Michael Saylor Doubles Down on Bitcoin With New Major Purchase Despite Losses
As Strategy (formerly MicroStrategy) faces a legal storm, its chairman Michael Saylor appears ready to strengthen the group’s position in the bitcoin market. A stance that raises questions after a record loss of $5.9 billion in the first quarter!
In brief
- Strategy suffers a $5.9 billion loss and faces legal proceedings.
- Despite the accusations, Michael Saylor continues to show a willingness to buy more bitcoin.
Strategy under pressure after massive bitcoin-related losses
According to data, the company Strategy records a financial loss of $5.9 billion on its crypto portfolio in the first quarter of 2025. The MSTR stock price also fell by 9% (despite a 28% rebound since April).
For many crypto experts, this decline stems from an accounting change initiated in January related to a FASB rule. This rule indeed allows companies to reflect the market value of their crypto assets in their balance sheets.
That’s not all! Michael Saylor and other Strategy executives are also the subject of a legal complaint. An institutional investor, Abhey Parmar, accuses them of hiding the extent of risks linked to bitcoin volatility. He also points to $31.5 million in insider trading conducted while the shares were allegedly inflated.
According to Cointelegraph, a parallel lawsuit in the form of a class action was filed in May. It denounces the lack of transparency around the bitcoin investment strategy.
Despite controversies, Strategy confirms its pro-bitcoin strategy
In this heated context, Michael Saylor has not given up on his radical approach. On June 22, he posted on X a chart illustrating the group’s previous BTC purchases. All accompanied by a cryptic message: “Nothing stops this orange”!
This type of communication often precedes announcements of massive purchases. Currently, Strategy holds more than 592,000 BTC. This represents nearly $60 billion. Making it the largest bitcoin cash holder in the world among publicly traded companies.
Despite fraud suspicions, massive losses, and criticisms over still unclear crypto regulations, Saylor continues to show absolute confidence in the crypto market.
One thing is certain: Michael Saylor’s strategy raises as much admiration as controversy. A model that could inspire or discourage other players in the bitcoin market!
Disclaimer: The content of this article solely reflects the author's opinion and does not represent the platform in any capacity. This article is not intended to serve as a reference for making investment decisions.
You may also like
During Anthropic IPO roadshow, OpenAI also discloses financial data: Q3 revenue falls short, losses far exceed expectations
OpenAI's revenue in Q3 reached $10 billion, marking a nearly 50% quarter-on-quarter increase. Its annualized run rate is approximately $50 billion, but operating losses have expanded from $10.1 billion to $10.9 billion. Competitor Anthropic has begun its IPO roadshow, with Q3 revenue of $17 billion and losses of only $567 million, leading in both scale and profitability.
Petrobras (PBR.US) Achieves Record Oil and Gas Production in Q3; Adjusted Net Profit Up 78% Year-on-Year, Raises Full-Year Production and Capital Expenditure Guidance
Petrobras released its Q3 2026 financial results after the US market close on November 10.
Retail Investors Can Short AI-Related Debt? High-Leverage CDS ETF Launches, but Analysts Remain Skeptical
Two institutions plan to launch leveraged ETFs tied to CDS of AI companies, betting on credit defaults; Oracle's CDS volume has surged from $8.7 billion to $47.6 billion this year.
Wall Street is divided over Nvidia (NVDA.US): Some see a "once-in-a-lifetime buying opportunity," while others worry about Huang Renxun being "irreplaceable."
Nvidia's (NVDA.US) forward P/E ratio has fallen below 10x—a valuation typical for companies in structural decline, now seen at a firm widely regarded as the "core of the AI revolution."
Crypto prices
More
