Michael Saylor’s Strategy: A Desperate Dance with Bitcoin Amidst the Shadows of 2022
Michael Saylor’s company, Strategy, once MicroStrategy, has embarked on a perilous journey, purchasing Bitcoin with the fervor of a man clutching a lifeline, even as the market’s tempest rages. 🌩️💸
With a Bitcoin portfolio as vast as it is precarious, Strategy now faces the cruel jest of unrealized losses, as Bitcoin’s price plummets like a stone in a well. Yet, they persist, clinging to the ghost of their 2022 strategy, a relic of a bygone era when the market was merely a whisper of its current despair. 🧙♂️📉
Strategy’s Relentless Accumulation: A Test of Faith or Folly?
Strategy, ever the stoic, reaffirms its devotion to Bitcoin, even as the price wavers like a drunkard’s step. They reference the 2022 bear market, when Bitcoin fell to $16,000, and their cost basis was a distant memory. What did they do? They bought more, as if the act itself could summon prosperity. 📈😂
In 2022, when Bitcoin’s price was half their purchase price, Strategy’s resolve hardened. Now, they pledge to repeat the ritual, a siren song to the markets. “We bought more,” they declare, as if the past could resurrect the future. 🕊️💣
In the depths of the 2022 crypto winter, our average cost basis was $30K while traded nearly 50% below it at $16K. What did we do? We bought more.
– Strategy (@Strategy)
Even as Bitcoin tumbles 24% this month, Strategy remains active, purchasing 8,178 BTC last week-a feat akin to a man diving into a hurricane to catch a falling leaf. 🌪️🍃
The Perilous Gamble: A Future of Uncertainty?
Bitcoin’s current price, just above $80,000, is a cruel joke compared to Strategy’s average cost of $74,433. Analysts whisper of a potential plunge to $58,000, a scenario that would turn Strategy’s portfolio into a graveyard of unrealized losses. 🕯️💀
Yet, Strategy remains unmoved, their focus fixed on the distant horizon of Bitcoin’s potential. “We are unwavering,” they proclaim, as if faith alone could defy gravity. 🧠🌌
Related Reading: Saylor’s Strategy Is Still In Line For S&P 500 Listing, Matrixport Says
Critics’ Dismay: A Symphony of Skepticism
Strategy’s Bitcoin strategy has drawn the ire of skeptics, none more vocal than Peter Schiff. “If Bitcoin drops 90%, Strategy will be fine,” he scoffs, “but shareholders? They’ll be fine? No, they’ll be ruined.” 🤡💸
According to , if Bitcoin goes down 90%, will be fine. In the unlikely event his claim is true, shareholders won’t be fine losing 90% of their investment. In fact, with Bitcoin down 90%, MSTR will likely trade at a huge discount to its Bitcoin, exacerbating losses.
– Peter Schiff (@PeterSchiff)
Schiff labels Strategy’s model a “fraud,” warning that a Bitcoin crash would send their stock plummeting. “A disaster for investors,” he warns, as if the market’s chaos were a personal vendetta. 🧠💣
Yet, Strategy stands firm, their resolve as unyielding as a stone in a river. They buy Bitcoin, not as a gamble, but as a manifesto of belief. 🧭🔥
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2025-11-23 01:32