Michael Saylor, Executive Chairman of Strategy, has acknowledged a decade-old misstep in his early view of Bitcoin, calling it a “big mistake.” His comment comes as the firm continues its aggressive Bitcoin acquisition strategy, recently purchasing nearly $1 billion worth of BTC. Saylor now frames Bitcoin’s lack of price reaction to large buys as a sign of market maturity, not weakness, highlighting its evolution into a stable digital capital network.
Between December 8 and 14, 2025, Strategy purchased approximately $980.3 million worth of Bitcoin. Despite this large-scale acquisition, the price of Bitcoin showed little reaction. Saylor described this as a positive signal, suggesting that Bitcoin has reached a level of liquidity and global adoption that makes it resistant to influence from single entities—even those with sizable capital.
Speaking on the Galaxy Brains podcast, Saylor said that Bitcoin’s near-term price movements are now driven more by derivatives and perpetual futures trading than by spot purchases. He added that the influence of anonymous traders and institutional capital has reshaped how the asset responds to buying activity.
As of December 19, Strategy holds 671,268 BTC, acquired for approximately $50.33 billion. The company’s average purchase price stands at $74,972 per Bitcoin, according to recent regulatory filings.
While some have raised concerns about Bitcoin’s flat performance following Strategy’s purchases, Saylor reiterated his long-standing optimism. He stated that Strategy expects Bitcoin to appreciate by around 30% annually over the next two decades, calling this return its internal “risk-free rate.” This outlook supports the company’s ongoing decision to allocate capital solely to Bitcoin, rather than traditional acquisitions or operational expansion.
Saylor emphasized the simplicity of Bitcoin compared to conventional assets. He highlighted that Bitcoin doesn’t require management, employees, or integration efforts. In his view, it serves as a reserve capital network that can be acquired instantly and without operational complexity. For Strategy, this provides a unique advantage over other investment options.
He also warned against diversifying away from Bitcoin, stating that doing so would introduce unnecessary complexity and counterparty risk. For Strategy, maintaining focus on Bitcoin aligns with its belief in the asset’s long-term potential as a financial standard.
This week, Saylor responded to renewed attention on his 2013 comment that Bitcoin’s “days are numbered.” He addressed the remark with a short reply on social media: “₿ig Mistake.” The admission marks a significant reversal in perspective, as Saylor has since become one of the most prominent corporate advocates for Bitcoin.
He explained that his early skepticism stemmed from a limited understanding of Bitcoin’s value proposition. According to Saylor, Strategy’s pivot in 2020 toward Bitcoin emerged during a period of economic uncertainty, when the firm reassessed how to preserve long-term capital value.
The post Bitcoin Stability Praised By Saylor after Strategy’s Major Accumulation appeared first on CoinCentral.


