In a significant development this week, MicroStrategy co-founder Michael Saylor executed his largest Bitcoin purchase since July, acquiring $1.5 billion worth of BTC. This move has been highlighted by crypto analyst Mattertrades as a catalyst for a bullish market setup, noting that Bitcoin is now trading above weekly resistance. The analyst drew a parallel to a previous large purchase by Saylor, after which BTC surged to $126,000, suggesting a potential for similar reflexivity as other institutional players may follow his lead.
The narrative surrounding Bitcoin is undergoing a fundamental shift. Once viewed primarily as a radical experiment in digital cash, BTC is increasingly being framed as a modern savings tool or "digital gold"—an asset to hold as a hedge against the erosion of purchasing power in traditional fiat currencies. However, this framing is being challenged by some experts. Ben SAN argues on X that Bitcoin's ultimate purpose is not to sit alongside fiat but to replace it as the monetary and financial base. For this to happen, Bitcoin requires scalability through Layer 2 solutions to enable fast, cost-efficient transactions, as the base layer (Layer 1) is designed for finality and neutrality.
This evolution points to a potential path for altcoin acceptance within the Bitcoin-first community. According to expert commentary, acceptance will not come from alternative monetary assets but from systems that keep BTC as the unit of account while extending its usability. Auxiliary tokens may only be introduced where Bitcoin is structurally incapable of performing specific coordination or incentive functions.
Simultaneously, Michael Saylor has been vigorously defending the corporate Bitcoin treasury strategy. In an appearance on the What Bitcoin Did podcast, Saylor argued that Bitcoin's growing role in credit markets and corporate balance sheets matters far more than short-term price moves. He emphasized progress in institutions, credit markets, accounting rules, and bank adoption.
Saylor provided concrete data on corporate adoption: The number of public companies holding Bitcoin on their balance sheets grew from approximately 30–60 in 2024 to around 200 by the end of 2025. MicroStrategy alone purchased roughly $25 billion worth of Bitcoin in 2025, funded largely through capital raises, and has continued into 2026 with an additional purchase of 13,627 BTC for $1.25 billion.
He highlighted key regulatory tailwinds, including fair-value accounting rules and clearer tax guidance, which have reduced friction for corporate holders. By late 2025, major U.S. banks began extending credit against spot Bitcoin ETFs, with some preparing to lend directly against BTC holdings. Saylor framed Bitcoin as digital capital gradually integrating into global credit systems, defining the next phase of adoption regardless of near-term price volatility.
