Michael Saylor, the executive chairman of Strategy (formerly MicroStrategy) and arguably Bitcoin’s most vocal corporate evangelist, has come out swinging against a proposed change to Bitcoin’s consensus rules. His weapon of choice: a lengthy essay titled “110 Reasons BIP-110 Is a Bad Idea,” published on July 18-19, 2026.
The man whose company holds 843,775 BTC, worth roughly $54.31 billion at current prices, clearly has some skin in this game.
What BIP-110 actually proposes
Bitcoin Improvement Proposal 110 is a temporary soft fork designed to restrict arbitrary data storage on the Bitcoin blockchain. The proposal includes seven specific restrictions on data storage methods. It also lowers the miner signaling threshold required for activation to 55%, down from the traditional 95% supermajority that Bitcoin soft forks have historically required.
The activation target is set for August 2026, though the proposal currently lacks substantial support to hit even that reduced threshold.
