MicroStrategy Executive Michael Saylor predicts Bitcoin to reach $100,000 within one year

MicroStrategy Executive Chairman Michael Saylor has signaled optimism for a new Bitcoin bull market, predicting the cryptocurrency will exceed $100,000 within the next 12 months. Saylor noted that Bitcoin recently bounced off its 200-week moving average, a level he described as a typical floor during bear markets.

As part of a broader capital management strategy, MicroStrategy (MSTR) continues to act as a major Bitcoin treasury institution. The company holds approximately 848,517 BTC, valued at an estimated $70 billion to $72 billion. Saylor indicated that while the company remains a net buyer of Bitcoin, it maintains the flexibility to sell holdings to fund dividends, repurchase shares, or support credit instruments.

To enhance shareholder value, MicroStrategy is seeking approval to transition its preferred stock (STRC) to a daily dividend payout schedule. This move follows a period where the company has utilized various financial levers, including common stock and credit instruments, to expand its Bitcoin reserves. Analysts note that while corporate Bitcoin buying slowed in the third quarter, a price rally could revive interest among treasury-focused firms.