In his keynote at Bitcoin for Corporations 2025, Michael Saylor, Executive Chairman of Strategy, laid out a powerful case for why Bitcoin represents the most compelling capital asset for corporations today. Saylor emphasized the stark economic realities facing the vast majority of public companies, labeling 96% of them as “zombie companies” that are unable to outperform a Treasury bill.

From Zombie Company to Treasury Titan

Drawing on his own experience at Strategy, Saylor recounted how the company leveraged Bitcoin as a balance sheet strategy starting in 2020, transforming itself from a stagnating enterprise to one of the most profitable Bitcoin-backed firms in the world. “If…

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