MicroStrategy Buys $7.2B Bitcoin, Chairman Predicts $10M Price Target
MicroStrategy chairman Michael Saylor predicted Bitcoin could reach $10 million as digital credit instruments expand, while the company bought $7.2 billion of BTC in eight weeks to raise its treasury to 818,334 coins. Its obligations stand at 33% of its $63 billion bitcoin holdings, allowing room for additional preferred-share issuance.
1. Saylor’s $10 Million Bitcoin Forecast
Michael Saylor outlined a long-term view that digital credit products referencing Bitcoin as collateral will drive structural demand, projecting a $10 million per coin valuation. He emphasized that global adoption of Bitcoin-denominated lending and settlement instruments would pull fresh capital onto the network and elevate its status as a primary reserve asset.
2. $7.2 Billion Accumulation in Eight Weeks
MicroStrategy purchased $7.2 billion worth of Bitcoin over the past eight weeks, boosting its corporate treasury to 818,334 BTC and maintaining its position as the largest corporate holder. This aggressive accumulation represents the single biggest factor in recent Bitcoin price resilience, supplementing ETF inflows and long-term holder demand.
3. Obligations and Funding Strategy
The firm’s total debt and preferred equity obligations amount to 33% of its $63 billion bitcoin holdings, providing latitude for an estimated $10–$15 billion more in preferred-share (STRC) issuance. Management believes the 11.5% payout on STRC remains attractive versus sub-7% private credit yields, though rising obligations could draw investor scrutiny if they approach 50% of holdings.