Michael Saylor Says Bitcoin is The Best Asset to Hold in AI Fallout as Strategy Buys $1.57B BTC

Michael Saylor's Strategy has intensified its aggressive Bitcoin accumulation, purchasing an additional 22,337 BTC for approximately $1.57 billion (£1.23bn).

The acquisition, confirmed in an SEC filing on Monday, 16 March 2026, brings the company's total holdings to a staggering 761,068 BTC, cementing its status as the world's largest corporate holder of the digital asset. The company's average BTC purchase price stood at $75,696.

Executed at an average price of $70,194 per token, the move arrives amidst heightened market volatility fuelled by the ongoing Middle East conflict. Saylor has defended the high-stakes strategy by framing Bitcoin as the only asset capable of surviving an 'AI-driven disruption' of global capital markets, which he believes will soon render traditional corporate moats obsolete.

However, Bitcoin critic Peter Schiff warned Saylor of mounting losses. 'If you can keep this pace up for another year, you will waste another $80 billion buying Bitcoin and make all the whales who sold you theirs much richer,' Schiff said.

Saylor recently entered an online debate over how AI could reshape global capital markets. He claimed that capital will rotate into Bitcoin 'with no disruption risk.'

On the social media platform X, venture capitalist Chamath Palihapitiya said that AI could compress the duration of corporate cash flows by speeding up disruption cycles. This trend would make it challenging to estimate earnings beyond a few years, and equity valuations could subsequently shift away from long-term discounted cash flows toward short-term earnings.

In response, Saylor stated that capital might rotate to assets viewed as resistant to tech disruption. 'If AI compresses terminal value and makes every moat temporary, capital will rotate to assets with no disruption risk,' he said, describing BTC as 'digital capital — scarce, neutral, and impervious to AI disruption.'

However, Palihapitiya argued that for Bitcoin to function as a reliable store of value, it must be completely immune to future threats, such as quantum computing.

Palihapitiya Highlights Potential Structural Market Shift

Overall, Palihapitiya argued that AI could diminish durable competitive advantages that have historically underpinned company valuations.

If companies face a probability of disruption every year, their net economic lifespan could drop to a few years, which would considerably lower valuation multiples and undermine the logic of growth investing and venture capital.

'The rotation away from equities would reshape everything from pension fund asset-liability matching to the basic 60/40 portfolio, which quietly stops making sense,' he wrote.

In this case, capital could rotate into assets with more predictable or physically anchored cash flows, such as commodities, infrastructure, and government debt, as long-term stock investing becomes less viable.

The venture capitalist also cautioned that if private markets resist funding long-term projects, governments could play a larger role in allocating capital.

'If World Order is Breaking Down, Own Bitcoin'

Last month, Saylor told billionaire investor Ray Dalio that if he thinks the world order is breaking down, he should own bitcoin, given that the digital asset has no counterparty exposure amid growing geopolitical tensions.

'If you believe the world order is breaking down, own the asset with no counterparty,' Saylor responded directly to Dalio's warning that the 1945-post world order is breaking down.

Saylor's argument primarily revolves around BTC architecture. Unlike conventional assets, bitcoin operates without intermediaries. The decentralised network validates transactions through mathematical consensus, a feature that distinguishes it from fiat currencies.

Traditional assets involve counterparty risk. Banks, governments, or companies back these assets, and their value depends on the continued solvency and trustworthiness of the entities that back them. Saylor thinks this dependency becomes problematic during systemic crises.

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