Foreign media reports indicate that Strategy Chairman Michael Saylor attributes the recent weakness in the crypto market to a massive global shift of funds towards AI infrastructure, rather than structural problems with Bitcoin itself. According to him, AI-related funding has absorbed a significant amount of liquidity in recent months, and spot Bitcoin ETFs have also experienced net outflows during this period.
Saylor says funding is shifting towards AI
Saylor stated on social media that approximately $400 billion has flowed into AI infrastructure construction in global capital markets over the past six months. Meanwhile, since May 14th, spot Bitcoin ETFs have seen a net outflow of approximately $4 billion, putting pressure on Bitcoin prices.
He believes this is more like a cross-asset, cross-industry rotation of funds than a sign of market loss of confidence in Bitcoin. The article mentions that since early June, both Bitcoin and Strategy's stock price, MSTR, have fallen by more than 10%.
Strategy's holdings are still at a paper loss.
The article states that Strategy currently holds 843,706 BTC on its balance sheet, worth approximately $53.3 billion according to the article's estimates. Of these, 171,209 BTC have been newly purchased since the beginning of the year, representing approximately 25.5% of its total holdings.
Based on a cumulative investment of $63.87 billion, Strategy's average purchase cost is approximately $75,702 per unit. According to the estimates given in the article, the company currently has unrealized losses of approximately $11 billion.
- Holdings: 843,706 BTC
- Total investment: approximately US$63.87 billion
- The article estimates the unrealized loss at approximately US$11 billion.
The company is also advancing its AI software business.
Foreign media also noted that Strategy is not just a Bitcoin treasury company. Saylor believes that the company is essentially still an information service provider, and is promoting the commercialization of enterprise AI businesses through the Mosaic platform.
The report mentions that Strategy is attempting to provide validated business metrics to its models using its so-called "general semantic layer" to reduce output bias in large models; at the same time, it manages data security issues for enterprises using autonomous AI agents through data governance tools.
According to the article, Saylor is pushing for a two-pronged approach: on one hand, the enterprise software business provides relatively stable operating revenue, while on the other hand, it continues to hold Bitcoin as a core reserve asset.
