Michael Saylor Confesses Bitcoin Winter – Is Crypto Forever Frozen?

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Imagine the scene: a slick Fox Business set, a crisp interview, and Michael Saylor – the man who probably bought a whole yacht with Bitcoin – declaring that the crypto market is officially “in a winter.” He dived into that icy pool eight months after proclaiming, “winter is not coming back.”

“We are in a crypto winter,” Saylor announced. “This is the fifth major drawdown of Bitcoin in the five years since I’ve been in the marketplace.”

At the time of writing, Bitcoin hovered around $67,800, a tidy 46 % drop from its October 2025 peak of $126,000. MSTR, the stock that once tasted the Golden Rain, has sunk roughly 63 % from that same high.

Why Saylor Thinks This Bitcoin Crypto Winter Is Different

He admitted the downturn in a way only a billionaire can: “It’s a milder winter. It’ll be shorter. Afterwards comes a glorious spring and an even grander summer.” Insert a fancy coffee‑shop table and you’ll be tempted to believe the whole thing is a tan‑tastic metaphor.

“This is a much milder winter than previous winters. It’ll be shorter than previous winters. It’s going to be followed by a spring and then a glorious summer,” he trundled on.

According to Saylor, the new season feels more buoyant thanks to a handful of institutional and political cheerleaders: a pro‑crypto U.S. administration, 12 cabinet members with Bitcoin‑philosophy training, growing banks sniffing the digital dust, and BlackRock’s eagerly awaited spot Bitcoin ETF. He’s basically saying the cold is Fairweather and the weather report is smiling.

Strategy Holdings Sit Below Cost Basis

Strategy Holdings sits on a whopping 717,131 BTC, each acquired at a mean price of $76,000. Presently, the company’s entire position is underwater – a fun metaphor for feeling like you should have invested in a spa day instead of a rollercoaster.

Their 99th purchase last week added 2,486 BTC for $168.4 million. Saylor shrugged off the risk, noting that roughly $55 billion in capital came from equity-not debt-and only $8 billion was borrowed. The firm also carries $2.25 billion in cash, enough for “two and a half years of obligations.” Sounds like a hedge fund at a family reunion.

“We’re like the company that owns 3.4% of Manhattan with enough capital to hold out to the end of the century,” Saylor calmly explained, as if repeating something he’d told himself during newborn lullabies.

A few days earlier, he boldly declared Strategy could survive even if Bitcoin slumped to $8,000. The bravado, the cash reserves, the whisper of a new summer – it’s all a testament to the conviction that the crypto world is just a very fancy, very volatile capsule of childhood capitalism.

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2026-02-18 14:21