On February 11, despite ongoing volatility in the crypto market, Strategy Executive Chairman Michael Saylor remains bullish on Bitcoin, believing its long-term returns could reach twice that of the S&P 500. Over the past year, Bitcoin has fallen sharply from its October 2025 all-time high of $126,000, currently down approximately 28.6% from its peak. During the same period, Strategy’s stock price declined more significantly, dropping to around $103 at one point before rebounding to approximately $138.
In a market downturn, Strategy has chosen to increase its holdings. The company disclosed that it has spent about $90 million to purchase 1,142 Bitcoin, bringing its total holdings to 714,644 coins, representing about 3.4% of the total Bitcoin supply. However, the current Bitcoin price remains below the company’s average purchase cost. In Q3 2025, the company reported a net loss of $12.4 billion, with a loss of $42.93 per share.
In an interview with CNBC, Saylor denied that the company would be forced to sell assets. He stated that Strategy will continue to add Bitcoin quarterly and views it as a core tool to replace dollar-denominated assets on its balance sheet. Founded in 1989 as an enterprise software vendor, the company shifted to a Bitcoin reserve strategy in 2020 and has gradually become the world’s largest corporate Bitcoin holder.
Strategy CEO Phong Le added during the earnings call that the company’s balance sheet would only be under pressure if Bitcoin were to fall to around $8,000 and remain at that level for many years, a highly unlikely scenario. He also noted that the company has approximately two and a half years of cash reserves and the ability to refinance debt in extreme market conditions.
Saylor also emphasized that continued institutional adoption of Bitcoin on Wall Street will support its long-term price. However, since more than half of the company’s assets are digital assets, MSCI is evaluating whether to remove Strategy’s stock from its indices, and this uncertainty continues to influence market sentiment.
Disclaimer: The information on this page may come from third parties and does not represent the views or opinions of Gate. The content displayed on this page is for reference only and does not constitute any financial, investment, or legal advice. Gate does not guarantee the accuracy or completeness of the information and shall not be liable for any losses arising from the use of this information. Virtual asset investments carry high risks and are subject to significant price volatility. You may lose all of your invested principal. Please fully understand the relevant risks and make prudent decisions based on your own financial situation and risk tolerance. For details, please refer to
Disclaimer.
Related Articles
BTC, ETH Reach Highest Levels Since February 5, Multiple Analysts Bullish on Future Market
The crypto market has rebounded recently, with Bitcoin and Ethereum reaching new highs. Technical analysts Peter Brandt and Ali Charts have both expressed bullish sentiment, with Ethereum potentially targeting $2,600. However, some analysts like Garrett Jin maintain a cautious stance, concerned that external factors could impact the market.
GateNews4m ago
Bitcoin Approaches $75,000 Mark: Short Covering Drives Rally, Fed Decision in Focus
On March 17th, Bitcoin touched $75,912 at one point but subsequently pulled back to $74,372, indicating that selling pressure remains. Mainstream crypto assets posted widespread gains for the week, with Ethereum up 13.3%. Market analysis indicates that recent gains have been primarily driven by the derivatives market, with institutional capital inflows supporting the market. However, uncertainty in macroeconomic policy will impact subsequent price movements.
GateNews24m ago
MetaPlanet Moves $368.3M Worth of Bitcoin After 3-Month Dormancy
Gate News bot message, MetaPlanet transferred 4,986 BTC valued at $368.3 million to new wallets following a three-month period of inactivity. The transaction appears to be a fund reorganization.
GateNews40m ago
