Michael Saylor Insists Bitcoin Is “An Offer You Can’t Refuse”

Michael Saylor, the longtime Bitcoin advocate and Strategy chairman says Bitcoin is an irresistible offer. In a post on X, Michael Saylor declared Bitcoin “an offer you can’t refuse,” reinforcing the asset’s growing strategic importance.  Saylor’s remark comes as MicroStrategy continues to expand its Bitcoin holdings. As of this press, Strategy ranks as the highest public company holding the asset with 628,791 BTC. At the current price of $114,278, Strategy Bitcoin holdings stand at $71.87 billion. Strategy began accumulating Bitcoin on August 11, 2020, and since then, the firm has made regular purchases, often funded through preferred stocks . The firm's Bitcoin gain now stands at 55.9%.  The company’s aggressive Bitcoin strategy has positioned it as a major player in the institutional adoption of digital assets. Saylor has consistently advocated for Bitcoin as a superior alternative to cash reserves and other assets. Growing Confidence in Bitcoin Among Institutions Meanwhile, the recent statement from Michael Saylor coincides with a broader wave of institutional interest in Bitcoin. Notably, Bitcoin whales have sold over 500,000 BTC in the past year, worth more than $50 billion. In contrast, institutions, including ETFs and corporate treasuries, have absorbed nearly all of it. Now, they hold about 25% of Bitcoin’s 20 million circulating supply, reshaping the market’s ownership structure. For context, only the U.S. Bitcoin ETFs recorded a net inflow of $6.02 billion in July, making it the third best month after February and November 2024 inflow. In return, Bitcoin has given monumental returns to investors. Data reveals Bitcoin outperformed major assets over the past five years, delivering a 905% return. In comparison, the Invesco QQQ Trust returned 106%, the S&P 500 ETF gained 86%, gold rose 62%, real estate edged up 9%, and bonds fell 19%. Michael Saylor Predicts Bitcoin’s Price to Reach $21M Believing in the long-term potential of Bitcoin, Saylor had earlier outlined a 21-year vision for Bitcoin, projecting a $21 million valuation per coin. He highlighted growing U.S. and global support, with new legislation, regulatory recognition, and over $150 billion in institutional inflows.  Saylor noted rising corporate adoption, including firms like GameStop and Trump Media. He reported Bitcoin’s 56% annual return over five years. The Strategy Chairman compared dollar-cost averaging with leverage to traditional investments, urging businesses to adopt long-term Bitcoin strategies and view volatility as part of early network growth.