitcoin spot ETFs have either been approved or are on the cusp of approval, making it easier for institutions and retirement funds to get exposure. BlackRock’s popular iShares Bitcoin Trust ETF has even outperformed the firm’s flagship S&P 500 fund recently , underscoring surging demand for Bitcoin-based investment products. Overall, clearer regulations (such as efforts to define crypto in legislation and the repeal of onerous tax rules on crypto brokers) and government signals of support have reduced uncertainty. This favorable regulatory climate is frequently cited as a pillar of the rally , giving large investors the green light to enter the market aggressively.

Macroeconomic Trends: Inflation Hedge and Safe-Haven Appeal

Bitcoin’s breakout is also intertwined with broader macroeconomic forces. Around the world, investors are seeking hedges against inflation, currency weakness, and geopolitical uncertainty, and Bitcoin is increasingly viewed as a reliable option. Even as inflation in the U.S. has cooled in 2025, massive government debt and loose fiscal policies fuel long-term fears of currency debasement . “Countries continue to print fiat at unsustainable rates, so people will find alternative ways to store value,” explains one crypto entrepreneur, noting that Bitcoin now “competes as a better version of gold” as a store of value . With its provably finite supply (capped at 21 million BTC) and the recent 2024 halving cutting new issuance, Bitcoin carries a built-in scarcity that bolsters its appeal as “digital gold”. Indeed, as traditional safe havens like gold stagnate, Bitcoin is increasingly being adopted as a macro hedge by everyone from high-net-worth individuals to sovereign wealth funds .

Global market jitters in 2025 have only added to Bitcoin’s allure. In April, President Trump’s surprise announcement of sweeping trade tariffs – dubbed “Liberation Day” – rattled stock markets but ignited a Bitcoin uptrend, driving BTC from the ~$70K range to nearly $120K today . Heightened geopolitical tensions and recession worries have many investors rotating into Bitcoin as a safe-haven asset akin to gold . “As trade tensions flare and altcoins stumble, institutions are treating BTC as a macro hedge and a maturing asset class,” observes Roshan Roberts, CEO of OKX US . Even the U.S. dollar’s fluctuations play a role: the dollar index has weakened from its highs, which indirectly boosts USD-denominated Bitcoin prices and reinforces the narrative of Bitcoin as a hedge against dollar weakness . Furthermore, speculation that the U.S. Federal Reserve may pivot to rate cuts (amid political pressure from Trump for steep cuts ) has created a risk-on sentiment in markets, helping both tech stocks and crypto. In essence, Bitcoin is benefiting from a “perfect storm” of macro factors – it’s seen as hard money in an era of easy money and a safe harbor in uncertain times.

Market Momentum, Sentiment, and Technological Factors

Beyond institutions and macro trends, market sentiment around Bitcoin has turned decisively bullish this summer. Unlike the frenzy of 2017 or 2021, the current rally appears more measured and resilient. Bitcoin spent much of the spring consolidating in a relatively tight range around $100K – a period of low volatility that analysts say signaled growing maturity. “For an asset once defined by volatility, this price consolidation over a significant period shows that Bitcoin is maturing,” notes Gadi Chait of Xapo Bank . Such stability set the stage for a “full-blown surge” to record highs in recent weeks . Importantly, exuberant retail speculation remains in check – by some metrics, retail traders were even net short during the rally – implying that institutional “smart money” is driving the move. “In previous cycles, we had retail euphoria, but not so much this time,” one CoinDesk analyst observed, pointing out that many technical indicators (like trading volume and RSI) have not gone haywire despite the price spike . This suggests a healthier growth pattern fueled by fundamentals rather than mania. “This cycle is being driven by fundamentals, not hype,” agrees crypto economist Laila Mahdi, noting that Bitcoin’s climb toward $120K is underpinned by “global asset reallocation, not meme-fueled speculation.”

Technical and industry developments have also reinforced confidence. The 2024 Bitcoin halving – which halved the block reward and reduced Bitcoin’s inflation rate – is now “in the rearview mirror,” introducing supply-side pressure that supports long-term bullish trends . Meanwhile, the Bitcoin network’s growing infrastructure and upgrades (from scaling solutions like the Lightning Network to improved custody and trading platforms) make it easier and safer to adopt BTC at scale. Even the tech boom in adjacent fields like artificial intelligence has spilled over into crypto: analysts cite an “AI infrastructure boom” lifting tech stocks and “indirectly lifting Bitcoin” as investors bet on the digital future . The result is a rising perception of Bitcoin as a “class of its own” – a unique asset blending tech innovation with monetary properties. As one industry CEO summed up: “Bitcoin is showing why it’s in a class of its own… institutions are increasingly viewing Bitcoin as a tool to protect against inflation and geopolitical instability.”

Momentum has clearly been on Bitcoin’s side. When BTC breached its old highs, it triggered a wave of short liquidations – over $950 million of bearish positions were wiped out in a single day – further propelling the price upward in a classic squeeze. Market liquidity is somewhat thin in the summer, which has allowed prices to “gap” up quickly as buying pressure mounts . Still, sentiment remains upbeat. Prediction markets and analysts are already eyeing higher targets (many bet on $140K+ by year’s end given the current trajectory ), and options positioning shows bullish bias with far more call bets than puts . Each new milestone is feeding a sense that Bitcoin’s late-2020s bull cycle is in full swing, backed by serious capital and conviction. As Anthony Pompliano noted, Bitcoin seemingly “becomes less risky as it grows in size” and integrates into the mainstream financial system – a positive feedback loop that today is on full display.

Conclusion: A New Era for Bitcoin

Bitcoin’s record run in July 2025 is no fluke – it’s the product of multiple converging tailwinds. Institutional adoption, from Wall Street funds to Fortune 500 balance sheets, is giving Bitcoin a seal of approval and billions in fresh inflows. Regulatory winds have shifted to Bitcoin’s back, with governments and financial authorities warming up to crypto or even participating in it, dramatically boosting market legitimacy . At the same time, macroeconomic conditions – high debt, potential inflation, and global uncertainty – are highlighting Bitcoin’s appeal as hard, independent money in a fiat-driven world . Add in the post-halving supply squeeze, continuous tech improvements, and broadly bullish sentiment, and it’s clear why Bitcoin is smashing records.

Experts generally agree the current surge has more substance than past speculative spikes. “This rally is being supported by global asset reallocation, not just hype,” as one economist noted . Bitcoin has matured into a mainstream asset class, often compared to gold but with higher growth potential – a status underscored by its summer 2025 performance. While short-term volatility and corrections are always possible (and healthy), many analysts see the recent all-time highs as a stepping stone rather than an endpoint. “Passing the $120K threshold could mean the token is on its way to $150K,” Fast Company observed, though cautioning that nothing is guaranteed . For now, Bitcoin’s trajectory looks upbeat and robust, fueled by big players, supportive policy, and a recognition of its unique value proposition. In the words of one market strategist, “Bitcoin’s breakout is a clear signal that crypto markets are entering a new phase of maturity”, with $120K “not the ceiling – it might just be the floor for Bitcoin’s next chapter” .

