Michael Saylor has dismissed concerns that Strategy could be forced to sell its bitcoin holdings, reaffirming the company’s long standing commitment to accumulating the cryptocurrency despite recent price declines and heavy reported losses. Speaking publicly, Saylor described speculation about forced selling as unfounded and emphasized that Strategy views bitcoin as a core, long term asset rather than a short term trade.
Michael Saylor said the company’s balance sheet is structured to withstand prolonged volatility in bitcoin prices. According to him, Strategy carries significantly lower leverage than many traditional investment grade firms and maintains substantial liquidity reserves. He stressed that the company has no intention of liquidating its bitcoin position and instead plans to continue adding to its holdings on a regular basis.
Strategy recently increased its bitcoin exposure again, purchasing more than one thousand additional coins during the past week. This brought the firm’s total bitcoin holdings to more than seven hundred thousand coins, acquired at an average price well above current market levels. While the market value of those holdings has declined alongside bitcoin’s broader downturn, Saylor framed the situation as consistent with the company’s long term thesis rather than a strategic setback.
Bitcoin’s recent performance has been marked by sustained volatility, with prices trending lower over recent months. Saylor argued that such swings are not a flaw but an inherent characteristic of what he calls digital capital. In his view, bitcoin is designed to be more volatile than traditional assets like equities, real estate, or gold, but that volatility is paired with superior long term performance potential. He maintained that bitcoin’s risk profile allows it to generate outsized returns over multi year periods compared with conventional stores of value.
The company’s latest financial results reflect the impact of bitcoin’s price movement. Strategy reported a substantial operating loss and a large net loss for the fourth quarter, figures driven primarily by accounting rules that require unrealized bitcoin losses to be recognized on the balance sheet. Saylor noted that these losses are largely non cash in nature and do not reflect the firm’s operational cash flow or liquidity position.
He also highlighted Strategy’s digital credit operations, which he described as an increasingly important component of the company’s financial model. According to Saylor, the firm’s digital credit instruments have become among the most actively traded of their kind, generating stronger cash flows than many traditional fixed income products. He argued that this structure further reduces the likelihood that the company would ever need to sell bitcoin to meet obligations.
Saylor declined to offer short term forecasts for bitcoin’s price, instead focusing on a longer horizon. He said the company evaluates performance over multiple years rather than months, expressing confidence that bitcoin will outperform major equity benchmarks over the next four to eight years. For Strategy, he said, that long term outlook is what ultimately matters.
Shares of Strategy have declined alongside bitcoin this year, reflecting investor sensitivity to the cryptocurrency’s price movements. Still, Saylor’s message remains consistent that Strategy’s approach is built to endure volatility and capitalize on what it sees as bitcoin’s long term role as a global digital asset.
