Michael Saylor Gives Loud Code: “It’s Time for More Bitcoin, Just Like 2022!”

Jakarta, Pintu News – The strategy implemented by Michael Saylor, formerly known as MicroStrategy, suggests that the firm will continue to accumulate Bitcoin (BTC) despite concerns about the bear market. This comes amid falling BTC prices, which now puts the firm’s portfolio at risk of loss.

Unwavering Commitment to Bitcoin

In a post on X, the company signaled that it will continue to buy Bitcoin despite the sluggish market. This is reminiscent of the crypto winter of 2022, when their average price was $30,000, while BTC prices were around $16,000, almost 50% lower.

Despite the unrealized loss, Strategy chose to buy more Bitcoin instead of selling it. The company has therefore indicated that it plans to follow the same strategy, no matter what happens this time.

Bitcoin Buying Continues

As reported by CoinGape, the company has made BTC purchases every week this month despite the major cryptocurrency falling nearly 24% this month. The largest purchase since July was recorded last week with 8,178 BTC, and now has a total of 649,870 BTC at an average price of $74,433.

Also read: Crypto is crashing, but Eric Trump says this is a golden moment to buy Bitcoin!

Currently, with the price of Bitcoin only slightly above $80,000, there is a risk that the price will drop below the average cost base of their BTC holdings. Peter Brandt, a veteran trader, predicts that BTC could drop to $58,000 in this bear market.

Peter Schiff’s response to Saylor’s claims

Peter Schiff, a Bitcoin critic, has responded to Saylor’s comments that the Strategy is “indestructible” and can survive a BTC drop of 80% to 90%. In a post on X, the renowned economist stated that Saylor’s claims are most likely untrue.

Schiff explained that shareholders would not feel good if they lost 90% of their investment. Furthermore, he added that if Bitcoin drops 90%, MSTR shares would likely trade at a huge discount to their Bitcoin value, which would exacerbate the loss.

Conclusion

Despite various challenges and criticisms, Michael Saylor-led Strategy seems to remain steadfast in its commitment to Bitcoin. With a long-term approach and a strong belief in the value of Bitcoin, the company continues to invest amidst market uncertainty.

FAQ

What is Michael Saylor’s strategy regarding Bitcoin?

Michael Saylor implements a consistent Bitcoin accumulation strategy, even in the midst of a bear market, by following the same approach as in the crypto winter of 2022.

How much Bitcoin has Michael Saylor’s company bought recently?

The company purchased 8,178 Bitcoin (BTC) last week, bringing their total holdings to 649,870 BTC at an average price of $74,433.

What is Peter Brandt’s Bitcoin price prediction in this bear market?

Peter Brandt predicts that the price of Bitcoin (BTC) could drop to $58,000 during this bear market.

How does Peter Schiff respond to Michael Saylor’s claim that his company can survive a 90% drop in Bitcoin?

Peter Schiff cast doubt on the claim, stating that if Bitcoin were to drop 90%, MSTR shares would trade at a huge discount to their Bitcoin value, which would exacerbate losses for shareholders.

What does Michael Saylor have to say about his company’s commitment to Bitcoin?

Michael Saylor stated that his company’s commitment to Bitcoin is “unwavering” and their strategy is long-term, despite the risk of being removed from the MSCI index.

That’s the latest information about crypto. Follow us on Google News to get the latest crypto news about crypto projects and blockchain technology. Also, learn crypto from scratch with complete discussion through Pintu Academy and stay up-to-date with the latest crypto market such as bitcoin price today, xrp coin price today, dogecoin and other crypto asset prices through Pintu Market.

Enjoy an easy and secure crypto trading experience by downloading Pintu crypto app via Google Play Store or App Store now. Also, get a web trading experience with various advanced trading tools such as pro charting, various types of order types, and portfolio tracker only at Pintu Pro.

*Disclaimer

This content aims to enrich readers’ information. Pintu collects this information from various relevant sources and is not influenced by outside parties. Note that an asset’s past performance does not determine its projected future performance. Crypto trading activities have high risk and volatility, always do your own research and use cold cash before investing. All activities of buying and selling bitcoin and other crypto asset investments are the responsibility of the reader.

Reference

• Coingape. Michael Saylor’s Strategy Hints It Will Keep Buying Bitcoin Citing 2022 Bear Market. Accessed on November 24, 2025
• Featured Image: Unchained Crypto