Michael Saylor’s speech at the Bitcoin conference: BTC rises to $10 million long term

On April 29, Strategy founder and Executive Chairman Michael Saylor said at the Bitcoin 2026 conference that digital credit is Bitcoin’s killer app, which will eat into the $300 trillion credit market and the $100 trillion equity market, and reiterated Bitcoin’s long-term goal to reach $10 million per coin and become a $200 trillion network.

Saylor’s Key Statements at the Bitcoin 2026 Conference

According to coverage of the Bitcoin 2026 conference on April 29, Saylor said that digital credit is Bitcoin’s killer app, and the ultimate goal is to provide 1 billion people worldwide with digital bank accounts offering annual yields of 8%–10%, to drive Bitcoin to become a $10 million-per-coin $200 trillion network.

Saylor also disclosed that Bitcoin’s annualized return over the past five years has been 38%, and said that this return rate is the basis for STRC to be able to pay an 11% annualized yield. STRC aims to provide equity investors with double-digit returns and tax efficiency, and to provide credit investors with principal preservation and stable cash flows.

Strategy April 27 Buy-Accumulate Data and Current Holdings

According to a Strategy announcement, the company purchased 3,273 Bitcoins on April 27 at an average unit price of $77,906, for a total amount of approximately $255 million. According to data from BitcoinTreasuries.NET, Strategy currently holds a total of 818,334 Bitcoins, with a market value of approximately $61.81 billion.

Strategy disclosed that, as of this purchase, its Bitcoin return rate year-to-date through 2026 is 9.6%, meaning the number of Bitcoins per share has increased by 9.6% since the beginning of the year. Strategy’s average purchase cost for Bitcoin since 2020 has been $75,537.

STRC Product Metrics

Based on Saylor’s disclosures at the Bitcoin 2026 conference, STRC’s Sharpe Ratio is 2.7, higher than the corresponding figures for Nvidia (Nvidia) and the S&P 500, and it became the world’s largest and most liquid preferred stock within 8 months of its launch.

Market Reactions

Renowned gold supporter Peter Schiff said in a post on the X platform that it is not enough for Strategy’s buying power alone to push Bitcoin to the related predicted prices.

In response, analyst Adam Livingston said on the X platform that Strategy’s debt risk is being overestimated by the market, stating that most of its debt is convertible bonds rather than traditional bonds, and noting that the debt size is about 10.5% of enterprise value.

Frequently Asked Questions

What is the basis for Michael Saylor’s long-term goal of $10 million for Bitcoin per coin?

According to coverage of the Bitcoin 2026 conference on April 29, Saylor said that Bitcoin’s annualized return over the past five years has been 38%, and he used the logic that digital credit will eat into the $300 trillion credit market and the $100 trillion equity market as the basis for his argument that Bitcoin will grow to $10 million.

What is Strategy’s current Bitcoin holding size?

Based on data from BitcoinTreasuries.NET, Strategy holds 818,334 Bitcoins, with a market value of approximately $61.81 billion. Strategy’s average Bitcoin purchase cost since 2020 has been $75,537, and its Bitcoin return rate year-to-date through 2026 is 9.6%.

What are STRC’s Sharpe Ratio figures and comparison benchmarks?

Based on Saylor’s disclosures at the Bitcoin 2026 conference, STRC’s Sharpe Ratio is 2.7, higher than the corresponding figures for Nvidia and the S&P 500 index, and within 8 months of its launch it became the world’s largest and most liquid preferred stock.