Bitcoin Price Will Hit $21M, Claims Michael Saylor, Following Strategy’s Latest $1B Purchase

Michael Saylor reiterated an extreme long-term bullish view for Bitcoin, saying it could eventually reach $21 million per coin, while his company Strategy bought about 13,927 BTC (~$1.0 billion) funded via sales of its variable-rate preferred stock (STRC). Strategy’s holdings now total 780,897 BTC (acquired for roughly $59.02 billion at an average $75,577). Saylor argues that broader bank acceptance, securitization via ETFs and credit products, and reduced rehypothecation could tighten available supply, force short-covering and channel large institutional capital into Bitcoin—factors that would materially lift prices over decades. The article frames the purchase and financing model as part of a push to enable mainstream investor access, though it notes persistent volatility, skeptical counterviews, and Strategy’s common stock having fallen ~59% over the past year. Overall market implication: renewed institutional accumulation and novel financing could be bullish for long-term Bitcoin demand, but near-term risks remain high.