Michael Saylor, chairman of the Bitcoin-focused company MicroStrategy, has reiterated the firm’s commitment to acquiring Bitcoin indefinitely despite facing over $5 billion in paper losses on its holdings. In a recent interview, Saylor stated the company plans to buy Bitcoin “every quarter, forever” and will not sell. He addressed concerns about potential forced sales, explaining the firm has substantial cash reserves and would refinance its debt if Bitcoin’s price experienced a prolonged, severe decline.
MicroStrategy chairman Michael Saylor says the firm will continue buying Bitcoin “forever,” despite paper losses exceeding $5 billion on its massive BTC treasury. The company recently purchased an additional $90 million worth of Bitcoin, bringing its total holdings to 714,644 BTC valued at approximately $49 billion.
Bitcoin’s price has fallen 45% from its October peak of $126,080, leading to questions about potential asset liquidation. Saylor called these concerns “unfounded,” noting the firm holds a cash reserve covering 2.5 years of debt and dividend obligations.
In December, MicroStrategy established a $1.44 billion USD Reserve to cover dividends without touching its Bitcoin. The firm has since added to this buffer through common stock issuance. Predictors on Myriad currently give the company about a 28% chance of selling BTC before the end of 2026.
Saylor outlined a contingency plan for a drastic price drop, stating, “If Bitcoin falls 90% for the next four years, we’ll refinance the debt.” He added, “You’re at $68,000 right now. It literally has to fall to $8,000, and then we’ll just refinance the debt.”
Shares in MicroStrategy (MSTR) were down approximately 2.7% in Tuesday trading. The stock has declined nearly 66% over the past six months, recently trading around $134.58.
