Strategy founder Michael Saylor, known as a big bull in the market, had been silent on his platform for two days since the Bitcoin price sharply dropped below $60,000.
But she finally broke the silence and made a new post.
Despite the setbacks, Saylor vowed to continue adhering to his current Bitcoin strategy.
Michael Saylor stated that market volatility will test all capital structures, and that his company will continue to focus on Bitcoin’s prudent capital allocation, creditworthiness, and long-term value creation.
Thanking the investors, Saylor emphasized that Strategy will continue to implement its current strategy with transparency and determination.
“Volatility tests every capital structure. The strategy remains committed to a focus on Bitcoin, disciplined capital allocation, credit quality, and long-term value creation. We are grateful to our investors and will continue to implement with transparency and determination.”
Saylor, known in the cryptocurrency community for posting pro-Bitcoin content daily on her X account, drew attention to the community by taking a break from her posts.
Saylor, who last posted on June 24th, has been unusually silent, leading some in the community to say that the decline has managed to silence even her.
With the decline in Bitcoin, Strategy’s unrealized loss has reached $13 billion. At this point, according to the latest analyses, Strategy’s unrealized loss in Bitcoin assets has exceeded Dogecoin’s market value.
While the company’s paper losses are approximately $13 billion, Dogecoin’s market capitalization is around $11.5 billion.
In this state, the company’s losses have also exceeded the market capitalization of other major altcoins such as Cardano, XMR, Chainlink, Bitcoin Cash, Litecoin, UNI, and NEAR.
Strategy currently holds approximately 844,000 BTC, with an average purchase price of around $75,600.
*This is not investment advice.