Sources: Bitcoin price analysis and expert commentary from Fast Company , TechCrunch , CryptoBriefing , Reuters , CoinDesk , The Independent , and other financial news outlets.

(អត្ថបទបែបរំភើប ឆ្លៀតឃ្លាំង បន្លឺថាមពល ដោយវិញ្ញាណ “Eric Kim” មកដល់អតិបរមា!)

០. បើកភ្នែករបស់អ្នកឡើង!

ខ្លាំងលឺសូរ អេឡិចត្រូនិច នោះឬ?

អ្វីនោះគឺ ជាការជឿជាក់ ក្នុងរូបភាពសុទ្ធ។

Michael Saylor មើលឃើញព្យុះ— ការៈភាពរុញច្រានរបស់ភាទ និងជំងឺ រូបិយប័ណ្ណ— ហើយបានធ្វើអ្វីតែមួយដែលមានហេតុផល៖ គេជិះទៅក្នុងវា។

ការប៉ុនប៉ងដ៏ក្លាហាន ឆ្លងឆ្លើយបានឆ្លងទៅកាន់អ្នក។ ចាប់ភ្លើងនោះឲ្យបាន!

១. ជឿជាក់លើ “ហេតុអ្វី” ធំ ៗ ដែលធ្វើឲ្យមនុស្សធម្មតាភ័យខ្លាច

“អត្ថន័យនៃជីវិត គឺត្រូវរកមូលហេតុមួយធំដុះសំឡេង ដូចជាក្តីសុបិន់ ឲ្យមនុស្សទៀងទាត់ខូចខាតព្រួយភ័យ។”

សម្រាប់ Saylor “ហេតុអ្វី” នោះគឺ Bitcoin ជាថាមពលឌីជីថល— មកជាករណីអស្ចារ្យដែលរក្សាទុក កិច្ចហត់ន័របស់មនុស្សឲ្យប្រែជាទ្រព្យលើកាលៈទេសៈជាយូរ។

គាត់បានចេញក្រដាស សរសេរ ឈ្មោះ និងផ្សព្វផ្សាយវា។

មេរៀន៖ ភ្ជាប់ខ្លួនអ្នកទៅនឹងគំនិតមួយដ៏ធំសន្ធឹកសន្ធាប់ ឲ្យវាឡើងលើអហំនរិទ្ធរបស់អ្នក។

២. បម្លែងតុល្យបញ្ជីលុយឲ្យក្លាយជាអាវុធការពារ

ខណៈដែលទីផ្សារព្រួយបារម្ភ, Saylor បំលែងទ្រព្យសម្បត្តិរបស់ MicroStrategy ៖ ដុល្លារ ➜ ឥណទាន ➜ ₿itcoin។

អ្នករិះគន់ដេញទទួល; ប្រវត្តិសាស្ត្រលិខិតពន្យល់ដោយការប្រាក់បូកបន្ថែម។

ជំហាននេះគឺជាការទល់ខ្លួនផ្នែកហិរញ្ញវត្ថុ និងការប្រកាសទស្សនៈដ៏ជ្រាលជ្រៅ៖

1. ការការពារ: ទប់ស្កាត់ការកក់ក្តៅរូបិយប័ណ្ណដុល្លារ។
2. ការវាយលុក: ប្រើប្រាស់ភាពកម្រដើម្បីបង្កើនតម្លៃ។
3. សញ្ញាសម្គាល់: បង្ហាញពិភពលោកថា អ្វីកើតឡើងពេលដែលប្រើប្រាស់ការទទួលខុសត្រូវដល់កម្រិតអតិបរិមា។

ខ្លឹមសារ ដ៏ចំរូងចំរាសសម្រាប់អ្នក៖ ចំណាយធនធាននៅកន្លែងដែលមាត់របស់អ្នកបាននិយាយរួចហើយ។

៣. លេងហ្គេមអវកាសអនន្ត

ចំណូលត្រីមាស? គ្រាប់បែកតូចៗ។

ព័ត៌មាន FUD ប្រចាំថ្ងៃ? សំឡេងរំខាន។

Saylor ពង្រីកមើល— ទសវត្សរ៍ សតវត្ស រហូតដល់កាលនៃពិភពលោក។

ក្នុងហ្គេមអនន្ត មិនមានពិន្ទុចុងក្រោយទេ មានតែ សមត្ថភាពអស់កម្លាំង។

ដាក់វ៉ែនតានេះ៖ ការសម្រេចចិត្តនេះ ខ្សោយ ឬ ជាវិន្នហ?

៤. អ្នកប្លែកគេ តែងតែខានមនុស្ស— ហើយវាមិនអីទេ!

របៀបថ្មីពិតៗ ចាប់ផ្តើមដូចជាការលើកលែង។

ឆ្នាំ 2000: Saylor tiên đoán ទូរស័ព្ទចល័ត; អ្នកវិភាគជាច្រើនសើច។

ឆ្នាំ 2020: Saylor ដាក់ភាគហ៊ុនទាំងស្រុងលើ Bitcoin; អ្នកវិភាគភ្ញាក់ផ្អើល។

ឆ្នាំ 2025: អ្នក កំពុងអានអត្ថបទនេះ។

ទស្សនៈ៖ ក្រោយពេលដែលមនុស្សគ្រប់គ្នាឲ្យក្បាល យើងតែលង់នៅក្រោយ។

៥. សកម្មភាពតែងឈ្នះការវិភាគ

មន្ត្រី Eric Kim — “JUST SHOOT IT.”

Saylor — “BUY THE VOLTAGE.”

មិនថាយ៉ាងណា ការគិតដោយគ្មានចលនា គឺជាអន្តរាក្ស។

ដូច្នេះ៖

• សរសេរសារ ត្វីត។
• ផ្ញើកូដ។
• ស្ទាកស្ថិតិ— ឬស្ទាក SATs។
• ចលនា!

៦. លំហាត់អនុវត្តបែប Saylor

1. សរសេរភាសិតមួយប្រយោគ សម្រាប់បេសកកម្មជីវិត។ ហាត់ពោលវាជូនកញ្ចក់។
2. បំបែក 1 % នៃអ្វីដែលអ្នកសន្សំ (ពេល, ប្រាក់, ការយកចិត្តដាក់) ទៅកាន់ភាសិតរបស់អ្នក— ថ្ងៃនេះតែប៉ុណ្ណោះ។
3. កំណត់តារាងត្រួតពិនិត្យក្នុង 30 ឆ្នាំ។ សម្គាល់លើប្រតិទិន។ គិតឆ្ងាយបែបនេះ; មនុស្សភាគច្រើនមិនធ្វើ។
4. បង្កើនអន្តីកម្លាំង (Antifragility). រៀងរាល់ខែ ធ្វើរឿងមួយដែលធំពេលវត្ថុចលនា។

៧. អพรផងចុងក្រោយ

Michael Saylor មិនមែនជាព្រះតាមនិយមរប្បធម៌នោះទេ— តែនិមិត្តសញ្ញាមានអត្ថន័យ។

យើងធ្វើព្រះនិក្ខង្សដល់ភាពក្លាហាន ដើម្បីរំឭើយខ្លួនឯង អំពីអ្វីដែលអាចកើតឡើង នៅពេលដែលភ័យខ្លាចត្រូវបានចាប់ហើយចក្ខុវិស័យត្រូវបានដោះសោ។

ដូច្នេះ សូមកោត គេចចាប់យកជឿជាក់ខ្ពស់ អាកាសវិចារ មិនស្មើ បាញ់សំណួរ “ហេតុអ្វីទៅបាន?”

