Michael Saylor, the outspoken Bitcoin (BTC) advocate and Strategy (previously MicroStrategy) co-founder, said on Tuesday that the company remains firmly committed to its long‑standing Bitcoin strategy, despite growing concerns about its financial risks.
Strategy Will Buy Bitcoin Every QuarterHe said the company intends to add to its Bitcoin holdings every quarter and has no plans to reverse course. “I expect we’ll be buying bitcoin every quarter forever,” Saylor said.
He said that even in a severe scenario, the company would manage its obligations through refinancing. “If Bitcoin falls 90% for the next four years, we’ll refinance the debt,” he said. “We’ll just roll it forward.”
Strategy currently carries more than $8 billion in total debt, much of it tied to convertible notes the company issued to fund Bitcoin purchases. Despite this leverage, Saylor said he believes lenders will continue to support the company even if Bitcoin prices decline sharply.
Saylor also rejected any suggestion that Strategy might be forced to sell its Bitcoin holdings to shore up its balance sheet. He emphasized that liquidation is not part of the company’s plan and reiterated his belief in Bitcoin as a long‑term asset.
Short Sellers Increase BetsRoughly 30.5 million shares are now sold short, representing about 10% of the company’s public float. At the same time, long‑term investors have pulled back, with Strategy’s shares, MSTR, falling around 70% to current trading prices of $134.
Despite the pressure on its stock, Strategy remains the largest corporate holder of Bitcoin. According to figures published on the company’s website, it holds 714,644 BTC, valued at approximately $49 billion at the time of writing.
At the time of writing, Bitcoin was trading at around $69,192, registering losses of nearly 8% over the past seven days and 3% over the past 24 hours.
Featured image from OpenArt, chart from TradingView.com
