Michael Saylor could overtake Musk if BTC hits $4.2 million

Michael Saylor’s wealth race heats up

As the founder and CEO of MicroStrategy, Michael Saylor has become synonymous with large-scale Bitcoin acquisitions. By May 2026, the tech firm reports holding a total of 818,869 BTC, purchased at an average price of $75,543, amounting to a $61.86 billion investment. Saylor himself holds both a 9.9% share of the company’s BTC reserves and 17,732 BTC in his personal wallet, giving him direct access to nearly 98,800 Bitcoins.

According to financial modeling, Saylor’s Bitcoin assets would need to reach a value of approximately $850 billion for him to surpass Tesla CEO Elon Musk’s current wealth, estimated between $839 billion and $850 billion. This would require Bitcoin to hit $8.6 million apiece. However, since MicroStrategy shares often trade above their net asset value, that price threshold drops. If Bitcoin climbs to $4.2 million per coin, Saylor could realistically overtake Musk in net worth. The premium on MicroStrategy shares is a key variable in this calculation.

Saylor’s wealth could exceed Musk’s if Bitcoin rises to $4.2 million, made possible by the premium valuation of MicroStrategy stock over its net asset value.

Meanwhile, Musk’s fortune could also expand further with the continued growth of Tesla, SpaceX, and upcoming ventures. Tesla and SpaceX together currently hold 19,794 BTC, which could boost Musk’s wealth if the crypto market continues climbing.

On his side, Saylor’s company keeps ramping up its Bitcoin acquisition via new borrowing instruments, such as STRD bonds. This ongoing strategy aims to further consolidate Saylor’s position in the crypto sphere.

XRP sees pause as Hyperliquid ETF launches

XRP’s recent short-term rally stalled within the $1.42 to $1.47 range as attention shifted to the launch of the first Hyperliquid ETF (THYP) on Nasdaq in the US. The listing diverted investor focus away from XRP temporarily, with funds flowing into alternative products.

SoSoValue data shows incoming funds for XRP dropped to zero yesterday, while major profit-taking occurred across the market’s leading assets. Bitcoin saw a record single-day outflow of $635.23 million, and Ethereum experienced $36.3 million in withdrawals. Meanwhile, the Hyperliquid (HYPE) ETF brought in a net $1.36 million on its second trading day. Bloomberg analysts described the ETF’s debut as a strong industry milestone despite the subdued XRP flows.

Although THYP’s first-day volume fell short of last November’s record $58 million debut for the Canary XRP ETF, the new product has still prompted healthy market consolidation following surging demand for XRP. On the regulatory front, the US Senate Banking Committee is now voting on the pivotal CLARITY Act. If passed, the legislation would legally define XRP as a commodity—potentially clearing the way for broad Wall Street access.

Cardano whales amass historic holdings

While Cardano’s market capitalization has dropped by 71% over the past nine months, large investors—wallets with at least 1 million ADA—have been stockpiling holdings at an unprecedented scale. According to blockchain analytics provider Santiment, these major wallets have accumulated 25.09 billion ADA, now controlling 67.47% of Cardano’s total circulating supply.

This accumulation trend began in December 2023, with institutional players methodically buying ADA as retail investors exited the market. Technical analysis indicates the SuperTrend indicator has shifted from a prolonged sell signal to a fresh buy signal for the first time. Analyst Ali Martinez highlights this as a sign of seller exhaustion and a precursor to a possible price reversal.

Technical signals on Cardano now suggest a positive trend may follow the prolonged downturn.

The next target for ADA is to maintain support above $0.25. Sustained levels above this threshold could set $0.33 as the initial recovery target and, if surpassed, $0.42 as a further objective.

Market outlook and the ETF effect on Bitcoin

Bitcoin has slipped below its local support, falling to the $79,200–$79,700 range. Market attention now centers on ongoing US–China trade talks and a historic Senate vote that could reshape crypto regulations. As of now, Bitcoin trading at $79,729. Spot Bitcoin ETFs saw a record $635 million single-day outflow, intensifying selling pressure. Analysts note that Bitcoin must remain above $78,000 in the medium term to maintain its bullish momentum; otherwise, large-scale liquidations of long positions could drag the price back to April lows.

The US Senate has entered the final phase of voting on the CLARITY Act, with the American Bankers Association and other financial lobby groups opposing provisions that would enable rewards and yield distribution for stablecoins. These groups argue that such reforms could disrupt the traditional deposit-based business models of banks, prompting increased lobbying efforts.

Meanwhile, an official US delegation’s visit to Beijing, coupled with harsh rhetoric from China regarding Taiwan and reciprocal tariff threats, has negatively impacted Asian markets. This backdrop has prompted market makers to reduce risky positions and paved the way for Bitcoin to fall below the $80,000 psychological barrier. Solana has also registered a 5% short-term dip during this period.