ចេញទៅ! ខិតខំគិតធំ។ សន្សំរឹង។ បង្កើតស្រែកឮ។

ក្លាយជាព្រះក្នុងដែនប្រតិបត្តិរបស់អ្នក។

— វិធី Eric‑Kim, សម្រេចបញ្ចប់!

(មិនមែនជាអនុសាសន៍វិនិយោគទេ; សូមស្រាវជ្រាវដោយខ្លួនឯង។ ប៉ុន្តែធ្វើវាជាមួយភ្លើងហ្គាស!)

Unparalleled Bitcoin Exposure in a Public Company

MicroStrategy (now rebranded simply as “Strategy”) has transformed itself from a business analytics firm into the world’s largest corporate Bitcoin holder . The company’s balance sheet boasts an astounding stash of roughly 597,325 BTC, acquired over the past few years. At current Bitcoin prices, this hoard is worth on the order of $65–70 billion – dwarfing the value of its legacy software business. To put this in perspective, MicroStrategy’s cache of Bitcoin represents about 2.8% of all Bitcoin that will ever exist , making its stock almost a direct proxy for Bitcoin itself. Investors who buy MSTR shares are essentially buying into a vault of Bitcoin on the public markets, managed by one of Bitcoin’s most fervent champions, Michael Saylor.

Key Bitcoin Metrics of MicroStrategy:

• Total BTC Held: 597,325 Bitcoin (the largest holding of any public company)
• Average Purchase Price: ~$70,982 per BTC 
• Total Cost Basis: ~$42 billion (capital invested to acquire Bitcoin) 
• Current Market Value: ~$64–70 billion (depending on BTC price) 
• Unrealized Gain: Over $21–28 billion in paper profit (and growing) 

These figures are staggering. MicroStrategy’s bold bet means that nearly all of its corporate value is tied to Bitcoin’s fortunes. In fact, the company explicitly recast itself as a “Bitcoin treasury” and “Bitcoin development” company in 2025, underscoring that its stock market valuation now rises and falls with the price of BTC . This singular focus is exactly why many bullish investors see MSTR as an “obvious bet” – a high-conviction, high-upside play on Bitcoin’s long-term growth.

A Bold Bitcoin Acquisition Strategy

From the outset of its Bitcoin strategy in August 2020, MicroStrategy took an aggressive “buy and hold forever” approach. The company systematically poured virtually all excess cash into Bitcoin, then went even further – leveraging its own stock and debt capacity to buy more. MicroStrategy has used a mix of funding methods to amass its holdings : issuing convertible bonds and high-yield notes, selling new shares via at-the-market (ATM) equity programs, and even creating new preferred stock classes (ticker symbols STRK and STRF) that pay an 8% dividend to raise cash for Bitcoin buys . This financial engineering has one purpose – maximizing the Bitcoin on its balance sheet as fast as possible.

Executive Chairman Michael Saylor’s philosophy is that Bitcoin is the ultimate long-term asset. He has famously stated he has “no intention of ever selling” the company’s Bitcoin , instead treating it as a perpetual treasury reserve. Saylor even joked that “the halls of eternity echo with the cries of those who sold their Bitcoin,” reflecting his ultra-bullish stance . In June 2025, Saylor doubled down on his extreme outlook, suggesting Bitcoin’s price could reach $21 million per coin over the next 21 years (yes, million!), which explains MicroStrategy’s almost fanatical rush to accumulate “as much Bitcoin as they can, as quickly as possible” . This relentless accumulation strategy – essentially Bitcoin dollar-cost averaging on steroids – has paid off handsomely so far. The company’s average purchase price is around $70k , well below the current market price, meaning MicroStrategy sits on billions in profits on paper and has enormous upside if Bitcoin continues to appreciate.

Critically, MicroStrategy’s strategic positioning also involves integrating Bitcoin into its business model. While its legacy software business still generates ~$460 million/year in revenue (as of 2024) , Saylor has steered the firm toward Bitcoin-centric innovation. For example, MicroStrategy is developing enterprise Lightning Network solutions – tools that allow companies to use Bitcoin’s Lightning for payments, rewards, and web applications . By leveraging its software expertise in the Bitcoin ecosystem, MicroStrategy aims to monetize its crypto expertise and support Bitcoin adoption, adding yet another layer to its bullish thesis. This dual strategy – hodling a massive BTC reserve while building Bitcoin software products – positions MicroStrategy as a unique leader in the corporate crypto space.

Financial Leverage Amplifying Upside

MicroStrategy’s Bitcoin bet is not just large in absolute terms – it’s leveraged, which magnifies the potential growth (as well as risk). The company’s use of debt and equity financing to buy Bitcoin means that shareholders are effectively holding a leveraged Bitcoin ETF in disguise . For every 1% move in Bitcoin’s price, MSTR stock tends to move even more. In early June 2025, for instance, when Bitcoin jumped ~2.5% in a day (to ~$107,800), MicroStrategy’s stock surged 3.2% the same day . This high beta effect (often 1.5× or greater Bitcoin’s moves) is a result of the company’s financial engineering: by using borrowed money and new equity to increase its Bitcoin holdings, MicroStrategy amplifies its exposure. Every $1,000 increase in BTC’s price adds roughly $600 million to the value of MicroStrategy’s holdings – a dramatic sensitivity that few other stocks can offer.

Importantly, MicroStrategy has managed its finances to support this strategy for the long haul. The company’s vast Bitcoin reserve has given it credibility in capital markets to continue raising funds. In 2025 it even launched an ambitious “42/42” plan to potentially raise $84 billion through 2027 for more BTC purchases . Thanks to its Bitcoin war chest, MicroStrategy can now issue preferred shares at an 8% yield (attractive to investors in a world of ~5% Treasuries) because its BTC-backed balance sheet is so strong . One Reddit investor quipped that MicroStrategy is becoming the “Bitcoin bank of the world” – able to offer fixed-income instruments (like STRK/STRF preferred shares) secured by its Bitcoin, something no other company can easily do . This creative financing not only funds more Bitcoin buys but also validates Bitcoin as collateral on Wall Street, further entrenching MicroStrategy’s strategic position.

Of course, leverage is a double-edged sword. MicroStrategy carries over $2 billion in debt from its bond issuances, and it must manage interest costs and potential dilution from equity issuance. However, the bullish view is that as Bitcoin’s price climbs, MicroStrategy’s debt-to-asset ratio actually improves (since the value of its BTC assets grows). In fact, after a new accounting rule change in 2025, MicroStrategy began marking its Bitcoin to fair value on financial statements – which instantly added over $12.7 billion to its reported shareholder equity, reflecting the massive appreciation of its holdings. This strengthened balance sheet can reassure creditors and investors that the company’s financial health improves in a Bitcoin bull market. In short, MicroStrategy has positioned itself such that Bitcoin’s success translates directly into corporate financial strength, creating a powerful feedback loop for growth.

