Michael Saylor Says MSTR’s Bitcoin Holdings Strong Despite Crypto Winter

TLDR

• MSTR bought 2,486 Bitcoin last week for about $168.4 million.
• Total Bitcoin holdings of MSTR now reach 717,131 BTC.
• MSTR holds $2.25 billion in cash and strong equity for future buys.
• Bitcoin price trades around $67,700, below MSTR’s average buy of $76,000.

Michael Saylor, executive chairman of Strategy (MSTR), said Bitcoin is performing well even amid the current crypto winter. He described the market as milder than previous cycles and expects a shorter downturn. “We may be in the middle of a crypto winter, but spring is coming — and Bitcoin is winning,” Saylor said on X.

Over the past week, MSTR purchased an additional 2,486 Bitcoin, spending around $168.4 million. With this purchase, the company’s total Bitcoin holdings now stand at 717,131 BTC. The purchases continue MSTR’s long-term strategy of accumulating Bitcoin steadily over time.

Bitcoin Holdings and Company Capital

MSTR’s average acquisition price for Bitcoin is around $76,000, above current trading levels under $70,000. Despite this, Saylor noted the purchases were made using equity rather than debt. “So if we did buy the Bitcoin a little bit higher than the current level, we sold equity that was a massive premium to the Bitcoin at the time,” he said.

The company holds roughly $2.25 billion in cash. Saylor stated that the firm has enough resources to continue acquiring Bitcoin over the next 50 to 60 years. He described the balance sheet as “fairly indestructible,” ensuring the company can withstand market fluctuations.

Positive Outlook on Bitcoin and Crypto

Saylor attributed his optimism for Bitcoin and the crypto market to stronger support from the banking sector and government officials. “We’ve got the formation of digital credit networks, banking credit networks. We’ve got the support of the administration. We’ve got a Bitcoin president. We’ve got 12 Cabinet members that are pro digital assets and pro innovation,” he said.

He expects the crypto winter to end sooner than previous cycles and predicts a recovery that will bring a “glorious summer” for Bitcoin. The remarks suggest that MSTR plans to continue steady accumulation, at least once per quarter, despite short-term price fluctuations.

MSTR Stock and Market Sentiment

MSTR shares are currently over 70% below their 52-week high. In overnight trading, the stock edged 0.68% lower following a 3.89% drop in the regular session. Retail sentiment on platforms like Stocktwits has improved to neutral from bearish a day earlier.

Saylor’s statements, combined with the continued purchases, signal that MSTR maintains a long-term strategy focused on Bitcoin accumulation. The company’s approach emphasizes equity-financed acquisitions and strong cash reserves to sustain future growth.

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