- Michael Saylor believes Bitcoin could see a price surge before year-end, citing demand outstripping new supply.
- He argues that corporate treasuries and ETFs are consistently acquiring more BTC than miners are releasing, tightening the market.
- Saylor views Bitcoin as the “ideal form of digital capital” to back digital credit instruments, expecting the price to push higher once recent liquidations are absorbed.
Strategy’s chairman, Michael Saylor, expects Bitcoin (BTC) to climb again before year-end, arguing that demand from companies and institutional investment vehicles is consistently outstripping new supply.
The executive chairman said in a CNBC interview that both corporate treasuries and exchange-traded funds are taking in more coins than miners release, which is reshaping market dynamics.
Treasury companies are holding digital capital and creating digital credit instruments (…) There’s a huge demand for equity credit instruments in traditional capital markets, and Bitcoin is emerging as the ideal form of digital capital to back those.
Michael Saylor, Strategy Chairman.Regarding the amount of BTC acquired vs. mined, figures from Bitbo show miners produce about 900 BTC per day, and by contrast, River Financial estimates that firms are acquiring 1,755 BTC daily in 2025, while ETFs are absorbing an additional 1,430.
Saylor said this imbalance is leaving fewer coins in circulation and gradually tightening the market.
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Strategy recently added 525 Bitcoin, pushing its stash to 638,985 BTC, worth over US$73 billion (AU$112 billion). Similarly, Metaplanet, another Bitcoin-focused company, announced the creation of two new subsidiaries in the US, aimed at expanding its global crypto strategy.
Market Outlook
Bitcoin has been fluctuating between US$111,369 (AU$170,395) and US$113,301 (AU$173,351) over the past day, and between US$111,658 (AU$170,837) and US$117,851 (AU$180,312) during the week, according to CoinGecko data.
On Monday, close to US$2 billion (AU$3.06 billion) in leveraged positions were liquidated in one of the year’s sharpest shakeouts, which analysts described as technical in nature rather than driven by fundamentals. Saylor said he expects the asset to push higher once markets absorb these headwinds.
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