Michael Saylor's Bitcoin Strategy Amidst Market Volatility
If Michael Saylor Would Pay Any Price For Bitcoin, Why Do People Keep Selling At $77,000?
Image: Benzinga
Michael Saylor, CEO of Strategy Inc., continues to buy Bitcoin despite its current price of around $75,000, averaging down his cost basis. Institutional investors are also increasing their stakes in Bitcoin-related assets, indicating a potential supply shock as mining output dwindles and demand from treasury companies remains strong.
- 01Michael Saylor's average purchase price for Bitcoin is $75,577, and he aims to accumulate 800,000 coins.
- 02Blockstream CEO Adam Back plans to invest $1.5 billion in Bitcoin, following similar strategies to Saylor.
- 03In Q1 2026, 13 of the top 15 institutional shareholders increased their positions in Strategy Inc. (MSTR) by $4.6 billion, despite a nearly 18% decline in share price.
- 04Capital International made the largest single stake increase of $1.92 billion in MSTR shares during this period.
- 05The daily mining supply of Bitcoin is approximately 450 coins, contributing to a potential supply shock as demand from treasury companies rises.
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Michael Saylor, the CEO of Strategy Inc. (NASDAQ:MSTR), is continuing to buy Bitcoin at an average cost of $75,577 per coin, aiming to accumulate a total of 800,000 coins. Despite the current price around $75,000, Saylor's strategy reflects a belief in Bitcoin's long-term value. According to Samson Mow, CEO of JAN3, Saylor and other treasury companies are 'price-insensitive buyers' who will continue to purchase Bitcoin regardless of price fluctuations. This sentiment is echoed by Blockstream CEO Adam Back, who plans to deploy $1.5 billion into Bitcoin investments over the coming month. Additionally, recent 13F filings reveal that 13 of the top 15 institutional shareholders increased their holdings in MSTR by $4.6 billion, even as the stock fell nearly 18%. The mining supply of Bitcoin is dwindling, with only 450 coins mined daily, suggesting an impending supply shock as demand from institutional buyers rises. Mow emphasizes that the liquidity on exchanges is not indicative of coins available for permanent sale, hinting at a tightening market.
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The ongoing accumulation of Bitcoin by treasury companies may lead to increased prices and reduced availability for retail investors.
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