“Volatility Is Vitality,” Says Saylor
Despite MicroStrategy (MSTR) shares falling 41% year-to-date, executive chairman Michael Saylor remains confident in the company’s position. Speaking in a YouTube interview with CoinDesk, Saylor highlighted MicroStrategy’s approximately $6.1 billion in unrealized gains on its 649,870 Bitcoin holdings and dismissed concerns about market instability.
Calling volatility “vitality” and “Satoshi’s gift to the faithful,” Saylor argued that Bitcoin’s price swings are what enable sophisticated investors to outperform traditional markets.
“If Bitcoin wasn’t volatile, it probably wouldn’t be high performance,” he said, comparing the dynamic to managing energy:
“There are those who run from the fires, and then there are people who put the fire in the automobile or the jet airplane.”
Saylor Rejects Liquidation Fears
Responding to questions about MicroStrategy’s financial obligations, Saylor reiterated that Bitcoin and MSTR equity holders should maintain a minimum four-year horizon, adding that ten years is “the right time frame.”
He also pushed back strongly against claims the company might be forced to liquidate Bitcoin, stating MicroStrategy’s dividend commitments represent just “one of one basis point” of daily BTC trading volume — “a rounding error,” in his words.
He similarly dismissed speculation about potential removal from indices such as MSCI or the NASDAQ 100, calling those warnings “alarmist.”
According to Saylor, “The free market is going to allocate capital and it will adjust.”
Competitors Struggle While MicroStrategy Accelerates Accumulation
Saylor’s remarks come as major digital asset technology competitors experience mounting stress. Companies such as FG Nexus and BitMine are grappling with substantial unrealized losses and forced asset liquidations. MicroStrategy, by contrast, has continued expanding its Bitcoin position — purchasing $830 million worth of BTC this week alone.
“We have capital for the next 70 years,” Saylor said, noting that this projection holds even with zero Bitcoin appreciation. He characterized the current market turbulence as temporary “noise” that “will eventually pass,” asserting confidence while other DAT firms work to stabilize their balance sheets and calm investors.