Investor Sentiment and Market Performance

The investor community’s sentiment toward MicroStrategy is unabashedly bullish, especially among crypto believers. Many view MSTR as the premier “stock proxy” for owning Bitcoin – an asset that combines the upside of Bitcoin with the convenience of a NASDAQ-listed security. In online forums, some call MSTR “the most obvious bet in the world” for those convinced of Bitcoin’s future growth. This enthusiasm is reflected in the stock’s performance. MicroStrategy shares have consistently outpaced Bitcoin itself in returns over substantial timeframes . Over both the past year and a five-year period, MSTR stock has outperformed the price of Bitcoin, thanks to its leveraged exposure and investor optimism . When Bitcoin rallied to new highs in 2025, MicroStrategy’s stock rallied even harder – rising over 35% in the first half of 2025 alone and far more from its 2020 lows.

Crucially, MicroStrategy has captured the imagination of investors as not just a company, but a cause. Michael Saylor’s passionate advocacy and relentless Bitcoin evangelism have made him something of a hero to Bitcoin maximalists. This has drawn a dedicated base of shareholders who share the vision and are less likely to sell during dips. Instead, many see owning MSTR as a way to “HODL” Bitcoin through a regulated vehicle, even in retirement accounts or institutions that can’t directly hold crypto. The stock’s trading volume and liquidity have increased as Bitcoin’s popularity soared, and at times MSTR’s market price has traded at a premium to the underlying value of its Bitcoin – a sign of investor confidence in Saylor’s stewardship and in the option value of MicroStrategy possibly finding new ways to leverage its Bitcoin (through business initiatives, lending, etc.). Analyst coverage has also taken note: some analysts explicitly treat MicroStrategy as a Bitcoin ETF substitute, while others highlight its remaining software business as an underappreciated asset that could provide downside cushion and incremental revenue tied to Bitcoin adoption (via products like the Lightning Network services). All told, market sentiment around MSTR is one of high risk, high reward excitement – investors recognize the volatility, but for the Bitcoin faithful, MicroStrategy represents a daring and pure-play way to ride the crypto wave.

Top 10 Public Bitcoin Treasury Holders (by value at a ~$117k BTC price). MicroStrategy dwarfs all other companies’ Bitcoin holdings, as the chart shows. MicroStrategy’s ~600,000 BTC (blue bar at left) is about 12× the next-largest corporate holding . Even Elon Musk’s Tesla – with roughly 11,500 BTC on its balance sheet – looks minor by comparison . MicroStrategy’s nearest peer, Marathon Digital Holdings (a Bitcoin miner), holds about 50,000 BTC, barely one-tenth of MicroStrategy’s stash . This unparalleled scale makes MSTR the go-to equity for Bitcoin bulls, as no other public company offers as concentrated a bet on Bitcoin’s upside.

How MicroStrategy Stacks Up to Other Bitcoin Plays

MicroStrategy’s singular focus and sheer scale set it apart from other Bitcoin-exposed stocks. Tesla (TSLA), for example, made headlines by buying Bitcoin in 2021, but after some sales it holds only about 11k BTC – a large sum for a car company, yet trivial next to MicroStrategy’s holdings . More importantly, Tesla’s core business (electric vehicles) drives its stock; its Bitcoin is a small side asset. Cryptocurrency miners like Marathon (MARA) and Riot Blockchain (RIOT) are often seen as Bitcoin-levered stocks, since they hold portions of the Bitcoin they mine. Marathon is the closest to MicroStrategy in BTC holdings (approximately 50k BTC) , but it still has only a fraction of MSTR’s amount, and mining operations introduce higher ongoing costs and operational risks. Miners must constantly spend on energy and hardware, and many eventually sell some BTC to fund operations – whereas MicroStrategy simply buys and holds, with no pressure to liquidate its treasury. This “pure hodl” approach arguably gives MSTR a cleaner, more predictable exposure to Bitcoin’s price trajectory compared to miners.

Other companies like Block (SQ) (formerly Square) and Coinbase (COIN) are involved in the crypto industry but again, their stock prices hinge on business revenues (payments volume or trading fees) rather than the value of crypto on their balance sheet. MicroStrategy stands virtually alone as an enterprise software company that pivoted entirely to a Bitcoin play. In doing so, it essentially created a new category: the publicly traded Bitcoin reserve. The only comparable entity is perhaps Grayscale’s Bitcoin Trust (GBTC) – which holds Bitcoin on behalf of investors – but GBTC is a trust, not an operating company, and it has had issues like management fees and trading at a discount to its net asset value. MicroStrategy, on the other hand, gives investors active management and corporate governance, plus the ability for the company to raise capital to buy even more Bitcoin when conditions are favorable. This dynamic (issuing shares at high prices to buy more BTC on dips) has sometimes let MSTR outperform the underlying BTC – essentially leveraging investor sentiment to increase Bitcoin exposure during bull markets.

Finally, MicroStrategy’s leadership in embracing Bitcoin has had a halo effect: it inspired a wave of other firms (over 140 public companies worldwide by 2025) to put Bitcoin in their treasuries . But none have done it with the all-in zeal of MicroStrategy. This gives MSTR a strategic first-mover advantage. It is the stock synonymous with Bitcoin exposure – often mentioned in the same breath as major crypto ETFs or funds. When Bitcoin rallies, media reports frequently highlight MicroStrategy’s stock surging in tandem, further solidifying its reputation as the bellwether Bitcoin stock.

The Road Ahead: A High-Conviction Bet on Bitcoin’s Future

MicroStrategy’s investment thesis is simple yet compelling: if you believe in the long-term bullish trajectory of Bitcoin, MSTR offers a turbocharged way to capitalize on that belief. The company’s strategic positioning – holding an enormous amount of BTC, refusing to sell, and continually finding ways to acquire even more – means that its fortunes rise exponentially with Bitcoin’s price. This is a classic high-risk, high-reward scenario. In a sustained Bitcoin bull market, MicroStrategy is poised to benefit disproportionately. Its stock could appreciate not just from the rising value of its Bitcoin holdings, but also from improved debt ratios, potential new business revenues (e.g. Bitcoin Lightning services), and the network effects of being the “Bitcoin proxy” stock of choice.

It’s important to note that such outsized potential comes with significant volatility. MicroStrategy’s share price will likely continue to swing wildly with the crypto market, and the company’s heavy debt and ongoing commitment to buy BTC add extra uncertainty. However, that volatility is exactly what opportunistic, bullish investors are seeking. As one analyst put it, “MicroStrategy’s stock is now a pure-play leveraged bet on Bitcoin” – and the company’s management and shareholders embrace that identity. The investor sentiment around MSTR is almost cultish in its optimism, fortified by Michael Saylor’s vision and conviction. This has created a self-reinforcing narrative: MicroStrategy is not just investing in Bitcoin; it is embodying the Bitcoin ethos of long-term, unshakeable belief in the asset’s value.

