Michael Saylor Reviews Strategy’s Bitcoin Playbook: From a $300 Million Loss to Assets Exceeding Debt by $48 Billion

CoinFeed, June 20 – Strategy Executive Chairman Michael Saylor recently published a retrospective on the company’s long-term Bitcoin strategy, reviewing the extreme pressure phase during the 2022 bear market and the subsequent accumulation results. Saylor explained that when he gave a Bitcoin-related speech in October 2022, BTC was priced around $20,000, and Strategy held 130,000 bitcoins with a market value of approximately $2.6 billion, while MSTR’s stock price was around $24 after adjusting for the stock split. However, within just a few weeks, the market took a sharp downturn, with Bitcoin dropping to a low of $16,000. The company’s debt once exceeded the total value of its Bitcoin and cash reserves by $300 million, and MSTR’s stock price fell to around $13 by year-end, putting immense pressure on the company’s balance sheet.