Senator Lummis Proposes Tax Reform For Bitcoin Miners

Strategy (previously MicroStrategy) recently conducted its third-largest Bitcoin purchase in terms of dollar cost. The firm made this move shortly before revealing its huge successes in Q2 2025, indicating its steady long-term commitment.

Chairman Michael Saylor recently appeared in an interview, explaining his vision for the company’s future. Despite BTC’s slight drop last week, he remains confident in a multi-decade vision for crypto.

Strategy Keeps Buying Bitcoin

Strategy has been a pioneer with its Bitcoin treasury technique, specifically becoming the world leader of corporate crypto acquisition.

After months of consecutive stock offerings and ambitious purchases, the firm made its third-largest buy by US dollars last week. Outpacing the firm’s biggest moves in 2025, this signaled a firm commitment.

Strategy’s latest Bitcoin acquisition is quite impressive for a few reasons. First of all, this happened towards the tail of a highly profitable quarter for the firm, which followed a bleak posting in Q1 2025.

Strategy continued buying before its new net income was fully realized. Second, Bitcoin’s price momentarily fell shortly after this purchase, for unrelated reasons.

What’s Next for MicroStrategy’s Bitcoin Strategy?

To explain his unorthodox moves, Strategy Chair Michael Saylor agreed to an interview to discuss this ambitious Bitcoin purchase.

His comments were very enthusiastic, brushing off any minor price setbacks as usual.

“This is digital capital. If you’re using traditional treasuries as capital, you’re underperforming the S&P 500 by 10% a year. You’re burning money. If you’re using Bitcoin, you’re outperforming the S&P by something like 40% a year. The more capital you raise [and] hold, the faster you create shareholder value,” Saylor claimed.

In essence, Saylor downplayed the possible risks of Strategy’s Bitcoin purchases, envisioning a scenario where retail traders will continually buy stock to reap higher gains.

Rather than claiming that the firm will hodl its assets forever, Saylor offhandedly mentioned wanting to custody BTC for 21 years. Meanwhile, these stock sales generate massive yields.

Also, Saylor was asked if he’d consider investing in any altcoins, and he praised the TON ecosystem in response. He saluted TON’s technical innovations and enthusiastic community, but Saylor is firmly in the BTC maximalist camp.

Whatever happens next, Saylor isn’t getting off this train any time soon. He spoke of Strategy investors’ desire to use Bitcoin to achieve 2x gains, but claimed it has much more potential.

For now, the company will remain a standard-bearer of corporate confidence in BTC through thick and thin.

The post Saylor Explains Strategy’s Goals After Its Third-Largest Bitcoin Purchase appeared first on BeInCrypto.

HashKey Group Chairman and CEO Xiao Feng kicked off the 2025 Hong Kong Web3 Festival on Sunday with a keynote address highlighting blockchain technology’s transformative impact on global financial infrastructure.

Speaking to an early morning crowd at the Hong Kong Convention and Exhibition Center, Xiao described blockchain as “a new generation of financial infrastructure” that fundamentally changes how financial transactions are recorded, settled and governed.

Industrial Revolution Requires Financial Innovation

“Any industrial revolution must wait for a financial revolution,” Xiao told attendees at the four-day event hosted by his company.

Xiao emphasized historical parallels between technological and financial evolution: banking credit supported the British Industrial Revolution, stock markets enabled the electrical revolution in America, and venture capital fueled Silicon Valley’s information revolution.

“Cryptocurrency finance will become the core financial innovation supporting the fourth industrial revolution.”

The executive highlighted key differences between traditional and blockchain-based finance, including the shift from bank accounts to digital wallets and the move from batch settlement systems to instantaneous transaction completion.

Regulatory Changes and Market Evolution

Xiao noted the significance of the U.S. Securities and Exchange Commission’s recent decision not to classify dollar-backed stablecoins as securities, suggesting this allows more institutions to participate in monetary creation processes.

He also pointed to major stock exchanges moving toward 23-hour trading cycles, compared to blockchain markets that operate continuously.

“Traditional exchanges will eventually need to adapt to compete with cryptocurrency markets that have operated 24/7 since day one,” Xiao predicted.

Hong Kong’s Strategic Role

The event features several high-profile regulators, including Paul Chan Mo-po, Financial Secretary of the Hong Kong Government; Joseph H. L. Chan, Under Secretary for Financial Services and the Treasury; Christina Choi, Executive Director of Investment Products at the Securities and Futures Commission; and George Chou, Chief Fintech Officer of the Hong Kong Monetary Authority.

While mainland China maintains strict prohibitions on cryptocurrencies, analysts view Hong Kong’s supportive stance as a strategic testing ground for the technology’s potential. This approach effectively creates a regulatory breathing space where blockchain innovations can develop under controlled conditions, potentially informing future policies across the broader Chinese economy.

The Web3 Festival continues through Wednesday with industry panels, demonstrations and networking events, bringing together blockchain developers, investors and technology enthusiasts from around the world.

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