MicroStrategy CEO Phong Le dismissed concerns over the firm’s significant quarterly loss tied to Bitcoin’s price decline. He stated the $17.4 billion GAAP impairment is not a cash loss and the company would only face issues if Bitcoin fell to $8,000. Le also clarified the firm’s financial resilience amid criticism, while data shows Bitcoin treasury holdings remained stable during the recent market downturn.
The CEO of MicroStrategy, Phong Le, has addressed market concerns regarding the company’s stock and a substantial quarterly loss linked to Bitcoin’s price drop. Le stated the firm is not worried about the reported $17.4 billion loss for Q4 2025 under U.S. accounting rules.
“If Bitcoin goes down to $8K for five years, maybe that’s when we’ll start having issues,” Le said. He emphasized the GAAP loss reflects accounting impairments rather than actual cash expended by the company.
Le further addressed leverage and dividend payment concerns, highlighting a $2.52 billion cash reserve. He said, “We’re not worried about the leverage, dividend payments, and are not concerned about BTC price right now.”
MicroStrategy founder Michael Saylor responded to criticism from Bitcoin skeptic Peter Schiff, who labeled the firm’s capital-raising model a ‘fraud’. Saylor retorted that their products outperform all perceived alternatives.
Data from Blockworks shows Bitcoin treasury firms collectively held 813,000 BTC before and after a recent sharp price decline. These companies did not engage in aggressive selling during the downturn.
MicroStrategy holds approximately 713,500 Bitcoin from this total. The firm’s stock price subsequently surged 26% following a 12% Bitcoin bounce, validating Saylor’s description of it as an ‘amplified wrapped BTC’.
