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- Michael Saylor doubles down despite dip, calls Bitcoin a million-dollar asset if not zero.
- Strategy adds 1,045 BTC at $105K average, now holds 582,000 coins worth $63.85 billion.
Michael Saylor, executive chairman of Strategy (formerly MicroStrategy), reinforced his ultra-bullish stance on Bitcoin even as the cryptocurrency dipped below $104,000. In a post on his official X account, Saylor responded to the recent market slump with a bold projection:
If it’s not going to zero, it’s going to a million.
This came shortly after Bitcoin’s price dropped 4.33% on June 13, falling from $108,350 to $103,660 before recovering by 2.35%. Saylor’s comment sparked strong reactions, especially among Bitcoin loyalists, who echoed similar long-term expectations.
Adam Livingston, an author known for backing Bitcoin, projected a future value of $13 million per coin by 2045. Adam Back, CEO of BlockStream, also mentioned a past interaction with investor Alistair Milne, involving an offer to buy all 21 million bitcoins at $0.02 each. While that 2020 offer was never executed, it resurfaced as people revisited old predictions in light of the recent price movement.
Saylor Adds 1,045 BTC—Total Holdings Now 582,000
While others post, Saylor continues to put money behind his words. As per a U.S. Securities and Exchange Commission (SEC) filing, Strategy added another 1,045 BTC to its treasury on June 9, buying at an average price of $105,426. This brought the company’s total BTC holdings to 582,000 BTC, now worth roughly $63.85 billion.
Strategy has acquired 1,045 BTC for ~$110.2 million at ~$105,426 per bitcoin and has achieved BTC Yield of 17.1% YTD 2025. As of 6/8/2025, we hodl 582,000 $BTC acquired for ~$40.79 billion at ~$70,086 per bitcoin. $MSTR $STRK $STRF $STRDhttps://t.co/blyWfRskjE
— Strategy (@Strategy) June 9, 2025
This accumulation began in August 2020 when the company made its first purchase of 21,454 BTC for $250 million. Since then, it has secured over 2.75% of the total Bitcoin supply. During the same period, its market value has jumped from $1.2 billion in July 2020 to $104.6 billion today.
Saylor’s consistent acquisition strategy has positioned Strategy as the single-largest publicly traded holder of Bitcoin. His belief remains unchanged through market cycles, which continues to draw attention from both retail and institutional watchers.
Bitcoin’s Expanding Channel — Reversal Signal or Fakeout?
Bitcoin’s daily chart shows an expanding channel pattern, often seen ahead of reversals. The 50-day EMA is currently at $102,655, which some traders are watching as a possible level for a pullback or bounce.
The 200-day EMA is still pointing upward, indicating buyers remain active over the longer term. On the other hand, the MACD is showing mixed signals. A bearish crossover and rising red histogram bars suggest short-term hesitation or pressure.
If Bitcoin holds above $100,000, price targets near $107,281 or $109,631 remain in play. If that support weakens, it may fall toward $104,810 or $102,470.
Popular trader CrypNuevo added,
I think we’re good for more upside as long as we manage to hold the $100k psychological support level.
