Bitcoin at $125K Sparks Saylor Debate
Bitcoin surges past $125,000, the crypto community is buzzing with debates over Michael Saylor’s latest move—or lack thereof. Saylor, the executive chairman of Strategy (formerly MicroStrategy), announced via X that his company added no new Bitcoin to its holdings this week, despite the asset’s value soaring to $79 billion for its 640,031 BTC stash. This pause has sparked intrigue, with the company’s unrealized profits now sitting at $31 billion, a testament to the power of the HODL strategy. Yet, not everyone is convinced of Saylor’s unwavering commitment.
Mixed Reactions Within the Crypto Community
Enter Max Keiser, a prominent Bitcoin advocate, who took to X to question Saylor’s conviction. In a post replying to Saylor’s update, Keiser expressed skepticism, hinting that the lack of new purchases might signal a shift in Strategy’s aggressive Bitcoin acquisition strategy.
I question Saylor’s conviction.
— Max Keiser (@maxkeiser) October 5, 2025
https://t.co/7Ciz7xpSFL
This bold stance has ignited a flurry of responses, with some users speculating that Saylor is pacing himself amid rising institutional adoption, while others suggest he’s merely riding the wave of Bitcoin’s momentum, driven by factors beyond his control—like potential U.S. policy shifts under President Trump.
The Future of the HODL Narrative
The timing is critical. With Bitcoin’s price jump from $109,000 to $125,000 last week occurring without Strategy’s buying pressure, it raises questions about who’s fueling the rally. Analysts point to growing institutional interest and rumors of a Bitcoin Strategic Reserve as key drivers. Keiser’s critique could pressure Saylor to double down, especially as competitors like Trump Media & Technology Group ramp up their own crypto strategies. For now, Saylor’s silence on new buys serves as a $9 billion reminder of why holding firm can pay off, but it also leaves room for doubt about his next move.
The crypto market watches closely; this standoff between two influential figures could shape Bitcoin’s trajectory. Will Saylor prove his conviction with fresh purchases, or is Keiser onto something? The answer may redefine the HODL narrative in the coming weeks.