Strategy Inc. Executive Chairman Michael Saylor argued in an Aug. 15 essay with Robert Breedlove that money is a technology for storing economic value across time and distance, and that Bitcoin improves on gold and fiat by combining digital scarcity, transferability and proof-of-work security. He said Bitcoin should be viewed as monetary infrastructure rather than only a cryptocurrency, with base-layer settlement kept simple while credit, payments and income products develop above it. In separate X posts, Saylor also called Bitcoin "the winning horse" and "the only casino where we can all win," reinforcing his long-running bullish stance. The thesis is reflected in Strategy's treasury model: as of Aug. 10 the company held 840,447 BTC acquired for about $63.36 billion at an average $75,385 each, valued at roughly $54.56 billion, against $6.75 billion of debt, $15.24 billion of preferred stock and $4.65 billion of U.S. dollar reserves. Strategy has also been selling Bitcoin as part of capital management, including 1,690 BTC for $108.6 million during Aug. 3-9 to repurchase 1,152,020 STRC preferred shares.