In the most spirited manner befitting a gentleman of dubious fiscal wisdom, Mr. Michael Saylor, co-founder of the enterprise known as Strategy (once christened MicroStrategy), made a rather bold declaration on a Tuesday that was, shall we say, most unremarkable. Despite the ever-mounting apprehensions regarding the financial perils of the cryptocurrency known as Bitcoin, he proclaimed his unwavering dedication to its pursuit.
Quarterly Purchases: A Most Charming Commitment
In an interview with the esteemed purveyors of news at CNBC, our intrepid Mr. Saylor revealed that Strategy intends to persist in its whimsical endeavors of acquiring Bitcoin with a regularity that would make even the most diligent of clockmakers envious, all while disregarding the unpredictable nature of market sentiments and the inevitable scoffs from the more rational observers.
With an air of confidence bordering on hubris, he expressed his intention to augment the company’s Bitcoin reserves every quarter, declaring, “I expect we’ll be buying Bitcoin every quarter forever.” Such optimism! It is indeed a marvel how one can espouse eternal commitment in the face of fiscal uncertainty.
When confronted with inquiries about the considerable debt burden resting upon the shoulders of Strategy-amounting to a staggering $8 billion, much of which is tethered to convertible notes issued to finance these Bitcoin whims-Mr. Saylor brushed aside the notion that a protracted decline in Bitcoin’s value might endanger the company’s financial well-being. Instead, he assured onlookers that should the worst come to pass, they would simply “refinance the debt” as one might change hats for an evening soiree.
“If Bitcoin falls 90% for the next four years, we’ll refinance the debt,” he quipped, with the nonchalance of a man who has never known the meaning of the word ‘prudence.’ One cannot help but admire such a cavalier spirit!
Despite the palpable tensions within the market, particularly as short interest in Strategy’s stock has surged by a staggering 40% since the autumnal months of September, Mr. Saylor remains undeterred. With roughly 30.5 million shares now sold short-representing about 10% of the company’s public float-one might question the wisdom of his steadfastness.
Nevertheless, Strategy stands proudly as the largest corporate holder of Bitcoin, possessing a veritable fortune of 714,644 BTC, currently valued at approximately $49 billion. Such figures would inspire awe if they were not accompanied by an equally impressive decline of 70% in the share price, now languishing at $134.
As for the liquidity necessary to sustain such ambitions, Mr. Saylor assures us that the company possesses ample cash reserves to fulfill its obligations, boasting of funds sufficient for two and a half years’ worth of dividend payments. A comfort, indeed, for those who delight in the precarious dance of finance!
At the present moment, Bitcoin dances around the figure of $69,192, having suffered losses of nearly 8% over the past week-a most disheartening performance, indeed, for any rational soul. Yet, let us not forget: in the world of speculative ventures, pessimism is merely another form of enthusiasm waiting to be unleashed.
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2026-02-11 15:14