MicroStrategy executive chairman Michael Saylor believes Bitcoin may climb again before 2025 closes, as the cryptocurrency faces strong buying pressure from corporations and exchange-traded funds (ETFs).
Speaking on CNBC’s Closing Bell Overtime, Saylor explained that companies and institutional investors are absorbing more Bitcoin than miners create each day. On average, miners add about 900 BTC daily, yet a recent River Financial report estimates businesses are purchasing roughly 1,755 BTC per day in 2025, with ETFs acquiring an additional 1,430 BTC daily.
This level of accumulation, Saylor said, is gradually tightening supply and creating upward price momentum. Bitcoin has traded between roughly $111,000 and $118,000 over the past week, with a short-term dip earlier this week wiping out about $2 billion in leveraged positions—an event analysts attribute to technical market moves rather than weaker fundamentals.
Saylor noted two main types of corporate buyers:
- Operating companies choosing Bitcoin instead of traditional dividends or stock buybacks as a treasury reserve asset.
- Dedicated treasury firms that treat Bitcoin as “digital gold,” using it as collateral for new credit instruments.
He compared the trend to the historical reliance on gold-backed credit, suggesting that “digital gold” could underpin financial markets for centuries to come.
MicroStrategy itself holds more than 638,000 BTC, illustrating the scale of corporate involvement. According to Saylor, once current macroeconomic challenges ease, these persistent inflows from ETFs and businesses could drive Bitcoin to “move up smartly” toward the end of 2025.
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