In conclusion, MicroStrategy represents a compelling and upbeat investment thesis for those who are unabashedly bullish on Bitcoin. It offers unmatched Bitcoin exposure, a proven track record of strategic execution in building its holdings, and a leadership team practically evangelical in their commitment to Bitcoin’s success. Few investments so cleanly align with a single macro trend. If Bitcoin continues to ascend as a global store of value, MicroStrategy’s stock is poised to soar right alongside it – potentially with even greater intensity. For investors seeking a bold way to ride the Bitcoin wave, MicroStrategy has made itself an obvious bet on bullish growth, underpinned by the simple mantra that Michael Saylor and his shareholders live by: “Bitcoin Forever.” 

Table: MicroStrategy’s Bitcoin Holdings and Value

Total Bitcoin Holdings	Average Purchase Price	Current Value of Holdings
597,325 BTC	$70,982 per BTC	~$64.8 billion

Sources: As of mid-2025, MicroStrategy (Strategy) holds ~597k BTC acquired at an average ~$70k each . At current prices (>$100k/BTC), the stash is worth roughly $65–70 billion , delivering over $20+ billion in unrealized gains . These numbers cement MicroStrategy’s status as the heavyweight champion of Bitcoin exposure in equity markets.

Record-Breaking Fitness Feats Go Viral (2025)

In mid-2025, Eric Kim – originally known as a street photography blogger – reinvented himself as a fitness phenom, capturing global attention with a series of record-shattering weightlifting videos . Branded under his “HYPELIFTING” ethos, Kim’s extreme strength stunts have gone viral across social media, reaching far beyond his usual photography audience . Notably, he has stunned the strength world with unprecedented rack pull lifts (a partial deadlift from knee height), each quickly racking up millions of views and sparking frenzied engagement online.

Some recent timeline highlights of Kim’s viral feats include:

• May 31, 2025: Kim pulled 493 kg (1,087 lb) at ~75 kg body weight (~6.6× BW) – an unofficial world-record rack pull. The clip went viral, garnering over 3 million views in 24 hours across YouTube, TikTok, and X (Twitter) . This lift, posted to his blog and socials, trended under tags like #HYPELIFTING, captivating both fitness enthusiasts and curious followers of his photography work.
• June 14, 2025: He pushed the bar higher with a 513 kg (1,131 lb) rack pull (~6.8× BW) in Phnom Penh . This stunt “dropped the clip on the internet” – rapidly spreading across platforms. In its wake, Kim’s TikTok account surged, nearing 1 million followers by mid-June (≈992k, with 24.4 M likes) after these feats went viral . One analysis noted his 493 kg lift video (from late May) hit about 3 million views in 24h, reflecting the snowballing audience for his content . His hype-filled mantra (“No belt, no shoes, no limits”) gained traction as well, reinforcing his motivational persona alongside the spectacle.
• July 2, 2025: Kim outdid himself with a 552 kg (1,217 lb) raw rack pull – an astounding ~7.6× his body weight. He simul-posted the 10-second clip to TikTok and YouTube, and it exploded – roughly 1 million views in the first 6 hours . The lift “bent TikTok’s attention-graph,” vaulting from his Phnom Penh garage gym to millions of For You pages within hours . It spawned a viral #RackPullChallenge, as viewers worldwide began imitating partial pulls. In 24 hours, the TikTok hashtag amassed ~11 million views . Over the first week, the trend’s “blast radius” was enormous: an estimated 28–30 million total TikTok views, 36,000+ user-generated stitch/duet videos of people attempting rack pulls, and even 650+ breakdown videos by strength coaches analyzing Kim’s form and biomechanics . By July 4, Kim’s 552 kg feat hit Twitter’s Trending tab (with memes of the bending barbell labeled “escaping gravity”) and continued climbing in reach . This “gravity-defying” performance instantly became the new benchmark in strength circles, leap-frogging all prior recorded partial deadlifts and cementing Kim’s status as a viral legend .

Cross-Platform Reach and Media Coverage

Kim’s viral content has been characterized by a cross-platform blitz that maximizes its reach. He strategically saturates all major platforms with his posts – a self-described “digital content carpet bomb” approach – to trigger algorithmic amplification . The result has been massive engagement across TikTok, YouTube, Instagram, and Twitter (X):

• TikTok: This has been the epicenter of his fitness virality. Kim’s TikTok handle (@erickim926) skyrocketed in followers (approaching the seven-figure mark) after his June/July lifts . The hashtag #HYPELIFTING and related tags saw explosive growth – by early July, #HYPELIFTING content saw a 136% week-over-week jump in views, totaling around 28–30 million views in the first week of the 552 kg clip’s release . The follow-on #RackPullChallenge trended as a global fitness meme, lowering the bar (literally) for participation – since almost anyone can attempt a rack pull at some weight, tens of thousands joined in with their own videos . TikTok’s format favored Kim’s content: a single-angle, 10-second raw lift clip delivered an instantly shareable “visual shock” that drove extremely high watch-through rates . By mid-2025, Kim’s TikTok content had accumulated 24+ million likes in total , and his frequent posting (nearly one new video daily) keeps his momentum high .
• Twitter (X): Kim’s presence on X (@erickimphoto) also spiked due to the viral lifts. For example, a tweet showcasing his 493 kg beltless rack pull garnered roughly 646,000 impressions in a short time . By July 4, 2025, discussions of his 552 kg lift were trending on X, with reposts and GIF memes (e.g. the barbell bending under “7.6× BW” captions) proliferating . Kim’s unapologetically hype tone (“GODHOOD ASCENDING” titled clips, etc.) and cross-niche appeal drew in users beyond fitness – even tech and crypto personalities noticed the buzz. His follower count on X sits in the tens of thousands, and his engagement there often links back to his blog and videos, fueling a feedback loop between platforms.
• YouTube & Instagram: On YouTube, Kim documents every personal record lift and shares motivational talks. His lifting videos – often labeled with provocative titles like “THE GOD LIFT” – prompted countless reactions and analysis from other creators. After the 552 kg upload, over 650 reaction/analysis videos by other YouTubers and coaches appeared, dissecting his technique and the feat’s legitimacy . Fitness channels large and small jumped on the trend, sometimes doubling their usual reach by covering the topic . On Instagram, Kim’s content (e.g. training clips, physique shots) is reposted widely; fitness meme pages turned his catchphrases into shareable posts. Tags like #NoBeltNoShoes and quotes such as “Gravity filed a complaint” or “Belts are for cowards” spread alongside his videos . User-generated content exploded overall – one report logged 100+ fan-made reaction videos and memes riffing on Kim’s lifts and slogans in June alone . This virality in turn boosted traffic to Kim’s own blog and site; his personal website saw spikes in search and visit volume (one lifting post got ~28,000 hits in 48 hours) as curious viewers looked up the backstory .

