{"id":13935,"date":"2025-10-20T16:00:54","date_gmt":"2025-10-20T16:00:54","guid":{"rendered":"https:\/\/www.coinspeaker.com\/fr\/?p=13935"},"modified":"2025-10-20T14:23:28","modified_gmt":"2025-10-20T14:23:28","slug":"michael-saylor-nouvel-achat-bitcoin","status":"publish","type":"post","link":"https:\/\/www.coinspeaker.com\/fr\/michael-saylor-nouvel-achat-bitcoin\/","title":{"rendered":"Michael Saylor tease un nouvel achat massif de Bitcoin"},"content":{"rendered":"<h2>Un teasing limpide, alors que le march\u00e9 se cherche<\/h2>\n<p>Le message tient en une ligne, mais il parle \u00e0 un public qui conna\u00eet la musique. Le \u00ab <a href=\"https:\/\/saylortracker.com\/?tab=charts\" target=\"_blank\" rel=\"\">Saylor Bitcoin Tracker<\/a> \u00bb recense des dizaines d&rsquo;achats \u00e9tal\u00e9s dans le temps, une m\u00e9thode presque m\u00e9tronomique qui a fait \u00e9cole depuis 2020.<\/p>\n<p>La s\u00e9quence s&rsquo;inscrit dans une <a href=\"https:\/\/www.coinspeaker.com\/fr\/live-bitcoin-ethereum-solana-bear-market-actualite-17-octobre-2025\/\">phase de digestion du march\u00e9<\/a> apr\u00e8s un sell-off violent, o\u00f9 l&rsquo;on guette le retour des acheteurs structurels. Chez Strategy, l&rsquo;argumentaire est rod\u00e9 : accumuler sur la dur\u00e9e, lisser le prix d&rsquo;entr\u00e9e, tenir le cap quelles que soient les m\u00e8ches.<\/p>\n<blockquote class=\"twitter-tweet\" data-width=\"474\" data-dnt=\"true\">\n<p lang=\"en\" dir=\"ltr\">The most important orange dot is always the next. <a rel=\"noopener noreferrer\" target=\"_blank\" rel=\"noopener nofollow sponsored\" href=\"https:\/\/t.co\/N5GQOdqr6y\">pic.twitter.com\/N5GQOdqr6y<\/a><\/p>\n<p>&mdash; Michael Saylor (@saylor) <a rel=\"noopener noreferrer\" target=\"_blank\" rel=\"noopener nofollow sponsored\" href=\"https:\/\/twitter.com\/saylor\/status\/1979882314751689050?ref_src=twsrc%5Etfw\">October 19, 2025<\/a><\/p><\/blockquote>\n<p><script async src=\"https:\/\/platform.twitter.com\/widgets.js\" charset=\"utf-8\"><\/script><\/p>\n<p>Rien d&rsquo;officiel n&rsquo;a \u00e9t\u00e9 annonc\u00e9, mais les pr\u00e9c\u00e9dents nourrissent l&rsquo;id\u00e9e d&rsquo;un nouveau ticket \u00e0 court terme.<\/p>\n<h2>Une tr\u00e9sorerie qui p\u00e8se lourd et dicte le tempo<\/h2>\n<p>Strategy reste de loin la premi\u00e8re entreprise d\u00e9tentrice de BTC cot\u00e9e. Les donn\u00e9es publiques recensent environ 640 250 bitcoins en r\u00e9serve, soit pr\u00e8s de 2,5 % de l&rsquo;offre totale, bien devant Marathon Digital et les autres acteurs du club des \u00ab treasuries \u00bb.<\/p>\n<p>La derni\u00e8re mise \u00e0 jour officielle remonte au 13 octobre, avec 220 BTC de plus au compteur. \u00c0 ces tailles, chaque pourcent de volatilit\u00e9 ajoute ou retranche des milliards \u00e0 la <strong>valeur de la r\u00e9serve<\/strong>.<\/p>\n<p>Dans l&rsquo;\u00e9cosyst\u00e8me plus large des \u00ab <a href=\"https:\/\/www.coinspeaker.com\/fr\/strategy-bitcoin\/\">corporate BTC<\/a> \u00bb, le contraste reste marqu\u00e9. Quelques dizaines d&rsquo;entreprises concentrent l&rsquo;essentiel des avoirs, pendant que d&rsquo;autres, plus petites, oscillent entre phases d&rsquo;accumulation et dilution via \u00e9missions d&rsquo;actions.<\/p>\n<p>C&rsquo;est l\u00e0 que la discipline d&rsquo;un acheteur r\u00e9current fait la diff\u00e9rence : pas de chasse au top, peu de bruit, une logique de tr\u00e9sorier plut\u00f4t que de sp\u00e9culateur. Bref, un profil qui imprime un <strong>rythme plus r\u00e9gulier<\/strong> aux flux.