Michael Saylor Says Bitcoin Won’t Moon Right After Corporate Buys

Strategy chairman Michael Saylor says large institutional Bitcoin purchases do not always trigger immediate price gains, urging investors to remain patient.

In a post on X on Thursday, Saylor explained that market reactions to major acquisitions often appear with a delay rather than instantly. According to him, price momentum often develops some time after large buying events.

His comment was widely interpreted as a reminder that short-term price movements do not always reflect underlying demand. Many cryptocurrency supporters saw the message as another endorsement of the long-standing “HODL” strategy.

The post quickly gained traction online, drawing a mix of reactions. Some referenced memes about Saylor’s earlier Bitcoin advocacy, while others offered support for his long-term outlook.

Key Points

• Michael Saylor stresses that Bitcoin price gains from large institutional buys often appear with a delay.
• Strategy announced a purchase of 17,994 BTC (~$1.28B), marking its 102nd acquisition and 11th consecutive week of accumulation.
• Despite the latest buy, Strategy holds about $3.35 billion in unrealized losses on its Bitcoin reserves.
• Strategy’s stock trades below the value of its Bitcoin holdings, tying the company’s financial profile closely to crypto performance.
• Saylor defended the long-term strategy, projecting that Bitcoin could grow by 30% per year over the next two decades.
• Analysts note strong demand signals, with Bitcoin support above $70,000 hinting at a possible target near $76,000.

Strategy Extends Its Bitcoin Accumulation Streak

Notably, Saylor’s remarks came shortly after Strategy announced another major Bitcoin purchase. The company revealed it acquired 17,994 BTC last week for approximately $1.28 billion, paying an average price of $70,946 per coin. 

Overall, the latest buy marked Strategy’s 102nd Bitcoin acquisition and its 11th consecutive week of accumulation.

At the time of writing, Bitcoin was trading around $71,970. Despite the latest purchase, Strategy currently holds approximately $3.35 billion in unrealized losses on its Bitcoin reserves.

Even so, the firm’s financial profile remains closely tied to the cryptocurrency. Strategy’s market capitalization stands near $47 billion, while the value of its Bitcoin holdings is estimated at $52.65 billion. In other words, the company’s stock trades below the value of its digital asset treasury.

Saylor Defends the Long-Term Bitcoin Strategy

Despite this, Saylor has repeatedly defended Strategy’s Bitcoin-focused business model. For context, in a previous interview with Fox Business, he outlined how the company plans to navigate market fluctuations over the long term. Saylor argued that Strategy could continue paying dividends if Bitcoin grows by at least 1.25% annually. He suggested that even modest appreciation could support shareholder value over time.

He also addressed the possibility of a prolonged period of flat prices. In that scenario, Saylor said the company would still have around 80 years to adjust its strategy and capital structure.

Looking further ahead, he expressed confidence that Bitcoin could grow by roughly 30% annually over the next two decades, reinforcing his bullish outlook on the asset.

Analysts See Signs of Strong Demand

Meanwhile, a cryptocurrency analyst known as Ted pointed to a recent rise in the Coinbase Premium, a metric that often signals strong spot demand from investors using the Coinbase exchange.

According to the analyst, if Bitcoin maintains support above $70,000, the next potential target could be around $76,000.

Notably, that level sits close to the average price at which Strategy accumulated its entire Bitcoin position, therefore making it a psychologically significant zone for both the company and the broader market.