Just 17 years after Hal Finney typed “Running bitcoin” on X, Michael Saylor posted the exact same phrase.
The date was not just a guess. On Jan. 11, 2009, Finney sent the first-ever tweet confirming that Bitcoin was up and running. On Jan. 10, 2026, Saylor put on a near-perfect anniversary show — simple and calculated — as the company he runs holds one of the world’s biggest Bitcoin treasuries.
Strategy, formerly known as MicroStrategy, owns 673,783 BTC, which they bought on average for $75,024. At current prices, that stake is worth over $61.16 billion — a 20.98% unrealized gain.
Even so, MSTR shares are still trading way below their net asset value, with a basic NAV multiple of 0.739 and a diluted NAV of 0.823. That spread leaves billions in unpriced exposure, even after five years of consistent accumulation.
The message also comes at a time when there is a lot of interest in Bitcoin’s role in the world of money again. While there are now spot ETFs, Saylor’s firm continues to operate as a high-leverage BTC proxy — without redemption features, without fee compression and without strategic drift.
Running Bitcoin in 2026
The company’s enterprise value currently reflects just under 96% of its BTC holdings, suggesting that institutional investors are still reluctant to value Strategy at the same level as its main asset.
Back in 2009, “running Bitcoin” was all about getting software together on your own machine and hooking it up to a network with a couple of folks. In 2026, it now describes a public company that holds over 3% of the total Bitcoin supply — with no hedge, no escape plan and no excuse.
Saylor did not explain his tweet — the date did the talking.
Disclaimer: The information on this page may come from third parties and does not represent the views or opinions of Gate. The content displayed on this page is for reference only and does not constitute any financial, investment, or legal advice. Gate does not guarantee the accuracy or completeness of the information and shall not be liable for any losses arising from the use of this information. Virtual asset investments carry high risks and are subject to significant price volatility. You may lose all of your invested principal. Please fully understand the relevant risks and make prudent decisions based on your own financial situation and risk tolerance. For details, please refer to
Disclaimer.
Related Articles
The U.S. government transferred 2.4 Bitcoins to a certain CEX address.
Gate News update, April 11, according to Arkham data, about 8 hours ago the U.S. government address transferred a total of approximately 2.438 BTC to a certain CEX address in two transactions, of 0.46 BTC and 1.979 BTC, respectively. The related funds belong to the Bitcoin that was previously seized by law enforcement from Glenn Olivio.
GateNews54m ago
Strategy bought 3,468 BTC via STRC perpetual preferred stock at today’s early morning hours.
Gate News update: On April 11, Strategy (formerly MicroStrategy) led by Michael Saylor purchased 3,468 BTC early this morning through its perpetual preferred stock STRC（Stretch）.
GateNews1h ago
Thailand Tightens Crypto Rules While Expanding Bitcoin Products
Hidden Funders Face Shareholder-Level Scrutiny
Thailand is moving to tighten control over crypto ownership structures while expanding regulated market access. Authorities plan to track hidden financiers and restrict illicit capital flows. At the same time, regulators are opening pathways for
CryptoBreaking1h ago
BlackRock withdrew 3,741 BTC and 41,075 ETH from a certain CEX, totaling approximately $364 million in value
Gate News message: On April 11, according to monitoring by Onchain Lens, BlackRock withdrew 3,741 BTC (worth $272.49 million) and 41,075 ETH (worth $92.00 million) from a certain CEX. The total value of the two transfers is about $364 million.
GateNews1h ago
Polymarket data: The probability that Bitcoin will break $75,000 in April is 77%
Polymarket data shows that the probability of Bitcoin breaking above $75,000 in April is 77%, and the probability of breaking above $80,000 is 24%; the probability of dropping to below $65,000 is 30%. Deribit data shows that the max pain（maximum pain）price for Bitcoin options expiring on April 24 is $70,000, with a notional amount of approximately $6.98 billion.
GateNews1h ago
