Michael Saylor's Bold Bitcoin Purchase of $962M Despite MSCI Concerns

Michael Saylor's company made a significant and unexpected Bitcoin acquisition recently, totaling $962.7 million, despite ongoing concerns about the MSCI index’s review process scheduled for mid-January.

Key Takeaways

Michael Saylor's firm acquired 10,624 BTC for $962.7 million.
The purchase came despite looming risks of MSCI index exclusion.
The likelihood of a Bitcoin sell-off from Saylor's firm is diminishing.
Current market sentiment shows low expectations for a future BTC dump.

Michael Saylor

Source: CryptoQuant

Michael Saylor’s Strategy buys $962M Bitcoin despite MSCI pressure - Why?

On December 8th, Michael Saylor's firm reported the purchase of 10,624 Bitcoins at an average price of $90.6k. This information was anticipated as a result of Saylor's telltale “orange dots” signaling a potential buy. However, the sheer size of this investment, nearly $1 billion, took many by surprise. Just days prior, predictions indicated only a 26% chance of a significant Bitcoin acquisition this week. With this latest addition, Saylor's total Bitcoin holdings have increased to 660,624 BTC.

MSCI Risks and Reduced Sell-Off Chances

As for the MSCI index concerns, the risk of being delisted remains substantial. Betters on Polymarket are estimating a 73% chance of this fearing outcome by the first quarter of 2026, indicating ongoing anxiety in the market despite the recent Bitcoin buy.

Michael Saylor

Source: Polymarket

Reports last week indicated that Saylor engaged with the MSCI team, attempting to influence their decision against excluding his firm. He stated that being removed from the index "won't make any difference." Contrarily, analysts at JPMorgan have cautioned about potential outflows exceeding $8 billion if exclusion occurs.

In the scenario where Saylor's firm might consider selling Bitcoin if the mNAV (market NAV) dips below 1, expectations for such an event are currently low. Estimates suggest less than a 10% chance in early 2026 and 17% by mid-2026, indicating a lack of confidence in imminent selling from Saylor's company.

Michael Saylor Bitcoin

Source: Polymarket

Moreover, it's noteworthy that the firm has recently raised over $1.4 billion and created a fund to manage dividend obligations tied to its various preferred stocks, which help finance Bitcoin purchases. As Saylor's over $8 billion in debt will not mature until 2028, this grants him substantial maneuverability. This could possibly explain the market’s diminished concern regarding a Bitcoin sell-off in the near term.

However, RIA Advisors Portfolio Manager Michael Lebowitz warns that any news of a Bitcoin dump by Saylor's firm could significantly impact the market dynamics. He reiterated, “If there’s a headline that says Saylor sold even three Bitcoins, people will start to question the whole Bitcoin investment narrative.”

Final Thoughts

Michael Saylor's audacious investment strategy reflects his unwavering belief in Bitcoin despite external pressures. As the cryptocurrency landscape evolves, it will be critical to observe how these dynamics unfold in the context of potential MSCI index developments.