Michael Saylor Says Bitcoin Has Won, So Why Did MicroStrategy Stop Buying BTC?

Michael Saylor said on Tuesday that Bitcoin has won, and that its gravest danger now comes from within its own ranks. His company, Strategy, has not bought a single BTC in five consecutive weeks.

Blockchain intelligence firm Arkham dissected the pause. Strategy (formerly MicroStrategy) has built a $3.75 billion cash reserve instead. Two clocks are now running at once, and they point in opposite directions.

Why Michael Saylor Is Warning About Bitcoin Now

The timing is not accidental. BIP-110 is a proposed one-year soft fork that would cap the size of arbitrary data fields in Bitcoin transactions. Written by developer Dathon Ohm and shipped in Bitcoin Knots, it began miner signaling on December 1, 2025.

Miners have largely ignored it. That does not stop it.

The proposal's own deployment schedule sets a mandatory lock-in window for around August 2026. Once that window opens, blocks that fail to signal are rejected as invalid. Lock-in becomes guaranteed. Activation follows two weeks later, and the rules expire on their own about a year after that.

… Continue reading the full article at the original source below.