Michael Saylor is again signaling confidence in Bitcoin, indicating more purchases while his firm is sitting on a huge unrealized loss.
MicroStrategy, the company he co-founded, currently has 847,363 Bitcoins worth nearly $50.88 billion at around $60,000 per coin. The average purchase price is $75,651, which leaves the company with an unrealized loss of $13.2 billion. Yet Saylor’s strategy has been the same accumulate aggressively and hold long‑term.
MicroStrategy has been accumulating Bitcoins since 2020 and has even now acquired 520 BTC on June 22, making them the largest corporate holder of Bitcoin, and thus the cryptocurrency itself. Interestingly, MicroStrategy shares trade at a discount to the value of its Bitcoin holdings, which attracted both the bulls and the skeptics.
For Bitcoin bulls, this is a buying opportunity with leverage potential. They argue that MicroStrategy’s accumulation strategy and its ability to raise capital through debt and equity magnify exposure to Bitcoin’s long‑term upside. As they say, the ongoing unrealized losses are temporary and price appreciation will validate Saylor’s thesis.
But anti-MicroStrategy critics like Peter Schiff warn of great risks. Such a big part of MicroStrategy’s portfolio is just too big that it’s nearly impossible to liquidate without touching the markets. And the firm’s reliance on Bitcoin as its main treasury asset renders it highly volatile, regulatory and investor-reward-challenged. Schiff and others claim the failure to sell and so lose money at a critical moment undermines the strategy’s longevity.
Saylor, however, has always presented Bitcoin as digital gold, a long-term store of value that is immune to inflation. His public statements and the new holdings chart suggest MicroStrategy is not going to change course, even in the face of short‑term losses.
And Michael Saylor’s latest comment about more Bitcoin buys is proof that he remains one of the most passionate advocates of the cryptocurrency. MicroStrategy is now worth $50.88 billion and has only $13.2 billion worth of loss in the market but is a lightning rod of discussion. Bulls see conviction and opportunity, and skeptics see a risk. So Saylor’s strategy is still a factor in corporate Bitcoin adoption.
