#BinanceHODLerHOME Saylor Declares Bitcoin Winter Over, Says BTC Headed for $1 Million
Strategy co-founder Michael Saylor is brushing off Wall Street skeptics, claiming the companyās bitcoin-backed financial model makes shorting its stock a losing betāand declaring that bitcoin is headed to $1 million.
Saylor: Short Strategy at Your Peril
This week, StrategyĀ added 1,045 bitcoinĀ to its reserves, bringing total holdings to 582,000Ā BTCāvalued at more than $60 billion. In aĀ wide-ranging interviewĀ with Bloomberg, Executive Chairman Michael Saylor rejectedĀ recent criticismĀ from short seller Jim Chanos and defended the premium Strategy shares command over bitcoinās spot price.
Saylor argued Chanos doesnāt truly understand whatĀ Strategyās business model is. āWeāre actually the largest issuer of bitcoin-backed credit instruments in the world,ā Saylor said, highlighting the companyās issuance of preferred stocksāSTRIKE, STRIDE and STRIFEāthat allow it to raise capital without diluting shareholders.
Last weekās bitcoin purchase, worth $110 million, was funded entirely through those instruments. Saylor dismissed concerns about overvaluation, asserting that Strategy is not a closed-end trust but an operating company with the ability to generate additional bitcoin gains. āOur company generated a BTC-dollar gain equal to about $8.4 billion in the first two quarters of this year,ā he said.
Saylor further noted that Strategy is projecting $15 billion in bitcoin-related earnings for 2025. He also delivered a bullish forecast about bitcoinās trajectory: āWinterās not coming back. Bitcoinās not going to zeroāitās going to $1 million.ā Saylor pointed to increasing institutional interest, ETF inflows and a tightening daily supply of just 450Ā BTCĀ as driving forces behind his bullish outlook.
Saylor said:
If bitcoin rallies to $500,000 or $1 million, then sure, it could fall $200,000 from those levels. But right now, it only takes $50 million to turn the engine of the crypto economy.
Saylor also shrugged off concerns aboutĀ quantum computing, arguing that tech giants like Microsoft and Google have no incentive to undermine global cryptography, which would threaten their own businesses. He added that any future threat would be telegraphed well in advance, giving bitcoin ample time to adapt. āBitcoin is less vulnerable than most other digital systems,ā he stressed.
Turning toĀ artificial intelligence (AI), Saylor claimed AI would become one of bitcoinās largest demand drivers. āAI will do 100,000 transactions a minute,ā he said, explaining that the speed and logic of intelligent machines will reject legacy banking infrastructure. Instead, he argued, bitcoin and layer two networks will offer the instant, transparent settlement layer AI will require to function at scale.
#Binance Saylor Declares Bitcoin Winter Over, Eyes $1 Million BTC Milestone
MicroStrategyās Michael Saylor Doubles Down on Bitcoin Optimism, Rejects Critics
Michael Saylor, Executive Chairman and co-founder of Strategy (formerly MicroStrategy), has declared that the long-feared āBitcoin winterā is officially over. In a bold new interview with Bloomberg, Saylor laid out his bullish case for the future of bitcoin (BTC), suggesting the asset is firmly on a path to reach $1 million.
Strategyās Latest BTC Acquisition
This week, Strategy expanded its already-massive bitcoin holdings with the purchase of 1,045 BTC, pushing its total reserves to a staggering 582,000 BTCācurrently valued at over $60 billion. The latest $110 million acquisition was funded entirely through Strategyās suite of bitcoin-backed financial instruments, including its preferred stock offerings: STRIKE, STRIDE, and STRIFE.
$BTC Dismissing Wall Street Doubters
#BinanceHODLerAirdrop Saylor also used the interview as an opportunity to respond to recent criticisms, particularly those from prominent short seller Jim Chanos. āHe doesnāt get it,ā Saylor said. āStrategy isnāt a passive bitcoin trustāitās the worldās largest issuer of bitcoin-collateralized credit products.ā
$HOME He added that betting against Strategyās business model is fundamentally flawed. āWeāve created a structure where we raise capital without diluting our equity holders, and then deploy that capital into an appreciating asset. Thatās not something you can short your way out of.ā
$SOLV Strategyās Billion-Dollar Bitcoin Profits
According to Saylor, Strategy has already realized around $8.4 billion in BTC-dollar gains during the first half of 2025. The firm is projecting an additional $15 billion in bitcoin-related earnings for the full year, driven by rising prices, institutional demand, and a supply shock exacerbated by the recent halving.