Michael Saylor dismisses sell-off fears: "I expect we'll buy Bitcoin forever."

Michael Saylor reaffirms on CNBC that Strategy will maintain its Bitcoin accumulation strategy, ruling out selling despite market volatility.

The CEO of MicroStrategy, now known as Strategy following its rebranding in 2024, has addressed speculation about the financial stability of his firm, assuring that the company will maintain its Bitcoin acquisition policy indefinitely. 

In a recent appearance on the program Squawk Box Saylor, speaking to CNBC, dismissed analysts' fears that a prolonged drop in Bitcoin's price could force the company to liquidate its positions. 

According to the executive, the organization's capital structure is designed to absorb cycles of extreme volatility without compromising its reserves. Therefore, he stated: "We're not going to sell; we're going to buy Bitcoin.", emphasizing that the intention is to execute BTC purchases every quarter forever, in order to consolidate the company's transition to a treasury model based exclusively on digital assets.

Strategy consolidates its position as an institutional leader in Bitcoin

Strategy, originally an enterprise software company founded in 1989, transformed its business model in 2020 by adopting Bitcoin as its main treasury reserve assetThis decision has positioned it as the largest corporate holder of the cryptocurrency in the world, far surpassing any other publicly traded entity. 

At the time of this writing, Saylor's firm has accumulated a total of 714.644 BTCFollowing a recent acquisition of 1.142 BTC valued at $90 million, Strategy's BTC holdings are now worth over $48.800 billion at current market prices. 

In its early years, Strategy used its surplus cash to acquire Bitcoin. However, its strategy has evolved into a more sophisticated model. 

Saylor decided to take advantage of financial engineering tools, such as convertible debt issuance y senior bondsto broaden exposure to the crypto market without relying solely on internal cash flow. This approach has made the company's shares, identified on the stock exchange as MSTR, a benchmark for institutional investors interested in gaining exposure to Bitcoin within a regulated framework in the United States.

Saylor reaffirms his vision: Bitcoin as the new digital capital

Saylor's statements come at a time when Bitcoin is trading near $69.000, undergoing a readjustment phase after reaching all-time highs last October. For the investment community, Strategy's "perpetual buy" stance acts as a significant psychological and financial support. 

Saylor's narrative shifts the view of Bitcoin from a short-term speculative asset to a definition of "digital capital" or long-term ownership. According to the executive, any investment horizon of less than 4 years does not qualify as capital investment, but rather as market-based operations.

Saylor argues that his decision not to sell Bitcoin, even during recessions, helps reduce supply pressure and, consequently, could increase the cryptocurrency's scarcity as institutional demand grows. 

In his own words, “digital capital” surpasses conventional capital, digital credit outpaces traditional credit, and the amplified Bitcoin that Strategy represents surpasses Bitcoin itself. These recent statements reflect the core of his thesis: the future of financial value is progressively shifting into the digital realm.

Strategy and the maturity of global digital money

During the presentation of the fourth quarter 2025 results, Saylor reiterated his commitment to maintaining Bitcoin on Strategy's balance sheet. This comes at a time marked by profound transformations in the US regulatory environment. 

According to the firm's CEO, more active interaction between entities such as the Federal Reserve, the Treasury, and the SEC has fostered a much more favorable regulatory framework for digital assets. This legal structure provides financial institutions with a solid foundation for offering custody services, leveraged transactions, and cryptocurrency-backed loans, while also contributing to a gradual reduction in market volatility, reinforcing Bitcoin's utility as a financial asset.

Saylor also believes that increased Wall Street participation represents a turning point toward a new phase of market growth. Regulatory clarity, coupled with market maturity, is paving the way for a more sustained influx of institutional capital. 

In this context, Strategy does not focus its strategy on the daily fluctuations of BTC's price, but rather on the conviction that the cryptocurrency will play a lasting role as a store of value, even more so than gold or real estate. Based on this, the company continues to leverage capital markets to finance its expansion, driven by the expectation that the developing digital credit infrastructure will stabilize the ecosystem and support prices consistent with the actual costs of mining production.