Michael Saylor is defending Strategy’s aggressive bitcoin acquisition strategy as the company’s stock price hits multi-year lows amid a significant downturn in the broader cryptocurrency market.

Key Points

• Strategy shares fell over 9% on Thursday, reaching their lowest valuation since February 2024.
• Bitcoin prices dropped to an intraday low of $58,131, down significantly from the October 2025 peak of $126,000.
• Analysts at CryptoQuant and JPMorgan have advised the company to halt bitcoin purchases and prioritize rebuilding cash reserves.
• Strategy currently holds 845,256 bitcoin, valued at approximately $63.9 billion based on recent regulatory disclosures.
• The company’s cash reserves remain limited at $1.4 billion, raising concerns about its ability to cover dividend payments without selling assets.

Why it Matters

The company’s heavy reliance on bitcoin has made its stock a volatile proxy for the cryptocurrency market, drawing scrutiny from analysts concerned about long-term financial stability. If Strategy continues to face liquidity pressure, its potential need to sell holdings could further destabilize investor confidence and impact broader crypto market trends.