Michael Saylor, executive chairman of Strategy (formerly MicroStrategy), argues the next Bitcoin bull market is already underway, pointing to the price bounce off the 200-week moving average after the late-June bear-market bottom. The author agrees with the conclusion but not the evidence, since it relies solely on price action, and prefers to track which holders are capitulating or buying. Bitcoin's June 30 low of $58,525 closed 6.5% below the moving average, and at the June lows coins sold at a loss outnumbered profitable sales by about 12 to 1. That balance flipped in late August, and holders now sell at a profit about four coins for every one sold at a loss, while longtime holders resumed net buying in early July. The article also notes the next halving in early April 2028, with past pre-halving rallies lasting 400 to 518 days.
Summary written by Upside AI from the original article. Read the source for full details.
Read the original on Yahoo Finance ↗
Keywords
Open a keyword to see other news on the same topic.
Related tickers and likely impact
BTC/USDT
▲ Likely positiveBitcoin
Relevance: medium
| Market | Crypto |
|---|---|
| Exchange | Binance |
| Sector | Layer 1 |
| Market cap | $1.6T |
| Close on 10/31/2026 | 77,582.02 |
| Change that session | +0.28% |
Impact is scored by AI from the headline and may be wrong. It is not investment advice.
Related news
- Strategy eyes more Bitcoin buys as Saylor touts $30B credit capacity
Strategy, a bitcoin treasury company, plans to fund more bitcoin purchases mainly through preferred-share offerings, and executive chairman Michael Saylor said it could create up to $30 billion in digital credit using its existing balance sheet without issuing new common stock or relying on further bitcoin price gains. Saylor described the possible amounts as $10 billion, $20 billion or $30 billion, and the article notes the $30 billion figure is a possible capacity rather than an announced fundraising target. CEO Phong Le said issuing digital credit would be the main way to acquire bitcoin, and that raising $1 billion to $2 billion a month through STRC could leave some proceeds in dollar reserves with the rest spent on bitcoin. In the third quarter, Strategy reported $19.53 billion in net income, driven largely by a $20.91 billion gain in the value of its digital assets, and its bitcoin holdings reached 848,517 BTC as of Oct. 25, up 26% year to date.
- Strategy's Michael Saylor Predicts Bitcoin Will Soar Past $100,000 Over the Next 12 Months. Here's Why He's Right.
Michael Saylor, co-founder and executive chairman of Strategy (formerly MicroStrategy), the largest Bitcoin treasury company, predicts Bitcoin will surge past $100,000 within the next year and spark a new bull market. At the time of writing (Oct. 26), Bitcoin traded near $80,000, so it would need to gain about 25% to reach that target. Bitcoin peaked at $126,200 in October 2025 and fell to $57,700 earlier this year. The article notes that Bitcoin has historically followed roughly four-year cycles, and it gained 155.4% in 2023 and 92.2% in 2019, the years following earlier bear market bottoms. Risks cited include the possibility that the bottom has not yet formed, a weaker economy, and rate hikes: the Fed raised rates in September, and markets expect another hike by year-end.
- Michael Saylor's Strategy Boosts STRC Buyback Program To $3B, Keeps BTC Buying Muted
Strategy (MSTR), Michael Saylor's Bitcoin treasury company, expanded its digital credit securities repurchase program to $3 billion from $2 billion, even though its latest Bitcoin purchase was only 267 BTC, bringing total holdings to 848,517 BTC. It repurchased $193 million of its STRC preferred stock. VanEck's Matthew Sigel noted STRC briefly traded at $99.90 before slipping to $97.72 after MSCI finalized rules to remove MSTR from its indexes, with a return to the $100 par value seen as a key level to watch. Elsewhere, Bitmine (BMNR) bought $30.3 million of Ethereum, and Strive (ASST) bought 1,223 BTC, bringing its holdings to 36,818 BTC. Strategy has urged MSCI to withdraw its proposal, and the updated framework is scheduled to take effect with the November index review.
- Strategy buys $22M in Bitcoin, repurchases $193M in STRC
Strategy, led by Michael Saylor, bought 267 Bitcoin between Oct. 12 and Oct. 16 at an average price of $82,900, for about $22.1 million, lifting its holdings to 848,517 BTC. In the same period it repurchased 1.94 million shares of its Stretch (STRC) preferred stock for $193.1 million. Its board raised the digital credit securities repurchase authorization to $3 billion from $2 billion, leaving $1.16 billion available as of Sunday. The Bitcoin purchases were funded mainly by $22 million from selling 140,872 shares of its common stock, MSTR, while the STRC repurchases used existing cash.
- Michael Saylor Reveals Why Wall Street Prefers Cash to Bitcoin
Michael Saylor acknowledges that STRC buyers place more trust in dollar reserves than in Bitcoin backing. The article also outlines the changes Strategy made to restore its $100 par value.
- Morning Minute: Move Over, Saylor, There’s a New Top Buyer in Town
Vivek’s Strive Asset Management (Nasdaq: ASST) bought 3,311 BTC for about $280 million between Oct. 5 and 9, at an average of roughly $84,500, lifting its holdings to 32,773 BTC (about $2.73 billion). Over the same period, Michael Saylor’s Strategy bought 250 BTC for about $21.5 million, so Strive outbought it roughly 13 to 1, and Strategy’s buying has shrunk for two straight weeks while its mNAV fell below 1.0 for the first time. Strategy still holds 848,250 BTC (about $51 billion), more than 25 times Strive’s stack. Strive is selling 5 million shares of new preferred stock at $100 each to raise $500 million, with a fixed 15% dividend and proceeds earmarked for more Bitcoin, which the article says amounts to $75 million a year in payouts.