<\/p>\n<h2>Th\u00e8se intacte pour les convaincus<\/h2>\n<p>La face moins glamour du mod\u00e8le a \u00e9clat\u00e9 au grand jour ces derni\u00e8res semaines. Les primes sur la valeur des r\u00e9serves de plusieurs \u00ab bitcoin treasuries \u00bb se sont \u00e9vapor\u00e9es, laissant certains actionnaires avec des pertes alors m\u00eame que les soci\u00e9t\u00e9s, elles, ont accumul\u00e9 du BTC bien r\u00e9el.<\/p>\n<p>Pour les partisans de la th\u00e8se longue, c&rsquo;est un reset plus qu&rsquo;un reniement. Pour les sceptiques, c&rsquo;est l&rsquo;illustration qu&rsquo;un mod\u00e8le d&rsquo;achat financ\u00e9 par le march\u00e9 reste tributaire de la <a href=\"https:\/\/www.coinspeaker.com\/fr\/live-bitcoin-ethereum-xrp-actualite-13-octobre-2025\/\" target=\"_blank\" rel=\"noopener\">confiance du m\u00eame march\u00e9<\/a>.<\/p>\n<blockquote class=\"twitter-tweet\" data-width=\"474\" data-dnt=\"true\">\n<p lang=\"en\" dir=\"ltr\">After the Magic: How Bitcoin Treasury Firms Must Evolve Beyond NAV Illusions<\/p>\n<p>Why this report matters<\/p>\n<p>The age of financial magic is ending for Bitcoin treasury companies. <\/p>\n<p>They conjured billions in paper wealth by issuing shares far above their real Bitcoin value\u2014until the\u2026 <a rel=\"noopener noreferrer\" target=\"_blank\" rel=\"noopener nofollow sponsored\" href=\"https:\/\/t.co\/mS34Wqhzmm\">pic.twitter.com\/mS34Wqhzmm<\/a><\/p>\n<p>&mdash; 10x Research (@10x_Research) <a rel=\"noopener noreferrer\" target=\"_blank\" rel=\"noopener nofollow sponsored\" href=\"https:\/\/twitter.com\/10x_Research\/status\/1979112184778231914?ref_src=twsrc%5Etfw\">October 17, 2025<\/a><\/p><\/blockquote>\n<p><script async src=\"https:\/\/platform.twitter.com\/widgets.js\" charset=\"utf-8\"><\/script><\/p>\n<p>Ce bruit de fond n&#8217;emp\u00eache pas Saylor de marteler son sc\u00e9nario. Le message est toujours le m\u00eame : BTC comme actif de tr\u00e9sorerie de long terme, pilot\u00e9 par une politique d&rsquo;achats r\u00e9guliers et une tol\u00e9rance \u00e9lev\u00e9e \u00e0 la volatilit\u00e9.<\/p>\n<p>Stricto sensu, l&rsquo;entreprise n&rsquo;a pas besoin d&rsquo;un signal parfait pour recharger. Elle a besoin d&rsquo;un guichet ouvert et de liquidit\u00e9s suffisantes pour ex\u00e9cuter sans d\u00e9rapage. Les carnets, eux, finissent par s&rsquo;habituer \u00e0 ce <strong>type de contrepartie<\/strong>.<\/p>\n<h2>Quel message cela envoie si Strategy ach\u00e8te encore<\/h2>\n<p>Voir l&rsquo;acheteur le plus visible du march\u00e9 revenir au contact r\u00e9installe un plancher psychologique et am\u00e9liore la tenue des carnets lors des prochains titres macro.<\/p>\n<p>Enfin, cela impacte la concurrence. Les autres \u00ab treasuries \u00bb n&rsquo;ont pas toutes la m\u00eame capacit\u00e9 de financement ni la m\u00eame patience. Un retour de Strategy pousse les suiveurs \u00e0 choisir entre <strong>dilution et stand-by<\/strong>.<\/p>\n<p>Il reste des inconnues. Le timing exact, la taille, la forme du financement. Et un contexte o\u00f9 les NAV boursi\u00e8res ont rappel\u00e9 que les v\u00e9hicules cot\u00e9s ne sont pas des trackers parfaits du sous-jacent.<\/p>\n<p>Mais si l&rsquo;on s&rsquo;en tient \u00e0 la <a href=\"https:\/\/www.coinspeaker.com\/fr\/saylor-bitcoin-tresor\/\">logique de Saylor<\/a>, l&rsquo;\u00e9quation ne change pas : chaque point orange de plus rapproche sa r\u00e9serve d&rsquo;un seuil o\u00f9 l&rsquo;inertie compte plus que la courbe du jour. Pour un march\u00e9 qui se remet d&rsquo;une gueule de bois, c&rsquo;est souvent suffisant pour redonner envie de regarder le prochain chandelier.