NEW YORK – A global champion of Bitcoin accumulation, Strategy has suffered far steeper losses on Wall Street this year than the world’s leading cryptocurrency itself. The prospect of a panic-driven liquidation of its 671,268 bitcoins now represents an extreme risk for the broader crypto market in 2026. The company’s mounting difficulties are increasingly seen as a warning signal for the growing number of “Bitcoin treasury companies” that have emerged in its wake.
Will the crypto markets take Michael Saylor at his word? Defiant in tone, the head of Strategy said in an interview with Fox News on November 17 that his company — which continues to absorb Bitcoin at an almost insatiable pace — could withstand a collapse of 80% to 90% in the price of the market’s flagship digital asset.
Since that statement, Bitcoin’s price has already slipped from $94,000 to around $87,500 (€74,200). According to Saylor, the leading cryptocurrency could even plunge toward $10,000 without causing sleepless nights for Strategy’s shareholders — or for Michael Saylor himself.
FAQs
Who is Michael Saylor and why does he matter to Bitcoin?
Michael Saylor is the executive chairman of Strategy and one of the most influential advocates of Bitcoin, known for turning his company into a massive Bitcoin treasury.
Why is Strategy considered a risk to the crypto market?
With holdings of more than 671,000 bitcoins, any forced or panic-driven sale by Strategy could trigger significant volatility across the cryptocurrency market.
How has Strategy performed compared to Bitcoin?
Despite its aggressive Bitcoin accumulation strategy, Strategy’s stock has fallen more sharply than Bitcoin’s price this year on Wall Street.
Could Bitcoin really fall by 80% or more?
While extreme, such drawdowns are not unprecedented in Bitcoin’s history, though they would have major implications for leveraged players and Bitcoin-focused companies.
What does this mean for other Bitcoin treasury companies?
Strategy’s struggles serve as a cautionary tale for other firms adopting Bitcoin treasury strategies, highlighting the risks of heavy exposure to a single volatile digital asset.
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