Michael Saylor could surpass Elon Musk in wealth if Bitcoin reaches $4.2 million. XRP's rally stalls after the launch of the Hyperliquid ETF, while Cardano's large holders accumulate a record 25.09 billion tokens.
Key points
Michael Saylor could surpass Elon Musk if Bitcoin hits $4.2 million
XRP rally pauses after Hyperliquid ETF launch
Large Cardano holders accumulated 25.09 billion tokens
Bitcoin corrected below $80,000 amid ETF outflows
Saylor's effective exposure to Bitcoin is approximately 98,800 BTC
Saylor vs. Musk Wealth Race: Michael Saylor could surpass Elon Musk in net worth if Bitcoin reaches $4.2 million. The scenario becomes possible due to the MNAV premium at which MicroStrategy shares trade relative to net asset value.
XRP Rally Pauses: Capital inflows into XRP funds dropped to $0 following the launch of the first U.S. spot Hyperliquid ETF (THYP) from 21Shares and ahead of the final Senate vote on the CLARITY Act.
Record Cardano Accumulation: Large holders - addresses with balances above 1 million ADA - accumulated a historic record of 25.09 billion tokens, taking control of 67.47% of the total circulating supply of Cardano.
Why Bitcoin at $4.2 million could make Saylor richer than Elon Musk
Famous crypto entrepreneur and head of MicroStrategy Michael Saylor has a nonzero chance of overtaking Elon Musk as the richest person in the world. According to a mathematical model from JAN3 CEO Samson Mow, this would happen once the price of Bitcoin reaches $4.2 million per BTC.
As of mid-May 2026, the total Bitcoin balance held by MicroStrategy stands at 818,869 BTC. The company acquired these holdings for $61.86 billion at an average purchase price of $75,543 per coin. Saylor's total effective exposure is equivalent to approximately 98,800 BTC - 17,732 BTC held in personal wallets and a 9.9% stake in MicroStrategy's overall Bitcoin treasury.
To surpass Musk, whose net worth is estimated at around $839-850 billion, Saylor's assets would need to reach approximately $850 billion. Under a simple one-to-one calculation, this would require Bitcoin to reach $8.6 million.
However, because MicroStrategy shares trade at an MNAV premium - with valuation multiples ranging from 1.01x to 1.32x relative to net asset value - Saylor would only need Bitcoin to surge to $4.2 million.
The model places the current wealth of the Tesla CEO at $839 billion and ignores future contributions from SpaceX, lunar base construction revenue, and megaprojects such as Dyson Spheres, which are widely expected to multiply Musk's fortune by the mid-2030s. In addition, the combined 19,794 BTC reserves held by Tesla and SpaceX would further increase Musk's net worth if the crypto market continues rising.
At the same time, Saylor's corporate strategy relies on the continuous issuance of debt instruments, including STRD bonds, to keep accumulating Bitcoin, which could accelerate the wealth expansion process.
XRP pauses as Hyperliquid ETF launch pulls Wall Street attention
The local XRP rally, which has kept the token inside the $1.42–$1.47 range, has temporarily entered a consolidation phase. The main trigger behind the shift in investor attention was the debut of the first spot Hyperliquid ETF in U.S. history - THYP from 21Shares on the Nasdaq exchange - which started a capital rotation process inside the altcoin sector.
According to SoSoValue data, net inflows into XRP funds totaled $0 yesterday, while the market faced large-scale profit-taking in heavyweight assets. Bitcoin recorded a critical outflow of $635.23 million, the deepest single-day negative flow since January 29, while Ethereum saw net outflows of $36.3 million.
Hyperliquid (HYPE), meanwhile, posted net inflows of $1.36 million on its second trading day. Bloomberg analysts described the launch as a very solid start for the sector. Because of this, it is reasonable to assume that part of the speculative capital temporarily rotated away from XRP-related expectations and into trading the new ETF instrument.
Although the THYP launch was successful, its first-day volume remained far below the historical launch of the Canary XRP ETF (XRPC), which attracted $58 million on its debut day in November.
The current slowdown around XRP represents a natural cooling phase after months of aggressive accumulation. As large investors moved into a wait-and-see position on XRP - reflected in yesterday's zero-dollar inflow figure - the ongoing session of the U.S. Senate Banking Committee is significant. Lawmakers are currently voting on the Digital Asset Market CLARITY Act.
If approved, XRP would permanently secure commodity status, removing major regulatory barriers for Wall Street participation.
Whales control 67.47% of Cardano as ADA collapse sparks record accumulation
While retail investors massively exited Cardano during the prolonged market decline, large holders quietly completed a historic redistribution of the market. According to analytics platform Santiment, wallets holding more than 1 million ADA reached an all-time record accumulation level of 25.09 billion tokens.
What makes this situation remarkable is the absolute composure of large players. They systematically increased their positions starting in December 2023. Major capital now controls 67.47% of the total ADA supply - the highest concentration level since July 2020.
The accumulation happened while Cardano's market capitalization declined by 71% over the last nine months. In other words, while the broader market locked in losses, the "million-ADA" investor class used low prices to secure control over nearly two-thirds of the entire ecosystem.
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Cardano (ADA) over 1 million wallet holdings and percent of supply held, Source:Santiment
The balance-of-power transition coincided with a strong technical signal on the charts that could locally end the prolonged downtrend. Technical analyst Ali Martinez pointed to the SuperTrend indicator that since Sep. 25, 2024, continuously maintained a sell signal, accurately identifying the start of the 73% correction.
Now, for the first time in a long period, the indicator has switched into buy mode on the daily Cardano chart. According to Martinez, this suggests that seller exhaustion may finally be complete.
The key task for buyers is now defending the $0.25 support zone. If the current trend remains intact, the first recovery target stands at $0.33, while a successful breakout above that level opens the path toward $0.42.
Bitcoin broke below a local support level and is currently trading around $79,200–$79,700. The primary focus of institutional investors has shifted away from inflation metrics toward the critical escalation of U.S.–China trade tensions and the historic Senate vote on crypto regulation taking place right now.
Key checkpoints:
Bitcoin price outlook: BTC is currently trading at $79,729. Selling pressure intensified after spot Bitcoin ETFs recorded a record single-day capital outflow of $635 million. To preserve the medium-term bullish structure, it is critically important for Bitcoin to consolidate above $78,000, while a breakdown below $78,000 would activate a cascade of margin long liquidations and open the path toward the late-April capitulation zone.
CLARITY Act vote: The U.S. Senate Banking Committee is conducting the official markup round on the CLARITY Act before forwarding the bill to the full Senate. Banking lobby groups, including the ABA, are aggressively campaigning against the provision that would allow crypto exchanges to offer rewards and yield on stablecoins, arguing that such mechanisms directly threaten traditional bank deposits.
US-China summit: The primary external trigger behind the market selloff, including a 5% drop in Solana, came from developments surrounding the official visit of the U.S. delegation to Beijing. Harsh statements from Chinese officials regarding Taiwan and new threats of reciprocal tariffs pushed Asian markets lower and forced market makers to reduce exposure to risk assets, sending Bitcoin below the psychological $80,000 level.
