Strategy considers suicide as it contemplates sale of $1.25 billion worth of Bitcoin

Michael Saylor is no stranger to dramatic stock price swings, but what he has been seeing lately regarding MSTR’s share price is, of course, deeply concerning. MicroStrategy’s stock has fallen more than 40% since the start of the year.

Just like in 2000, when MicroStrategy’s share price plummeted 99% from its peak during the dot-com bubble, his company’s stock price appears to be crashing over these past few months (not illogic given that it is the largest corporate holder of Bitcoin).

Crash

Saylor is therefore introducing a new strategy, one that analysts believe could cause the price of Bitcoin to crash completely.

The banks, which readily supported Saylor’s strategy of acquiring as much Bitcoin as possible during the bull market years of 2021, 2023, 2024, and 2025, thereby providing him with the necessary credit, are far less eager to take his calls in 2026.

With the price of Bitcoin plummeting, the value of the company’s Bitcoin holdings has also dropped significantly. Saylor purchased his Bitcoins at an average price of $75,000, meaning he is now facing a substantial loss. Consequently, a few weeks ago, the company sold some of its Bitcoins, which immediately triggered a drop of the Bitcoin price.

The problem is that Saylor’s press release last week reassured banks that he would repay his debts. Buried deep within that statement was a sentence noting that, should the need become critical, Saylor is prepared to sell off a staggering $1.25 billion worth of Bitcoin; knowing that the sale of just 32 Bitcoins by Strategy had an immediate impact on the crypto market, we cannot even imagine the kind of crash such a move would trigger.