Michael Saylor, the Executive Chairman of MicroStrategy, has firmly stated that he has no plans to sell any Bitcoin (BTC) holdings.
When questioned about whether there is a specific price threshold that would force MicroStrategy to liquidate its Bitcoin assets, Saylor dismissed the idea outright.
“That concern is completely baseless,” he asserted. “Our net leverage ratio is only half of what you typically see in investment-grade companies. We hold Bitcoin equivalent to 50 years’ worth of dividends and maintain enough cash on hand to cover two and a half years of dividends. Selling isn’t on our agenda — we intend to keep acquiring Bitcoin continuously, likely every quarter indefinitely.”
Volatility as an inherent trait
The value of MicroStrategy’s stock has declined sharply over the past year, yet Saylor remains unbothered by this downturn. He explained that the company operates as a leveraged vehicle for gaining exposure to Bitcoin and emphasized that investors need longer-term perspectives when dealing with such assets.
“Our company essentially functions as an amplified version of Bitcoin,” Saylor said. “This means when Bitcoin rises, our stock appreciates even faster. Conversely, during downturns, our volatility increases substantially — we’ve engineered an asset with approximately 80% volatility.”
Regarding the nature of Bitcoin itself, he highlighted price fluctuations as a fundamental characteristic necessary for its growth potential.
“It’s important to remember that Bitcoin represents digital capital,” he noted. “Its volatility ranges from two to four times higher than traditional assets like gold, stocks or real estate — but it also delivers two to four times better performance over this decade compared with those conventional investments. It stands out as one of the most valuable global capital assets available today.”
Debunking liquidation fears
Saylor was also asked about how MicroStrategy would respond if Bitcoin were subjected to a severe multi-year crash.
“if BTC dropped by 90% over several years,”, he responded confidently: “We’d simply refinance our debt obligations.”
“ '' ''if you consider current prices around $68K bitcoin must fall below $8K before refinancing becomes necessary.. But if you think it will go all way down zero then we will face it at time but I don’t believe either scenario is probable right now,””she added .
He further clarified their financial strength:
&ldquo ;We have sufficient cash reserves covering dividend payments and debts for more than two-and-a-half years . This year alone ,we raised $4 billion ,and last year $25 billion . So credit risk concerns are minimal at best ,”&rdquo ;Saylor concluded .