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Michael Saylor: Bitcoin’s progress is not shown by charts
Michael Saylor argues that the growing number of Bitcoins held on corporate balance sheets is far more important than short-term price fluctuations. Therefore, he advises not to fixate on price corrections but to focus on the structural growth of the cryptocurrency.
Bitcoin reached an all-time high of $126,000 in early October 2025, but soon pulled back and has been trading in the $90,000–$95,000 range for several months.
Despite Bitcoin’s return to previous levels, Saylor pointed to a sharp increase in the number of public companies holding BTC: while 30–60 large companies invested in Bitcoin in 2024, by the end of 2025 their number had grown to around 200. Strategy alone acquired approximately $25 billion worth of Bitcoin in 2025, and in early 2026 the company added another 13,627 BTC for $1.25 billion.
Saylor also highlighted positive regulatory developments for the crypto industry in the United States. By the end of 2025, major U.S. banks had begun offering loans secured by spot Bitcoin exchange-traded funds (ETFs), and some banks expressed readiness to provide loans directly backed by Bitcoin, the investor said.
In Saylor’s view, companies that buy Bitcoin for long-term holding enjoy much greater flexibility than organizations investing in crypto ETFs, as the former can issue debt instruments and create new credit products or financial services.
The Strategy chairman also dismissed concerns about too many companies holding Bitcoin. He believes that both strong and struggling firms can improve their prospects by owning Bitcoin, although he acknowledged that much depends on sound management strategy.
Earlier, Saylor suggested that even quantum computers will not be able to destroy Bitcoin — by the time a “quantum breakthrough” occurs, the blockchain of the first cryptocurrency will already have been upgraded.
See also: "U.S. SEC Chair: this week will be pivotal for the crypto industry"
