“Bitcoin has won. Now it must survive victory,” Strategy executive chairman Michael Saylor said on July 28. Strategy (Nasdaq: MSTR) is a business intelligence and software company that has al
“Bitcoin has won. Now it must survive victory,” Strategy executive chairman Michael Saylor said on July 28.
Strategy (Nasdaq: MSTR) is a business intelligence and software company that has also become the world’s largest corporate holder of Bitcoin. As of July 28, it holds 843,775 BTC, valued at roughly $53.92 billion.
Saylor argued that Bitcoin’s gravest threat no longer comes from governments, regulators or external attackers.
Instead, he warned that factions within the community could undermine the network by rewriting its consensus rules.
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“Bitcoin’s consensus rules are its constitution,” Saylor said.
“To rewrite them for the convenience of any faction is to attack the economic rights of every participant today and every generation to come.”
His comments come as debate over Bitcoin Improvement Proposal 110 reaches a critical stage. The proposal’s mandatory signaling window is expected to begin around Aug. 9.
Saylor said changes that restrict transactions could permanently weaken Bitcoin’s neutrality. He also warned that political battles over protocol rules could further discourage investment and innovation.
BIP-110 proposes a temporary soft fork that would restrict some methods used to place arbitrary data in Bitcoin transactions. The rules would remain in effect for roughly one year.
Supporters describe the proposal as an anti-spam measure intended to reduce unnecessary data storage. Critics argue it would censor valid, fee-paying transactions and establish a dangerous precedent.
“BIP 110 would impose monetary purity by fiat,” Saylor said on July 21.
He also opposed the proposal on July 11, warning that it would turn a dispute over spam into a consensus change.
Blockstream co-founder Adam Back has also rejected the plan and warned that forcing activation could create a minority fork.
Miner support has climbed to about 2.64% from below 1% in recent weeks, but the proposal remains well short of broad backing from the network's largest mining pools.
The dispute has become one of Bitcoin’s most consequential governance battles of 2026.
At the time of publication, Bitcoin traded at $63,909, down 0.35% over the day. Strategy shares traded at $97.36, down about 1.31%.