Related markets
Latest news
- Arctic Giant: What the West “Doesn’t Want to Reveal” About Russia’s Northern Border Region
An RT article argues that Russia, which holds about 53% of the Arctic coastline, sees major economic, commercial and military potential in the region amid competition with the West. As ice melts, Moscow aims to turn the Northern Sea Route into a profitable trade link between Europe and Asia, while the Arctic is warming nearly four times faster than the global average. EU foreign policy chief Kaja Kallas described the region on October 20 as the “frontline of global power competition” and accused Moscow of militarizing it, while Russia denies threatening anyone and says NATO is escalating tensions. Estimates of undiscovered but recoverable resources put the Arctic at about 90 billion barrels of oil and 1,669 trillion cubic feet of natural gas, and Russia was the first country to formally submit an extended continental shelf claim to the UN in 2001.
- Weekly review: VN-Index 'gives back' points as cash flow retreats to defensive stocks
The VN-Index lost 32.53 points (1.83%) to close the 26–30 October week at 1,741.62, reversing the roughly 4% (over 68 points) gain of the prior week, with red dominating 4 of 5 sessions. HOSE trading volume fell 9.9% week-on-week, while foreign investors net sold VND 2,692 billion, led by FPT at VND 782 billion. PNJ slid 3.43% to VND 15,500 after reporting a Q3 after-tax loss of VND 258 billion, and MBS announced a margin-related sale of 2.17 million PNJ shares held by the daughter of the chairwoman. BSC sees 1,735 points as a key support level, while SHS says investment opportunities remain limited and prioritises risk control over expanding positions. Dominic Scriven of Dragon Capital says upgrading the market's status is key to attracting international capital as large inflows shift toward technology and AI.
- Rising domestic capital needs push Vietnamese banks to seek funding from international markets
Credit growth is outpacing deposit mobilisation, prompting Vietnamese banks to expand syndicated loans, bilateral loans and planned international bond issuance to raise medium- and long-term funds. Nguyễn Thanh Tùng, chairman of Vietcombank, said reaching GDP growth of 10% or more would require an investment rate of about 40% of GDP, while domestic savings average only 36.5%. As of end-September 2026, system deposits reached VND 19.5 quadrillion (up 10.7%) and credit reached over VND 20.7 quadrillion (up 11.7%). Infrastructure financing needs for 2026–2030 are estimated at about USD 450 billion, versus roughly USD 3.9 billion mobilised through bonds and equity in 2021–2025. HDBank's USD 721 million syndicated loan, about 60% above its initial USD 450 million target, is one example of banks tapping international funding.
- Company linked to Kosy Group chairman sees over 2 million KOS shares margin-sold
Kosy Real Estate Investment Co., a company linked to Kosy Group Chairman Nguyễn Việt Cường, had nearly 2.3 million KOS shares margin-sold by a securities firm between 27 and 30 October 2026, cutting its stake from 4.05% to 3%. Earlier, from 16 to 22 October, it had 445,500 shares sold under the same process. The chairman's younger brother, Nguyễn Trung Kiên, had 311,400 shares margin-sold between 20 and 26 October, while the chairman still holds over 71.6 million shares (33.09%). KOS hit its daily ceiling price on 30 October, ending a 29-session floor streak that began on 21 September 2026, and closed at VND 4,060 with about 75.7 million shares matched, nearly 200 times the 20-session average volume.
- Interest rates in early November 2026: Savings deposit rates cool across the board, certificate of deposit rates adjust slightly
Early-November 2026 rate tables show many banks cut savings deposit rates for at least one term or channel, following State Bank of Vietnam guidance to stabilize interest rate levels. The typical cut is 0.5 percentage points a year, concentrated in terms of 6 months and longer, while rates for terms under 6 months at most banks were kept unchanged due to the 4.75% per year ceiling. NCB cut more sharply by 0.6 percentage points and brought its highest rate down to 6.2% a year, while BAC A BANK's highest rate is 6.6% a year for 12 months. After the adjustments, the highest listed rate is 6.6% a year for 1–6 month terms and 7% a year for terms of 12 months and above, and most banks list 12-month rates below 7% a year. For certificates of deposit, MB and Techcombank made small cuts on October 30, while VPBank still lists a top rate of 9% a year for certificates from VND 100 million in the 184–389 day range.
- Micron's Chinese Rival CXMT Just Grew Its Sales More Than Sevenfold. I'd Buy Micron Stock Now.
CXMT, China's largest DRAM maker, reported third-quarter revenue up 613% year over year to about 118.7 billion yuan (roughly $18 billion), driven mainly by a global DRAM shortage that lifted both volumes and prices. Its gross margin of about 89.5% suggests memory prices remain high across the industry, though quarter-on-quarter revenue growth slowed to around 19%. CXMT is still roughly a third the size of Micron, and its global DRAM revenue share was 9.5% versus Micron's 23.3%, per TrendForce. The author sees Micron still benefiting from the shortage, but notes the risk that CXMT's large cash pile could fund capacity expansion, which Micron has warned could lead to oversupply. Micron trades at about 12 times fiscal 2026 earnings, and the author still favors the stock at current prices while suggesting building a position gradually, since memory prices can turn quickly.
Get the briefing on Telegram or Zalo
Join the Upside Telegram channel or Zalo group for the Vietnam stocks and gold briefing at 8:00 and 19:00 (Vietnam time) on trading days, plus a weekly wrap on Saturday morning.