Michael Saylor, founder of Strategy, has made bold claims about his firm’s influence on the future of bitcoin.
Saylor argued that without Strategy’s large-scale accumulation and institutional on-ramps, bitcoin would be languishing at $10,000—a fraction of its current value.
Saylor defends accumulation strategy
At the Bitcoin MENA conference, Saylor stated that corporate participation is now essential for bitcoin’s long-term monetization.
He emphasized the impact of Strategy’s equity structure, which he said has expanded bitcoin exposure to millions of beneficiaries. Saylor explained:
“First of all, we have somewhere in the range of 15 million beneficiaries.”
He added that this number could rise to 100 million in the coming years, underscoring the growing reach of institutional and retail investment facilitated by the company.
Saylor also addressed decentralization concerns, stating:
“85% of all bitcoin is held in dark pools, and no one knows who owns it.”
Bold price targets and Strategy’s impact
Saylor contended that if Strategy’s share of the bitcoin network increases, the price could skyrocket. He said:
“If we ever get to 7.5% of the network, bitcoin will be 10 million coins.”
He maintained that corporate investment is driving bitcoin’s value up from $10,000 to new highs.
Without Strategy’s efforts, Saylor claimed, the coin would:
“Probably be trading at $10,000 a coin right now.”
Ongoing accumulation despite market volatility
Strategy recently acquired 10,624 BTC for roughly $962.7 million at an average price of $90,615 per coin, bringing its total holdings to 660,624 BTC.
Year-to-date, the firm has delivered a 24.7% yield on its bitcoin position.
Analysts warn of bear market risks
Despite Saylor’s bullishness, some analysts are sounding the alarm.
CCN analyst Valdrin Tahiri noted the price has broken down from a long-term parallel channel, calling it “a clear and alarming signal.”
“Chart patterns and technical indicators are mirroring the conditions seen at the beginning of the 2021 crash, fueling fears that the bull run of 2024–2025 is over.”
Tahiri warned that unless bitcoin reclaims lost technical support soon, more downside could be ahead. For technical analysis and drawdown data, see the bitcoin price drawdown from all-time high chart.