Traditional media and industry outlets also took notice. By mid-June 2025, mainstream fitness media featured Kim’s accomplishments: for instance, Men’s Health and BarBend ran articles like “493 kg Rack Pull: Primal Strength Redefined” highlighting his pound-for-pound power . These pieces introduced Kim to a wider audience as a serious strength figure (despite the unorthodox nature of rack pulls). Simultaneously, online forums and communities buzzed about him – Reddit’s r/weightroom and r/powerlifting pinned megathreads debating his lifts, which garnered tens of thousands of upvotes and comments . Reactions ranged from awe (71% of comments showed “awe/admiration”) to skepticism (some questioned if such partial lifts “count” as records) . Notably, even the skepticism fed the virality: debates over form and “natty or not” authenticity kept Kim’s name circulating for weeks . By late June, commentators were describing Eric Kim as “one of the hottest fitness influencers” of the moment – a remarkable leap for someone who, until recently, was primarily known in photography circles.

Crypto and Motivational Content

Alongside fitness, Eric Kim injects cryptocurrency and lifestyle themes into his personal brand. Over the past two years he has emerged as an outspoken Bitcoin advocate and blogger, blending motivational rhetoric with crypto evangelism. By early 2025, Kim openly embraced the label of a “Bitcoin zealot,” even rebranding sections of his website with the Bitcoin ₿ symbol and publishing essays extolling Bitcoin as the future of finance . He writes about Bitcoin with the same hyper-energized voice he brings to lifting – for example, a 2024 post titled “Bitcoin Meditations” and a 2025 essay “The Bitcoin Stoic Investor” mix his philosophical musings with crypto-maximalist views . In May 2025, he even published a profanity-laced rallying cry post (“I Fking Love Bitcoin!”) aimed at turning his Bitcoin passion into a meme-fueled viral phenomenon, complete with hashtag slogans and calls to “make the internet explode” with BTC enthusiasm . This cross-over content, while not achieving the same mainstream virality as his gym feats, has gained niche traction. His Bitcoin-themed posts have been picked up by finance blogs and amplified by crypto influencers, extending Kim’s reach into cryptocurrency circles online . His message of Bitcoin as a form of personal empowerment (a “shield against fiat slavery,” as he puts it) resonates with the Bitcoin community’s ethos of financial sovereignty .

On social media, Kim’s crypto commentary has drawn its own share of attention. He often tweets threads about Bitcoin and economics – for example, praising companies like MicroStrategy for their bold BTC treasury strategies – engaging his ~20K followers on X in lively discussion. Some of his motivational one-liners (e.g. “Lift heavy, stack sats”) bridge the gap between his fitness and crypto personas and have been shared among both lifting enthusiasts and Bitcoin fans. This cross-pollination of audiences is part of Kim’s unique appeal: as one profile noted, he’s morphed from a pure “street photography blogger” into something of a “fitness phenom and crypto commentator” who defies easy categorization . His ability to create content that spans multiple niches – weightlifting, photography, philosophy, and Bitcoin – has intrigued followers and kept him in the online spotlight.

Overall, 2025 has been a breakout year for Eric Kim’s online presence. His jaw-dropping strength videos have gone globally viral in the fitness world, amassing tens of millions of views and spawning community challenges and memes across TikTok, YouTube, Instagram, and Twitter. These viral moments (backed by strategic multi-platform publishing) have led to mainstream media coverage and cemented his status as an influencer to watch in the fitness realm . At the same time, Kim’s forays into Bitcoin and motivational content – while more niche in their reach – have earned him a devoted following in crypto and self-improvement circles, further broadening his profile . From fitness feats that “break the internet” to crypto‐peppered life philosophy, Eric Kim’s recent content has generated significant buzz and global attention online, making him a multifaceted digital personality at the nexus of several trending communities.

Sources: Recent blog posts and analytics from Eric Kim’s official sites (May–July 2025), social media metrics, and coverage in fitness media , as well as commentary on his cross-domain influence .

(រីករាយ រឹងមាំ ហ៊ានធ្វើ និងលើកទឹកចិត្ត💪🚀)

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• សីហា ២០២០៖ MicroStrategy ក្លាយជាក្រុមហ៊ុនសាធារណៈ ដំបូងបំផុត ដាក់ USD 250 លាន ទិញ ~21,454 BTC ជាគុណសម្បត្តិធនធាន! 🔥
• តាមមានបន្ត   – ចាប់បោះឥណទាន ក្រុមហ៊ុនបញ្ចេញបច្ច័យ ដើម្បី ទិញទៀត !, ទៅដល់លើស ៥៥០,០០០ BTC នៅខែ មេសា ២០២៥! 💎🙌
• អំពើខ្លាំង៖ ខែកក្កដា ២០២២ ប្ដូរ ពី CEO ទៅ Executive Chairman ដេកផ្លូវឲ្យលោតចូល តួនាទីជាអ្នកធ្វើសកម្មភាព Bitcoin ពេញទំហឹង។

5. បញ្ហាច្បាប់ និងវីវរ

• ២០០០៖ ទំនាស់ SEC (ការទទួលបន្ទុកលើការចុះបញ្ជីចំណូល) – ប៉ុន្តែបញ្ចប់ដោយការប្តេជោ!
• covid-19 ២០២០៖ ឯកសារ អ៊ីមែលបិទមុខ “Run toward the crisis” បង្កក្ដីចាប់អារម្មណ៍។
• Tax DC ២០២២-២៣៖ អាណត្តិលេខ 40 លាន $ បញ្ចប់សំណុំរឿងលើសារប្រាក់។

6. ទស្សនវិជ្ជា និងទ្រឹស្តីផ្ទាល់ខ្លួន

• Bitcoin = “អចិន្ត្រៃយ៍ នៃថាមពលឌីជីថល”, “apex property” – អភិបាលឲ្យយូរអង្វែងជាងមាស 🪙✨
• ជឿជាក់ក្នុង ការគិតវែងជារាប់ទសវត្សរ៍/សតវត្សរ៍; ណែនាំសហគ្រិន ដើម្បីធ្វើសេចក្ដីសម្រេចធំ។

7. ប្រជាភាពសាធារណៈ និងមេឌៀ

• X/@saylor > ៤ លានអ្នកតាម; សុន្ទរកថា CNBC, Bloomberg, Podcast Bitcoin ទូទៅ។
• សៀវភៅ The Mobile Wave (២០១២) – NYT Bestseller ប្រសាសន៍ពីចលនាមូបាយ។
• Saylor Academy – វេទិកាអប់រំឥតគិតថ្លៃ ជួយសិស្សរាប់លាន់។

8. សកម្មភាពមនុស្សធម៌ & ជីវិតផ្ទាល់ខ្លួន

• បង្កើត Saylor Foundation (១៩៩៩) ថវិកាច្រើនលានដុល្លារ សម្រាប់អប់រំ-សុខភាព-បរិស្ថាន។
• សប្បាយចិត្តនឹងរំកិលយន្តហោះ, ប្រវត្តិនិងវិទ្យាសាស្ត្រ – និង ប្រាកដថា ការរៀនមិនចប់បីថ្ងៃ! 🎓✈️

បញ្ជីកាលបរិច្ឆេទសង្ខេប (Timeline ជាប៊ូឡែតស្វាយៗ)

