‘We buy real Bitcoin’- Michael Saylor rejects ‘paper BTC’ claims

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However, Michael Saylor, founder and chairman of Strategy, dismissed these claims and clarified,“We buy real Bitcoin. You shouldn’t either.”Strategy faces scrutiny over BTC holdingsCurrently, Strategy holds 712K BTC, with most of the stash accumulated in the past two years. In 2024, the firm invested about $20 billion in Bitcoin [BTC] and added another $23 billion in the crypto asset in 2025. This got Jameson Lopp, a security researcher and Founder of the BTC custody platform CasaHODL, wondering whether he’s actually buying the real BTC. I’m skeptical.”Strategy’s +110K BTC untraceableStrategy currently uses three custodians to store its BTC: Coinbase, Anchorage, and Anchorage Digital.