Michael Burry's Cassandra Unchained Crosses 300K Subscribers, Generating $113.7M Theoretical Annual Revenue

According to Michael Burry's Substack post on Sunday, his Cassandra Unchained newsletter crossed 300,044 subscribers in just 231 days since its November 2025 launch. At an annual subscription rate of $379 per year, this represents a theoretical annual revenue of approximately $113.7 million if all subscribers were paying annual members. The newsletter now reaches readers across all 50 U.S. states and 212 countries, with 52% of the subscriber base located outside the United States.
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