Strategy, Michael Saylor's Bitcoin treasury company, faces a critical threshold where its market value is close to or below the value of its Bitcoin holdings, with its market cap at $47 billion and Bitcoin worth nearly $60 billion, raising concerns about its valuation and investor confidence.
MicroStrategy, led by Michael Saylor, experienced a significant stock decline at the end of 2025, despite holding the world's largest Bitcoin treasury worth around $59 billion. The company's stock fell over 50% in three months due to market pressures, risks of delisting, and dilution from Bitcoin purchases, although it increased its cash reserves to support dividends and manage Bitcoin volatility.
Strategy, led by Michael Saylor, bought an additional 1,229 bitcoins for about $109 million after a brief pause, bringing its total holdings to over 672,000 bitcoins worth approximately $58.7 billion, amid mixed analyst opinions on its strategy and market outlook.
Billionaire Michael Saylor's company has made another nearly $1 billion Bitcoin purchase, increasing its holdings to over 671,000 BTC, funded through stock sales, and creating a cash reserve to ensure dividend and debt payments amid market volatility, signaling confidence in Bitcoin's long-term value.
Billionaire Michael Saylor's firm Strategy, which holds over 3% of Bitcoin, faces a potential $8 billion selloff due to declining share prices, regulatory changes, and market pressures, raising concerns about its business model and the broader crypto industry. Despite past crises, Saylor's aggressive tactics and strategic plans to sell Bitcoin if necessary highlight the high-stakes nature of crypto finance, with the outcome uncertain amid mounting challenges and skepticism.
Strategy's executive chairman Michael Saylor hinted at a potential announcement involving bitcoin purchases or sales through a change in his usual Sunday X post, sparking speculation about the company's future plans amid its declining stock price and financial strategies.
Michael Saylor, chairman of MicroStrategy, defends the firm's substantial Bitcoin holdings, which control about 3% of the total supply, and potentially up to 7%, asserting it is not excessive and comparing it to BlackRock's holdings. The company reported its first profitable quarter with a $10 billion net income in Q2 and a $13.2 billion gain from BTC holdings year-to-date. MicroStrategy funds its Bitcoin acquisitions through stock issuance and debt, and plans to use yield-bearing preferred stocks to raise capital for further Bitcoin purchases, viewing its stock as undervalued and a way to generate Bitcoin-denominated returns.
Strategy co-founder Michael Saylor hinted at another Bitcoin purchase, continuing his pattern of bullish posts and strategic buys, with the company holding over 600,000 BTC worth $71 billion. The strong demand for Bitcoin, reflected in ETF inflows and corporate holdings, has fueled speculation of Bitcoin reaching $200K in this cycle.
Michael Saylor's company, Strategy, is poised to report a $14 billion unrealized gain in Q2 due to a rebound in Bitcoin's price and a new accounting approach valuing its $64 billion Bitcoin holdings at market prices. This shift has significantly boosted the company's profits and stock performance, making it a prominent player among corporate Bitcoin holders, despite facing legal challenges and criticism.
Michael Saylor dismisses fears of a crypto winter, confidently predicting Bitcoin will reach $1 million due to increased adoption and limited supply, with significant buying activity needed to push prices higher. He highlights the growing institutional interest and backing from US political figures as positive indicators for Bitcoin's future.
The Bitcoin Conference 2025 in Las Vegas features key speakers like Michael Saylor and discussions on Bitcoin's safety, prosperity, and fixed supply, with notable announcements including Paris Saint Germain adopting Bitcoin reserves and insights from SEC Commissioner Hester Peirce.
Michael Saylor criticizes the current proof of reserves method for being insecure and a security risk, advocating for audited liabilities instead, while the crypto community debates the balance between transparency and security. Strategy owns a significant amount of Bitcoin, with potential market implications if holdings are sold or compromised.
MicroStrategy is set to join the Nasdaq-100 Index, marking the first bitcoin-centric company to do so, which will expose its stock to billions in passive investment flows. This inclusion will significantly increase the index's exposure to bitcoin, as MicroStrategy holds about $42 billion in BTC. The move could lead to further interest from ETFs like the SPDR S&P 500 Trust, potentially offering millions of investors indirect bitcoin exposure. However, there is a possibility that MicroStrategy might be reclassified as a financial firm due to its heavy reliance on bitcoin holdings.
MicroStrategy, known for its significant bitcoin holdings, will join the Nasdaq 100 index, potentially boosting demand for its stock as ETFs like the Invesco QQQ Trust will automatically include it. This move follows a year of substantial gains for MicroStrategy's stock, which has risen over sixfold, paralleling bitcoin's 140% increase. The inclusion, effective December 23, could lead to further market interest, with future aspirations for S&P 500 inclusion. MicroStrategy's strategy involves leveraging bitcoin to bridge traditional capital markets with the crypto economy.
MicroStrategy has expanded its Bitcoin holdings by purchasing 21,550 BTC for $2.1 billion, despite Bitcoin's historic price surge past $100,000. This acquisition, funded through share sales, brings the company's total BTC holdings to 423,650, representing over 2% of Bitcoin's total supply. CEO Michael Saylor remains bullish on Bitcoin, suggesting future purchases even at higher prices. MicroStrategy's stock has risen significantly, outperforming Bitcoin and the S&P 500, while inspiring other companies to consider similar strategies.