Michael Saylor says bitcoin adoption is advancing even as selling pressure persists. According to him, early crypto holders are diversifying rather than losing faith, which he argues signals a maturing market and broader mainstream participation in bitcoin adoption.
OG selling framed as healthy rotation
Saylor likens current sales by long-time holders to startup employees exercising stock options for life needs. Therefore, he views this phase as a natural evolution toward institutional depth. He adds that this rotation helps bitcoin adoption by broadening ownership and liquidity.
Meanwhile, corporate bitcoin treasuries have reached a record 1.011 million BTC, worth over $118 billion, representing about 5% of the circulating supply. Public companies added 415,000 BTC in 2025, surpassing the 325,000 BTC acquired in all of 2024. As a result, he argues, big money is preparing for the next leg in bitcoin adoption.
‘Digital gold rush’ forecast
Saylor predicts bitcoin will outperform the S&P 500 by nearly 29% annually over the next two decades. He calls 2025–2035 a “digital gold rush” decade with heavy business model experimentation and fortune building.
Key takeaways he stresses include:
• OG selling is diversification, not capitulation.
• Corporate treasuries now hold roughly 5% of supply.
• He expects sustained outperformance versus equities.
For background on market structure and asset comparisons, see this overview. However, always consider multiple sources and evolving data related to bitcoin adoption.
For a primer on mechanisms that stabilize crypto pricing, read our guide on how stablecoins work.