<\/p>\n<hr \/>\n<p>\u00c0 lire aussi :<\/p>\n<ul>\n<li><a href=\"https:\/\/www.coinspeaker.com\/fr\/bitcoin-franchit-24-trillions-et-depasse-amazon\/\">Bitcoin franchit 2,4 trillions $ et d\u00e9passe Amazon<\/a><\/li>\n<li><a href=\"https:\/\/www.coinspeaker.com\/fr\/lise-bourse-europeenne-tokenisee\/\">La France inaugure Lise, la premi\u00e8re bourse d\u2019actions tokenis\u00e9es d\u2019Europe<\/a><\/li>\n<li><a href=\"https:\/\/www.coinspeaker.com\/fr\/front-commercial-washington-pekin-vaciller-marches\/\">Un nouveau front commercial entre Washington et P\u00e9kin fait vaciller les march\u00e9s<\/a><\/li>\n<\/ul>\n<a class=\"infinscroll_next_page_link\" style=\"display:none\" href=\"https:\/\/www.coinspeaker.com\/fr\/crypto-taxe-royaume-uni\/\" rel=\"prev\">next<\/a>","protected":false},"excerpt":{"rendered":"<p>Michael Saylor a raviv\u00e9 la rumeur d&rsquo;un nouvel achet sur BTC. Dimanche, le patron de Strategy a publi\u00e9 un graphique r\u00e9capitulant les vagues d&rsquo;achats de son groupe, accompagn\u00e9 d&rsquo;un commentaire qui a fait tilt chez les traders : \u00ab le prochain point orange est toujours le plus important \u00bb.<\/p>\n<p>Dans l&rsquo;historique r\u00e9cent, ce type de message a souvent pr\u00e9c\u00e9d\u00e9 une annonce d&rsquo;acquisition.<\/p>\n","protected":false},"author":200,"featured_media":13938,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"footnotes":""},"categories":[1],"tags":[],"class_list":["post-13935","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-actu"],"acf":[],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v25.7 - https:\/\/yoast.com\/wordpress\/plugins\/seo\/ -->\n<title>Michael Saylor tease un nouvel achat massif de Bitcoin<\/title>\n<meta name=\"description\" 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Roux","image":{"@type":"ImageObject","inLanguage":"fr-FR","@id":"https:\/\/www.coinspeaker.com\/fr\/#\/schema\/person\/image\/","url":"https:\/\/www.coinspeaker.com\/fr\/wp-content\/uploads\/sites\/6\/2025\/06\/cropped-pp-1-96x96.png","contentUrl":"https:\/\/www.coinspeaker.com\/fr\/wp-content\/uploads\/sites\/6\/2025\/06\/cropped-pp-1-96x96.png","caption":"Emmanuel Roux"},"description":"Issu de la finance traditionnelle, j\u2019ai naturellement bascul\u00e9 vers l\u2019univers crypto, attir\u00e9 par son potentiel. Je souhaite y apporter mon approche analytique et rationnelle, tout en conservant ma curiosit\u00e9. En dehors de l\u2019\u00e9cran, je lis beaucoup (\u00e9conomie, essais, un peu de science-fiction) et je prends plaisir \u00e0 bricoler. Le DIY, pour moi, c\u2019est comme la crypto : comprendre, tester, construire soi-m\u00eame.","url":"https:\/\/www.coinspeaker.com\/fr\/author\/emmanuel\/"}]}},"amp_enabled":true,"_links":{"self":[{"href":"https:\/\/www.coinspeaker.com\/fr\/wp-json\/wp\/v2\/posts\/13935","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.coinspeaker.com\/fr\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.coinspeaker.com\/fr\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.coinspeaker.com\/fr\/wp-json\/wp\/v2\/users\/200"}],"replies":[{"embeddable":true,"href":"https:\/\/www.coinspeaker.com\/fr\/wp-json\/wp\/v2\/comments?post=13935"}],"version-history":[{"count":3,"href":"https:\/\/www.coinspeaker.com\/fr\/wp-json\/wp\/v2\/posts\/13935\/revisions"}],"predecessor-version":[{"id":14008,"href":"https:\/\/www.coinspeaker.com\/fr\/wp-json\/wp\/v2\/posts\/13935\/revisions\/14008"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.coinspeaker.com\/fr\/wp-json\/wp\/v2\/media\/13938"}],"wp:attachment":[{"href":"https:\/\/www.coinspeaker.com\/fr\/wp-json\/wp\/v2\/media?parent=13935"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.coinspeaker.com\/fr\/wp-json\/wp\/v2\/categories?post=13935"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.coinspeaker.com\/fr\/wp-json\/wp\/v2\/tags?post=13935"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}