Unshaken By Massive $7 Billion Losses, Michael Saylor Vows Strategy Will Be Buying Bitcoin “Forever” ⋆ ZyCrypto

Strategy Executive Chairman Michael Saylor has reaffirmed the firm’s commitment to a long-term Bitcoin strategy, even as the value of its treasury hovers below its total acquisition cost amid a continued price decline in recent weeks.

“We’re Not Going To Be Selling”

Speaking during a Tuesday CNBC interview, Michael Saylor asserted that concerns that Strategy will be forced to sell Bitcoin (BTC) amid suppressed prices are “an unfounded concern.” He reiterated that the company has no plans to stop further acquisition of BTC.

“We’re not going to be selling. We’re going to be buying Bitcoin,” Saylor opined. “I expect we’ll be buying Bitcoin every quarter, forever.”

Strategy acquired another $90 million worth of BTC last week amid a 7% drawdown in the price of Bitcoin, bringing its stash to 714,644 BTC, or over 3.4% of Bitcoin’s 21 million fixed supply. The total stash is now valued at $47 billion, around $7 billion below what the firm paid for it.

As ZyCrypto reported, Strategy CEO Phong Le recently sought to reassure investors, saying the company’s balance sheet would come under meaningful pressure only in what he described as an extreme downside scenario — if Bitcoin were to plunge about 90% to roughly $8,000 and remain at that level for five to six years.

Saylor ultimately portrayed Bitcoin’s volatility as a defining feature rather than a flaw, arguing that investors with long-term horizons look beyond short-term turbulence and concentrate on the asset’s multi-year trajectory.

“It’s going to be two to four times as volatile as traditional capital like gold or equity or real estate,” he explained. “It’s got two to four times the performance this decade of traditional capital. It’s the most useful global capital asset in the world; you can put more leverage on it. You can trade it in more ways than any other kind of capital assets. So the volatility is the bug, but the volatility is the feature.”

Bitcoin To “Double Or Triple” S&P Returns

Saylor also maintained that Bitcoin is still positioned to outpace traditional assets in the years ahead, despite the recent bout of volatility that has pressured both the cryptocurrency and his company’s stock.

While stopping short of making a near-term price call, Saylor said he believes Bitcoin will decisively outperform major equity benchmarks over the long run.

“I don’t really make predictions over 12 months. I think that bitcoin is going to double or triple the performance of the S&P over the next four to eight years. And I think that’s the only thing we need to know.”

Bitcoin is currently changing hands at $66,257, and fell near the $60,000 mark last week, according to CoinGecko data.