Michael Saylor Declares 'Second Century Starts,' Suggests Upcoming Bitcoin Purchase
Michael Saylor's Bitcoin Holdings: Strategy Chairman Michael Saylor announced that the company currently holds 720,737 BTC, valued at approximately $48.5 billion, and hinted at a new Bitcoin purchase on Sunday.
Recent Trading Activity: Bitcoin was trading at $67,124, down by 1.2% over the past 24 hours, while Strategy's stock closed at $133.53, experiencing a slight decline in after-hours trading.
Investment Strategy: Strategy has made 101 Bitcoin purchases at an average price of about $75,985 each, raising around $237 million through selling its variable rate series preferred stock.
Market Sentiment: Retail sentiment around Bitcoin and Strategy remains bullish, despite slight fluctuations in trading levels, indicating a generally positive outlook among investors.
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- Financial Dependency on Bitcoin: Strategy generated $477 million in revenue in 2025, yet its financial success is entirely reliant on its Bitcoin investment strategy, which has driven its stock price up nearly 1,000% over the past six years, highlighting its close ties to the Bitcoin market.
- Price Correction Opportunity: Currently, Strategy's stock is trading 73% below its peak from November 2024, presenting a buying opportunity for investors, especially against the backdrop of Bitcoin's price correction, as historical data shows Bitcoin typically recovers from significant downturns to reach new highs.
- Market Capitalization and Volatility: With a market cap of $44 billion and a current stock price of $128.64, despite a 0.17% intraday decline, the company's gross margin of 68.69% indicates a strong profitability foundation, requiring investors to be prepared for future market volatility.
- Long-Term Investment Outlook: Looking ahead over the next decade, the upside potential for Strategy's stock is immense, and investors who can withstand volatility may position themselves for substantial financial rewards, particularly if Bitcoin prices rebound, which could enhance Strategy's performance even further.
- Ethereum Holdings Surge: Bitmine now owns over 4% of the total ETH supply, totaling 4,874,858 ETH valued at approximately $10.7 billion, showcasing the company's robust investment capability in the crypto asset space and further solidifying its market leadership.
- Significant Uplisting Progress: Bitmine successfully uplisted to the New York Stock Exchange from NYSE American on April 9, 2026, marking an increase in the company's recognition in capital markets, which is expected to attract more institutional investors and drive stock price appreciation.
- Staking Revenue Growth: Bitmine's total staked ETH has reached 3,334,637 ETH, valued at about $7.4 billion, with projected annual staking revenues of $212 million, indicating the company's competitiveness and profit potential in the cryptocurrency staking market.
- Increased Trading Activity: Bitmine's stock has an average daily trading volume of $747 million in the US market, ranking 117th, reflecting its popularity among investors and is expected to further enhance the company's market influence and capital liquidity.
- Bitcoin Price Fluctuation: Bitcoin fell over 1% to around $70,800 on Monday, yet retail sentiment on Stocktwits turned ‘bullish’, indicating investor optimism about future price movements.
- Fragile Market Structure: CryptoQuant analysis revealed that the recent rally was largely driven by futures leverage, with declining open interest suggesting a fragile market structure that could lead to further price volatility.
- Poor Performance of Related Stocks: Crypto-linked stocks, including Strategy Inc and Coinbase Global Inc, declined in pre-market trading, reflecting the negative impact of Bitcoin's pullback on the market, with Strategy Inc's stock down over 2% in pre-market hours.
- Cautious Analyst Outlook: Analysts noted that without strong spot demand, any rebound in Bitcoin could remain “structurally fragile,” suggesting the market may enter a corrective phase, prompting investors to adjust their growth expectations for the asset.
- Bitcoin Holdings: Michael Saylor's company holds approximately 766,970 BTC at an average purchase price of $75,644, while the current trading price is around $69,000, indicating that most of the investments are underwater and reflecting the volatility and risks associated with the cryptocurrency market.
- Impact of Capital Flows: Saylor argues that Bitcoin's price is no longer anchored to the traditional four-year halving cycle but is driven by institutional capital flows, particularly as Bitcoin ETFs have attracted over $56 billion in net inflows since January 2024, demonstrating institutional recognition and demand for Bitcoin.
- Four-Year Cycle Theory: While Saylor claims the four-year cycle theory is obsolete, Bitcoin's price has still somewhat adhered to this framework, especially in its post-halving price behavior, indicating the market's sensitivity to supply and demand dynamics.
- Long-Term Investment Strategy: Although some of Saylor's claims may be overstated, adopting a long-term investment strategy, such as dollar-cost averaging into Bitcoin, could yield significant returns in the future, especially as Bitcoin becomes increasingly integrated into the mainstream financial system.
- Bitcoin Holdings: Strategy holds approximately 766,970 BTC at an average purchase price of $75,644, while the current trading price is around $69,000, indicating that most of the company's investments are underwater, reflecting vulnerability amid market fluctuations.
- Impact of Capital Flows: Saylor argues that Bitcoin's price is no longer influenced by the traditional four-year halving cycle but is driven by institutional capital flows, particularly from ETFs, corporate treasuries, and investment banks, indicating a growing acceptance of Bitcoin as a scarce store of value.
- ETF Inflows: Since January 2024, Bitcoin ETFs have attracted over $56 billion in net inflows, and while Bitcoin's price has risen by 63% during this period, the relationship between inflows and price increases is not direct, highlighting the complexity of the market.
- Long-Term Investment Strategy: Although some of Saylor's arguments may be overstated, Bitcoin's integration into the financial system means its survival is no longer at stake, suggesting that investors should adopt a dollar-cost averaging strategy to navigate market volatility and seize long-term growth opportunities.
- Cycle Theory Shift: Michael Saylor argues that Bitcoin's four-year cycle is obsolete, suggesting that price is now primarily driven by capital flows rather than halving events, which could significantly alter investors' timing and strategies.
- Institutional Holdings Impact: Corporations now control over 8.5% of circulating Bitcoin, and these institutions are unlikely to trade frequently, which may reduce market volatility and change the characteristics of previous price cycles.
- Rise of ETFs: In a recent 30-day period, spot Bitcoin ETFs absorbed around 50,000 Bitcoin, while daily mining output is only about 450, indicating that institutional participation is redefining Bitcoin's supply-demand dynamics.
- Market Response: Despite the controversy surrounding Saylor's views, Bitcoin remains in a bear market, currently priced around $68,300, down approximately 44% from its 2025 all-time high, indicating that the market is still experiencing cyclical fluctuations.










