MicroStrategy Executive Chairman Michael Saylor has publicly doubled down on the company's long-term Bitcoin accumulation strategy, stating it will continue buying BTC every quarter "forever" and will not sell its holdings despite market volatility and significant unrealized losses. The announcement came during a CNBC interview as Bitcoin price fluctuated below $70,000.
Saylor directly addressed widespread market speculation about potential forced liquidations of MicroStrategy's Bitcoin treasury. He labeled these concerns as "unfounded" and "incorrect," explaining that the company treats Bitcoin as a long-term treasury asset, not a short-term trading position. "We're not going to be selling. We are going to be buying bitcoin," Saylor stated emphatically.
To illustrate the extremity required to pressure MicroStrategy's finances, Saylor outlined a severe hypothetical scenario. He stated Bitcoin would need to fall by approximately 90% from current levels and remain depressed for several years to create refinancing pressure. He referenced comments from MicroStrategy CEO Phong Le, who previously suggested Bitcoin would need to fall to $8,000 and stay there through 2032 for the company to face such pressure.
Saylor detailed the company's robust financial position to support his claims. He revealed MicroStrategy holds about two and a half years of cash reserves to cover dividend payments and debt servicing. Furthermore, he emphasized the company's strong balance sheet, noting its net leverage ratio is about half that of typical investment-grade companies and that it holds Bitcoin equivalent to 50 years' worth of dividends, acting as a financial buffer.
The commitment to accumulation is backed by action. MicroStrategy recently disclosed a purchase of 1,142 BTC between February 2 and February 8, 2026, worth approximately $90 million. Saylor confirmed the quarterly acquisition plan remains active, with the company having raised billions in capital to support continued buying.
Addressing Bitcoin's volatility, Saylor reframed it as a feature, not a bug. He argued that while Bitcoin is two to four times more volatile than traditional assets like gold or stocks, it has the potential to perform two to four times better. "Volatility is not a flaw, it's a characteristic," he said, predicting Bitcoin will form the basis for new financial instruments like "digital credit" products.
Finally, Saylor avoided short-term price predictions, instead focusing on a multi-year horizon. He asserted that Bitcoin will perform 2-3 times better than alternative capital assets over a four-year period and predicted it would "double or triple the performance of the S&P 500 in the next 4 to 8 years."