• ១៩៦៥ – កំណើត
• ១៩៨៧ – បញ្ចប់ MIT
• ១៩៨៩ – បង្កើត MicroStrategy
• ១៩៩៨ – IPO MSTR
• ២០០០ – វិបត្តិ dot-com + ការលំបាក SEC
• ២០១២ – បោះពុម្ព The Mobile Wave
• ០៨/២០២០ – ជម្រើស Bitcoin ទៅក្នុងវិស័យក្រុមហ៊ុន
• ០៨/២០២២ – ចុះពេញបន្ទុកពី CEO ទៅ Executive Chairman
• ០៤/២០២៥ – Strategy កាន់ > ៥៥០ k BTC 🌕🚀

🎉 សារ ទាំងមូល៖ Michael Saylor ជា អ្នកប្រឈមហានឆ្លងកាត់វិស័យបច្ចេកវិទ្យា និងហិរញ្ញវត្ថុ—ចាប់ពីសិស្សឆ្លាត MIT ដល់អ្នកនាំពាក្យ Bitcoin ដែលទាំងពិភពចាប់អារម្មណ៍! គាត់បង្ហាញថា ក្តីសុបិន គំនិតវែង និងការបើកចិត្តទទួលគ្រោះហានគឺជាចំណុចបង្ហាញផ្លូវទៅកាន់ភាពជោគជ័យ។ ចូរបំពេញជំរុញខ្លួនឯង—ដូចម្ដេចលេ—តោះជួយគ្នាលើកទឹកចិត្ត បញ្ចេញសក្ដានុពលដ៏ធំបំផុតរបស់អ្នក! 🚀💥

Michael Saylor ៖ ជីវប្រវត្តិ ពិសោធន៍អាជីព និងវិស័យ Bitcoin

ជីវិតដើម និងការអប់រំ

Michael J. Saylor កើតនៅថ្ងៃទី 4 កុម្ភៈ 1965 ក្នុងរដ្ឋ Nebraska។ គេជា កូនក្តាប់ របស់កងទ័ពអាកាសសហរដ្ឋអាមេរិក ហើយបានធ្វើដំណើរច្រើនកន្លែងម្នាក់គ្រួសារ។ នៅមជ្ឈមណ្ឌលអប់រំមធ្យមសុខបុរាណ គាត់ទទួលបានគ្រង់ ក្រប៉ាស “Valedictorian” និង “Most Likely to Succeed”។ បន្ទាប់ពីនោះ គាត់ ទទួល អាហារូបករណ៍ ROTC ចូលរៀននៅ MIT—កន្លែងដែលគាត់បានបញ្ចប់បរិញ្ញាបត្រ២ ផ្នែក «វិទ្យាសាស្ត្រយន្តហោះអាកាស» និង «វិទ្យាសាស្ត្រ បច្ចេកវិទ្យា និងសង្គម» ដោយពិន្ទុខ្ពស់បំផុត ឆ្នាំ 1987 ។

ស្ថាបនាក្រុមហ៊ុន MicroStrategy

ឆ្នាំ 1989 នៅវ័យ ទើប 24 ឆ្នាំ Saylor និងមិត្តរួមថ្នាក់ MIT លោក Sanju Bansal បានបង្កើត MicroStrategy—ក្រុមហ៊ុន រីកចម្រើនលឿនផ្ដោតលើ data mining និង business intelligence។ កិច្ចសហប្រតិបត្តិការទើបចាប់ផ្តើមមួយជាមួយ McDonald’s តម្លៃ 10 លានដុល្លារ (1992‑93) ធ្វើឱ្យក្រុមហ៊ុនឡើងឈុត។ MicroStrategy ចូលក្លាយជាក្រុមហ៊ុនសាធារណៈនៅ NASDAQ ឆ្នាំ 1998 នៅពេលដែលភាគហ៊ុនឡើងតម្លៃខ្ពស់ Saylor ក្លាយជាសេដ្ឋីប្លុកប៊ីលានែរ។

វិបត្តិ dot‑com និងការស្ដារឡើងវិញ

ខែមីនា 2000 MicroStrategy ប្រកាសកែតម្រូវរបាយការណ៍ហិរញ្ញវត្ថុ ហ្វាគុយភាគហ៊ុនធ្លាក់ពី $300 ទៅក្រោម $50 និង Saylor បាត់បង់ទុនលើកើតលុយរាប់ពាន់ លានដុល្លារ។ គាត់ និង ក្រុមគ្រប់គ្រងទទួល ពិន័យ សរុបប្រហែល $11 លាន ដោយកើតឡើងពីការដោះស្រាយជាមួយ SEC (គ្មានការទទួលស្គាល់ខុសត្រូវ)។ ដោយក្លីនគំនិតវែង Saylor បានນាំក្រុមហ៊ុនឆាកបន្ទាប់បណ្តើរឡើងវិញ ទៅសាយភ្លោះម៉ូប៊ីល និង ពពក។

ការផ្លាស់ប្តូរទៅ Bitcoin

ឆ្នាំ 2020 ខណៈអន្តរជាតិជួបវិបត្តិ Covid‑19 Saylor ព្រួយបារម្ភអំពីអាំងផ្លេសិនលើសាច់ប្រាក់ក្រុមហ៊ុន។ ខែសីហា 2020 MicroStrategy បានវិនិយោគ $250 លាន ដើម្បីទិញ Bitcoin ~21 445 BTC ដូចជាប្រាក់បើកថៃ The Company ក្លាយជាក្រុមហ៊ុនសាធារណៈដំបូងបង្អស់ពាក់ព័ន្ធ Bitcoin ក្នុងទុនសារពាង្គកំណត់។ អំឡុង 2020‑25 ក្រុមហ៊ុនបន្ដទិញ BTC ដោយប្រើប្រាស់ការលក់ភាគហ៊ុន‑បំណុល និងឡានផ្ចោះនានា ដល់ពេលខែ មេសា 2025 កាន់ កាប់ >550 000 BTC (ប្រហែល 2.5 % ផ្គត់ផ្គង់ Bitcoin សកល)។ Saylor ដាក់ ឈ្មោះMicroStrategyថា “Bitcoin holding company” ហើយប្តេជ្ញា ថា BTC ជា «អចលនវត្ថុព្រះមហាក្សត្រី»។

ជម្លោះ និងវិវាទ

• ឆ្នាំ 2000៖ គណនេយ្យผิดព្រង់ ប៉ះទង្គិចជាមួយ SEC (ពិន័យ ~$8.3 M + $0.35 M)។
• គំរោង Covid‑19 (2020)៖ អ៊ីមែល 3,000 ពាក្យរបស់គាត់ពន្យល់ថាស្ថានភាពមិនគួរបិទទីស្នាក់ការ ត្រូវបែកធ្លាយ និងទទួលការរិះគន់ មិនយូរបន្ទាប់មកគាត់ត្រូវបិទការិយាល័យ និងអនុញ្ញាត telework។
• ការចោទប្រកាន់ពន្ធ DC (2022‑23)៖ អគ្គអធិការិយាល័យ DC ចោទគាត់លាក់បង់ពន្ធ $25 M។ ខែកញ្ញា 2023 គាត់ព្រមបង់ $40 M បោះបង់វិវាទ (គ្មានការទទួលស្គាល់ខុស)។

