TL;DR
- Michael Saylor advocates Bitcoin on corporate balance sheets as a monetary network.
- Strategy’s recent purchase adds 10,624 BTC, totaling over 660,000 Bitcoin held.
- He argues corporate holdings distribute exposure widely to shareholders and institutions.
Michael Saylor used his stage time at the Bitcoin MENA conference to renew his case for Bitcoin (BTC) on corporate balance sheets. The founder and chairman of Strategy described publicly traded firms as engines pushing BTC toward a multi-trillion-dollar role as a monetary network, with equity and credit markets serving as bridges between global savings and crypto assets.
His remarks followed a fresh buying round from Strategy. The company purchased 10,624 BTC for roughly $962.7 million at an average price of $90,615 per coin. Total holdings now stand at 660,624 BTC, accumulated for about $49.35 billion with an average entry price near $74,696. In effect, the firm carries close to $50 billion of direct Bitcoin exposure on its balance sheet.
Michael Saylor just dropped one of the wildest Bitcoin theses yet:
š If corporations ever reach 5% of the supply, #Bitcoin hits $1,000,000.
š At 7.5%? $10,000,000 per BTC.His argument: 85% of Bitcoin is still held in global ādark pools,ā not corporations. Companies likeā¦ pic.twitter.com/lJCv1UNTb4
— Steven Walgenbach (@__CryptoSteve) December 9, 2025
Saylor devoted much of his speech to concerns over concentration of BTC supply in corporate hands. He rejected fears over centralization and presented listed firms as distribution channels for Bitcoin exposure. His estimate points to roughly 15 million indirect beneficiaries of Strategyās BTC stack, including shareholders and institutional investors such as pension funds, insurers and sovereign wealth funds.
Strategy presents corporate treasuries as engines for the BTC network
He also highlighted around 15% of Strategy securities sit in retail accounts at Charles Schwab. For Saylor, the detail shows how Bitcoin exposure passes through brokerage platforms and retirement products into households, instead of remaining locked inside a narrow corporate circle.
In his view, Strategy has already brought Bitcoin onto the radar of roughly 50 million people worldwide through public filings, index inclusion and media coverage. He expects the pool of indirect beneficiaries to climb toward 100 million over the coming years as banks, asset managers and pension plans continue to build BTC exposure.
Even with large numbers around Strategy, Saylor reminded the audience about Bitcoinās broader holder base. His estimate suggests roughly 85% of total supply sits in opaque addresses or so-called dark pools where on-chain data does not reveal the owner. He argued corporate buyers operate above a far larger layer of private and institutional holders who rarely show up in public disclosures.
He also linked Strategyās buying program to growth in Bitcoinās market value since 2020. According to his calculations, capital deployed by the company helped draw about $1.8 trillion of extra value into the network, mostly in gains booked by external holders.Ā
Saylor portrayed Strategyās balance sheet as an on-ramp through which regulated capital enters BTC and lifts the price of coins held by miners, exchanges, investment funds and retail wallets.
