'Rich People Buy Bitcoin': Michael Saylor Likens BTC Strategy to Golf Play

Michael Saylor likens Bitcoin strategy to golf as Strategy claims the No. 2 S&P 500 reserve spot despite a paradox re-buy.

Gamza Khanzadaev · 3 Sep 2026 · 5 min read

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‘Rich People Buy Bitcoin’: Michael Saylor Likens BTC Strategy to Golf Play

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By
Gamza Khanzadaev

Thu, 3/09/2026 – 11:42

Michael Saylor likens Bitcoin strategy to golf as Strategy claims the No. 2 S&P 500 reserve spot despite a paradox re-buy.

'Rich People Buy Bitcoin': Michael Saylor Likens BTC Strategy to Golf Play

Cover image via depositphotos.com

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Strategy (MSTR) chairman Michael Saylor has drawn a direct analogy between accumulating cryptocurrency and an aristocratic sport. The billionaire posted a 25-second video filmed on a golf course, where he methodically sinks balls into holes while wearing a business suit in front of an audience.

The main message of the post is that investing in Bitcoin requires the same discipline and composure as playing the strategic “long game” on green fairways, where success depends on the ability to keep “eagling it again.” Saylor states directly in the video that “rich people like to buy Bitcoin” and “buying Bitcoin makes you rich,” summing up his actions with a concise remark: “I need to buy some Bitcoin.”

Strategy overpays for Bitcoin — and believes it is the right thing to do

A recent management maneuver that surprised short-term investors provided a practical example of this logic. During the summer, Strategy sold about 7,000 BTC at prices ranging from $60,000 to $65,000, before buying back 4,603 BTC in late August at $80,318 per coin, for a total of $370 million.

Strategy CEO Phong Le fully supported Saylor’s position, saying in an interview with Bloomberg that the company’s decisions depend “not on the Bitcoin rate, but on the cost of capital.”

According to him, the summer sale covered obligations related to preferred shares, while the August price surge allowed Strategy to raise $602.8 million in inexpensive funding from the stock market for new purchases. Le emphasized that the company would continue buying even at $100,000 because “the asset is bought whenever financing conditions allow it.”

Strategy currently holds 845,050 BTC, worth approximately $65.2 billion at a price of $77,200, as well as $6.7 billion in cash.