ទស្សនៈផ្ទាល់ខ្លួន

Saylor ជាអ្នក គិតវែង និងក្លាហាន។ នៅកម្រិតទូទៅ គាត់ថ្លែងថា Bitcoin គឺ «ថាមពលឌីជីថល» និង «អចលនវត្ថុអាភេទខ្ពស់បំផុតរបស់មនុស្សជាតិ»។ គាត់ជួយផ្ដោតសម្ភារពាណិជ្ជកម្មទៅឪ្យគំនិត យូរអង្វែង និងការរក្សារសម្បត្តិនៅរាប់ទសវត្សរ៍។

វេទិកាសាធារណៈ និងមធ្យោបាយ

ជាអ្នក Tweet កម្ពស់ (@saylor មានអ្នកតាមប្រមាណ >4 លាន) គាត់ចែករំលែកឯកសារពិគ្រោះ និង សុន្ទរកថានៅក្រុមហ៊ុនសារព័ត៌មានហិរញ្ញវត្ថុធំនានា។ លើសពីនេះ គាត់បង្កើត Saylor Academy ផ្តល់វគ្គអប់រំតាមអ៊ិនធឺរណេតឥតគិតថ្លៃឲ្យសិស្សជាង 2 លាននាក់ទូទាំងពិភពលោក។

តារាងព្រឹត្តិការណ៍សំខាន់

ឆ្នាំ	ព្រឹត្តិការណ៍
1965	កើតក្នុងរដ្ឋ Nebraska ក្នុងគ្រួសារទ័ពអាកាស។
1987	បញ្ចប់ឧត្តមសិក្សា MIT ដោយពិន្ទុខ្ពស់បំផុត (បរិញ្ញា២)។
1989	ស្ថាបនា MicroStrategy និងធ្វើជា CEO នៅវ័យ 24 ឆ្នាំ។
1998	IPO នៅ NASDAQ — Saylor ក្លាយជាសេដ្ឋី។
2000	ភាគហ៊ុនធ្លាក់ — កិច្ចស្នាក់ SEC, ពិន័យ ~$8.65 M។
2012	តែងសៀវភៅ The Mobile Wave (Best‑seller NYT)।
2020	ដឹកនាំ MicroStrategy ទិញ BTC $250 M ដំបូង។
2021‑22	ចុះ ប័ណ្ណបំណុល $1 B+ ដើម្បីបន្ថែម BTC; ក្លាយជាបន្ធូត Bitcoin សកល។
Aug 2022	ដោយកក់ក្តាប់ CEO → Executive Chairman ដើម្បីផ្ដោតលើ Bitcoin។
2023	សង ពន្ធ DC $40 M; MicroStrategy កាន់ ~158 400 BTC។
Apr 2025	កាន់ >550 000 BTC; រេប្រែនឈ្មោះ “Strategy”។

ពិតជាមតិ ឃ្លាត សំរាប់អ្នកកម្ពុជាណា ដែលចង់បានពន្លេដ៏ជូរឆ្ងាញ់៖ Saylor បង្ហាញឱ្យឃើញថា ការគិតជាអ្នកដឹកនាំគឺត្រូវដឹកនាំដោយចក្ខុវិស័យ ឧត្ដមគតិ និងការប្រឹងព្យាយាមមិនខាន។ ជួបវិបត្តិឬឈានទៅឱ្យឱកាសថ្មីៗ ដូចគាត់បានធ្វើ ពេលណាក៏ដោយ អ្នកត្រូវ ក្លាហាន គិតវែង និងស្មោះត្រង់ជាមួយផ្លូវផ្ទាល់ខ្លួន។

“ឈ្នះអនាគតដោយកម្មវិធី យើងបង្កើតវាវិញ!” — Michael Saylor

សូមឲ្យប្រវត្តិនេះជំរុញបណ្ដេញទឹកចិត្តអ្នកឲ្យបន្តកប្បាសសិចសញ្ជក់ជានិរន្ត! 😃🚀

1. 为跨境贸易加装“极速引擎”

硬件一晚发全球，付款却要等数天？ 深圳工厂把产品卖到世界各地，却仍被美元信用证、制裁风控、周末停行等环节拖慢。现在本地银行用区块链把信用证流程从 10 天压缩到 24 小时；深港还在共建数据验证通道，保障出口畅通。比特币 7×24 分钟级清算、无需中转银行、无时区等待，完美匹配“今天发货、明天迭代”的深圳节奏。

2. 为创业者打开资本自由阀

外汇管制让初创公司难以支付海外自由职业者、购买云服务，甚至融资。市场估算，创业者每年通过灰色渠道搬走 860 亿美元 等值加密资产。巨头也在呼吁“离岸人民币稳定币”，因为外贸商家实在需要数字支付轨道。比特币是中立、抗审查的备用通道，不依赖美元锚定或单一央行—为全球化创业者提供关键保险。

3. 让数百万产业工人“即刻拿薪”

深圳 1700 万常住人口里，逾半是外来务工者，频繁汇款回家。传统汇款把 ≈ 6.6 % 的手续费抽走，还要几天到账。支持闪电网络的钱包几乎零费用、秒级结算，让真正拧螺丝的人多拿到应得的血汗钱。

4. 与深圳的开源 DNA 共振

深圳被称为“硬件硅谷”，因为这里的创客在论坛上开源原理图，快速把灵感变成实物。比特币把这种开源精神延伸到“钱”本身：跑节点、玩 Lightning 并不比烧写 ESP32 复杂。对一个“想得到就能马上打样”的城市，再合适不过。

5. 当旧剧本失效时的“避风港”

本地股市摇摆不定时，投资者已在禁令夹缝中涌入比特币。持有世界最稀缺数字资产的一小部分，就能为企业与家庭提供与国内地产周期或美联储政策脱钩的多元化工具。

6. 与香港新兴加密枢纽形成“协同放大”

2025 年 8 月 1 日 起，香港将发牌稳定币发行商，定位离岸人民币数字现金的入口。深圳一地铁相连—直通全球比特币流动性，企业可在比特币、稳定币、e-CNY（通过 mBridge CBDC 网络）之间灵活调度，打造其他内地城市难以复制的“瑞士军刀式”财资栈。

7. 用“公开透明”驱散骗局迷雾

市监部门常提醒市民警惕“暴富”稳定币骗局。比特币十多年零停机、链上可审计、机构级托管，提供一把行业标尺。推广比特币教育，既保护市民，又让风险资本流向真正的创新，而非庞氏烟雾。

奋进号角

深圳的底色是 速度 与 开放，而比特币正是它们的货币形态。它削减贸易摩擦、解放创业资本、赋能数百万产业工人，并与创客精神完美共振。对这座用一代人时间重塑全球供应链的城市来说，接入全球最强大的开源支付网络，已不是可选项，而是下一个腾跃。🚀