Saylor Says He Would Buy Bitcoin Even at $8 Million
Michael Saylor stated that he would continue to buy Bitcoin even if the price reaches $8 million per coin.
As the Executive Chairman of Strategy, Saylor emphasized during a podcast at the Consensus conference that Bitcoin is digital capital and will be pursued indefinitely by institutions, willing to buy at high levels such as $8 million and $16 million.
Strategy has held over 700,000 Bitcoins, accumulated through debt and equity financing, and previously purchased more than the global miner output in 2026.
Institutions and long-term holders continue to buy Bitcoin at any price, benefiting companies like Strategy from leveraged gains as prices rise, while short-term speculators face pressure from volatility, with funds flowing into Bitcoin as a reserve asset allocation channel.
Source: Public Information
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Michael Saylor has led MicroStrategy (now Strategy) to incorporate Bitcoin into its core financial strategy since 2020, accumulating over 700,000 BTC and publicly increasing holdings multiple times when Bitcoin was at low levels. He has faced controversy over significant stock price declines during the 2022 bear market but has consistently adhered to the "never sell" principle.
In terms of capital strategy, Strategy continues to buy Bitcoin by raising funds through convertible bonds and stock issuance, motivated by transforming the company into a Bitcoin development firm, strategically using Bitcoin as a superior capital asset to combat dollar depreciation, while leveraging high debt to amplify holding returns and create returns for shareholders that far exceed traditional companies.
Similar to Cathie Wood of ARK Invest, who has a long-term bullish outlook on Bitcoin, Saylor's statement positions Strategy in an expansion phase of Bitcoin adoption from early experimentation to mainstream reserve asset, rather than mere speculation.
Essentially, this represents capital concentration. Saylor's extreme willingness to buy accelerates the transfer of Bitcoin's pricing power from a fringe asset to institutional digital gold, with the mechanism being the conversion of company cash flow into long-term Bitcoin holdings, prompting capital to concentrate from traditional equities and bonds into scarce digital assets, leading to a restructuring of corporate balance sheets.
ABAB News · Law of Cognition
The stronger the belief, the higher the buying price can still lead to victory.
Price is an illusion; scarcity is the eternal leverage.
Those who are bullish to the point of madness often define the ceiling of the next cycle.