Michael Saylor Reaffirms MicroStrategy’s Bitcoin Plan: “I Won’t Back Down

Bitcoin’s drop to the lower $80,000 range has triggered renewed anxiety across the crypto market. Investors who have been holding BTC for less than three months are underwater, forcing them to exit their positions. The apex crypto’s drawdown has also impacted Strategy’s common stock, MSTR, which has dropped to its lowest price of the year.

However, Michael Saylor, co-founder and executive chairman of the Bitcoin Treasury giant, has reaffirmed his company’s commitment to accumulating BTC as a corporate reserve asset. As of November 2025, Strategy is the world’s largest corporate treasurer of the “digital gold,” holding 649,870 BTC, worth $56.35 billion at current rates, on its balance sheet.

Saylor Says Strategy “Won’t Back Down” From Bitcoin Accumulation Plan Amid Price Drop.

As bitcoin fell almost 9% over the past week, Saylor went on X to state: “I won’t back down,” reinforcing his company’s strategy. His post came as many doubted whether Strategy could sustain its aggressive bitcoin purchases amid the market decline.

Despite BTC’s price dropping by over 35% from its October all-time high of $126,198 to below $81,000 on Friday for the first time since April, Strategy’s position carries a 16.67% profit margin.

The company’s latest bitcoin purchase came last Monday, when it added 8,178 BTC for approximately $835.6 million to its coffers. This marked Strategy’s largest buy since the summer. According to an SEC filing and Saylor’s X post, the buys were made at an average price of $102,171 per BTC, with the total average cost of its 649,870 BTC holdings coming in at $74,433 per coin.

At the time of the announcement, BTC was trading near $94,000.

The acquisition was funded primarily through preferred products, with Strategy raising $715 million earlier in the month through its new euro-denominated STRE (“Stream”) preferred stock, doubling the 10% Series A product’s original size, and earning $703.9 million in net profits after fees. This product has expanded its high-yield offering to European investors. The company generated an additional $131.4 million through the sales of its STRC (“Stretch”) preferred shares.

The move marked a return to large-scale bitcoin buys by Strategy, as its recent purchases had been comparatively smaller and more incremental amid a sharp drop in the firm’s stock price. MSTR has fallen roughly 56% over the past four months, reducing Strategy’s ability to issue common stock without diluting existing shareholders.

However, MSTR’s drop toward the $170 zone has nearly wiped out the premium over Strategy’s underlying bitcoin holdings. Meanwhile, the company’s net asset value (NAV) touched negative levels not seen since late 2020, when it first began the bitcoin-treasury experiment. It has turned increasingly toward preferred stock options to raise capital for bitcoin buys as its mNAV premium compressed.

Investors are Confident in Saylor’s Bitcoin Play, viewing the Latest Downturn as a Temporary Setback Rather than a Market Crash

Prior to the statement reinforcing Strategy’s bitcoin strategy, Saylor did a community poll, where over 75% of respondents claimed that they held their BTC throughout last week’s rout, where prices fell towards the $80,000 mark.

The poll’s results reflected continued confidence among investors about Strategy’s long-term bitcoin strategy, as many viewed the downturn as a temporary setback rather than a market crash.

Bitcoin’s drop to $80,600 triggered billions of dollars in forced liquidations, especially among leverage traders. This led to skeptics reigniting their criticism against the world’s largest cryptocurrency by market capitalization. 

Gold bug and long-time bitcoin critic, Peter Schiff, said that while there is enough liquidity in the market for OG holders to cash out, the supply moving from “strong to weak hands” not only increases the float, but also means future selloffs will be even larger. He argued that bitcoin is the weakest link in the risk-asset chain as it carries the most risk during market stress.

Saylor Squashes BTC Sell-Off Rumors, Reveals $1 Trillion Bitcoin Treasury Plan to Reinvent Global Credit System

Saylor’s was quick to respond to reports that Strategy was going to sell its holdings, calling the news “false”. In an interview with CNBC last week, the former CEO said the company is buying more bitcoin and is “accelerating its purchases”.

He dismissed concerns that the outflows from Strategy’s wallets were liquidation events, emphasizing that there was no truth to these rumors. Saylor urged his investors to “zoom out,” arguing that the company’s position has strong fundamentals, despite the volatility.

The bitcoin billionaire stressed that his company’s balance sheet is “pretty stable” with no near-term debt pressure, while reiterating that bitcoin is “always a good investment” for investors with a long-term mindset.

In a recent interview with Bitcoin Magazine, Saylor outlined Strategy’s ambitious plans to amass $1 trillion in BTC and use it to reinvent global credit through over-collateralized products. He noted that at that scale, Strategy and other treasury firms could issue bitcoin-backed credit that could compound 20-30% annually, offering better yields than similar products in the fiat money system.

At the time of writing, Bitcoin (BTC) is trading at $87,391 – up 1.38% in 24 hours. Strategy (NASDAQ: MSTR) closed Friday’s Trading Session at $170.50, down 3.95%.

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