Michael Saylor Dismisses Bitcoin Sell-Off Fears as Strategy Reaffirms Long-Term BTC Commitment

Concerns that Strategy (MSTR) could be forced to sell its bitcoin holdings amid falling prices are unfounded, according to company chairman Michael Saylor. Speaking in a recent CNBC interview, Saylor emphasized that Strategy remains firmly committed to accumulating bitcoin and has no intention of selling, regardless of short-term market volatility.

Saylor addressed growing speculation around Strategy’s balance sheet as bitcoin prices hover near $69,000, well below the company’s average purchase price of roughly $76,056 per coin. Despite this gap, he underscored the company’s strong financial position, noting that its net leverage ratio is significantly lower than that of a typical investment-grade firm. Strategy also holds substantial liquidity, including years’ worth of dividends in both bitcoin and cash, which Saylor said eliminates any pressure to liquidate assets.

Reinforcing this stance, Strategy recently added 1,142 BTC to its holdings for approximately $90 million, bringing its total bitcoin reserves to about 714,644 coins. The company has now invested roughly $54.35 billion in bitcoin, making it the largest corporate holder of the cryptocurrency. Saylor reiterated that Strategy plans to continue buying bitcoin every quarter indefinitely, framing the asset as a form of “digital capital” rather than a short-term trade.

While bitcoin has experienced notable downward volatility in recent months, Saylor described these price swings as an inherent feature of the asset. He argued that bitcoin’s higher volatility compared to gold, equities, or real estate is directly tied to its higher long-term performance potential and flexibility as a global capital asset. According to Saylor, this volatility should be viewed as a strength rather than a flaw.

Strategy recently reported a significant quarterly operating and net loss, largely driven by non-cash accounting adjustments related to bitcoin’s price decline. Saylor downplayed these figures, emphasizing that they do not reflect underlying cash flow or credit risk. He also highlighted the company’s digital credit business, which he described as one of the most actively traded credit instruments of the decade.

Although Saylor declined to offer short-term bitcoin price predictions, he expressed confidence that bitcoin will outperform the S&P 500 over the next several years. Despite this long-term optimism, Strategy’s shares remain under pressure, with the stock down sharply year-over-year, reflecting ongoing market skepticism amid crypto volatility.