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Key Takeaways
- Michael Saylor claims Strategy’s investment strategy is accelerating Bitcoin adoption.
- Strategy continues aggressive accumulation.
- Saylor says BTC would likely be just $10,000 today without the firm’s participation.
- Analysts warn of rising bear market risks.
Strategy founder Michael Saylor said his firm’s investment approach is accelerating Bitcoin’s global adoption and helping push the cryptocurrency toward a potential $10 million valuation, even as the market faces warnings of a renewed bear cycle.
Speaking at the Bitcoin MENA conference , Saylor argued that corporate participation is now a critical force behind Bitcoin’s long-term monetization, and that his firm is powering the network rather than threatening it.
The comments come as the Bitcoin-hungry company shocked the industry with another purchase of 10,624 BTC for approximately $962.7 million.
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Saylor Defends Accumulation Strategy
Saylor said Strategy has already expanded Bitcoin exposure to millions of beneficiaries through its equity structure and institutional backing.
“First of all, we have somewhere in the range of 15 million beneficiaries,” he said, noting that shareholders include everything from pension funds to retail accounts.
Adding: “We have delivered Bitcoin interest to 15 million people, and that will double to 100 million people over the next few years.”
Saylor argued that Bitcoin’s decentralization is increasing as the asset appreciates, saying that “85% of all Bitcoin is held in dark pools, and no one knows who owns it.”
Since joining the network, he claimed, Strategy’s capital flows have contributed to a price increase of roughly $1.8 trillion, largely benefiting holders outside the corporate sphere.
Bitcoin To $10 Million, Just $10,000 Without Saylor
He said Bitcoin’s value could surge dramatically if Strategy’s share of the network grows.
“If we’re lucky enough, if we ever get to 5% of the network, Bitcoin’s going to be at least a million coins,” Saylor said. “And if we ever get to 7.5% of the network, Bitcoin will be 10 million coins.”
He maintained that corporate investment is essential for Bitcoin to scale toward a multi-trillion-dollar asset class.
“We really represent a motor, and we’re powering the network up. We’re driving the price of Bitcoin up from $10,000 to $100,000 or $1 million to $10 million,” he said.
Saylor added that without Strategy’s equity and credit instruments providing institutional on-ramps, “Bitcoin would probably be trading at $10,000 a coin right now.”
Accumulating Bitcoin Continues
Despite recent price weakness, Saylor has continued adding to the company’s holdings.
On Dec. 8, he announced that Strategy purchased 10,624 BTC for approximately $962.7 million at an average price of $90,615 per coin.
The firm reported a 24.7% BTC yield year-to-date for 2025.
As of Dec. 7, Strategy holds 660,624 BTC, acquired for roughly $49.35 billion at an average price of $74,696.
Chaitanya Jain, head of Bitcoin at Strategy, shared the newest buy on X: “Closing in on $50 Billion of total investment in $BTC.”
Analysts Warn Bear Market Risks Are Rising
However, there is growing concern among analysts that trouble is ahead.
Bitcoin may already have shifted into a prolonged downtrend, according to several prominent experts.
Valdrin Tahiri, an analyst at CCN, described the breakdown as a “clear and alarming signal.”
“After months of trading within a significant long-term parallel channel, the price has broken down decisively, a move that analysts confirm as the start of a major bear market,” he said.
He warned that current indicators resemble those seen before the 2021 market collapse.
“Chart patterns and technical indicators are mirroring the conditions seen at the beginning of the 2021 crash, fueling fears that the bull run of 2024–2025 is over.”
Tahiri said the technical picture is now “overwhelmingly bearish,” with negative momentum and historical parallels pointing to additional downside.
Analysts highlight $70,500 as the next key support level.
“Unless Bitcoin manages an immediate and powerful reversal to reclaim the broken channel, extreme caution is warranted,” he added.
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