• Michael Saylor declares Bitcoin has established a strong market foundation amid growing institutional adoption
  • Strategy (formerly MicroStrategy) continues aggressive Bitcoin acquisition through innovative financing, including recent $1.5 billion convertible bond offering
  • Regulatory shifts and corporate adoption create favorable environment for digital assets as institutional holders surge from single digits to over 250 companies

Michael Saylor, the executive chairman of enterprise software firm Strategy, told CNBC that Bitcoin has "put in a very strong base around here," pointing to accelerating institutional adoption and growing confidence in the digital asset's long-term value proposition.

The comments come as Strategy, formerly known as MicroStrategy, continues its unprecedented corporate Bitcoin acquisition strategy. The company has leveraged its balance sheet and innovative financial instruments—including convertible notes and preferred stock—to substantially increase its digital asset holdings. Most recently, the firm raised $1.5 billion through convertible bonds, with proceeds directed toward additional Bitcoin purchases.

"We've seen institutional adoption jump from just a handful of companies holding Bitcoin in 2020 to over 250 by late 2025," Saylor said during the interview, according to people familiar with his remarks. This rapid expansion reflects a fundamental shift in how corporations view digital assets as part of treasury management strategies.

Regulatory developments appear to be supporting this trend. Recent actions by US regulatory bodies, including the SEC and Treasury, suggest increased acceptance of digital assets. Legislative movements such as the rollback of SAB 121 and the proposed Genius Act indicate a warming environment, though comprehensive digital asset market structure regulation remains pending in Congress.

Saylor framed Bitcoin as embodying "American values" and urged the United States to maintain leadership in digital asset innovation. "What we need is for the US to set the global standard and export principles like capital market leadership and technological freedom," he argued, according to sources who reviewed his talking points.

The financing approach pioneered by Strategy appears to be gaining traction elsewhere. Trump Media recently executed a large convertible bond raise that echoes Strategy's methods, suggesting a broader shift in how companies access capital markets for digital asset exposure.

When reached for comment on Saylor's market outlook, a spokesperson for Strategy declined to elaborate beyond the CNBC interview. However, people familiar with the company's thinking say executives remain confident in their Bitcoin strategy despite periodic market volatility.

As traditional payment networks and financial institutions increasingly collaborate with digital asset firms, the infrastructure supporting corporate Bitcoin adoption continues to mature. Saylor has previously predicted Bitcoin's market capitalization will surpass gold within the next decade, a view that appears increasingly plausible as institutional participation accelerates.

Correction: An earlier version of this article misstated the current number of corporate Bitcoin holders. The correct figure is over 250 companies as of late 2025.