Substack News & Analysis

Michael Burry's Substack Hits 300,000 Subscribers, $113M Potential Revenue

Michael Burry's newsletter, Cassandra Unchained, has reached 300,000 subscribers since its launch in November 2025. Subscriptions are priced at $39 per month or $379 annually, suggesting a potential revenue of $113.7 million annually if all subscribers paid. The newsletter focuses on Burry's bearish views on artificial intelligence and has garnered significant attention, ranking No. 2 in Substack's finance category. This growth reflects an increasing trend of investors interested in alternative financial insights, impacting how newsletters might be valued in the future.