Bitcoin and Michael Saylor fud

[bbc.reporter]

I reckon that because there are news that some of these smaller digital asset treasuries are beginning to fail causing them to dump their coins and to buyback their stock, there are people who are beginning to speculate that Microstrategy might do something similar.

This is fud! I have mentioned already before that there might only be 2 digital asset treasuries that will survive. Microstrategy and Tom Lee's Bitmine. There will be losses during a bear market, however, they will not dump their coins.



As Strategy’s (MSTR) share price continues to slide, executive chairman Michael Saylor has felt compelled to address growing investor concern for the second time in two weeks.

Last Friday, Saylor dismissed rumours that the company was selling bitcoin, stating there was “no truth to the rumour.”

Saylor argued that while funds and trusts passively hold assets, Strategy is actively creating, structuring and issuing products, positioning the company as a new type of bitcoin backed structured finance enterprise.

“This year alone, we have completed five public offerings of digital credit securities, STRK, STRF, STRD, STRC and STRE, representing more than $7.7 billion in notional value,” Saylor added.

Read in full https://www.coindesk.com/markets/2025/11/21/michael-saylor-speaks-out-again-as-msci-concerns-mount

[348Judah]

I reckon that because there are news that some of these smaller digital asset treasuries are beginning to fail causing them to dump their coins and to buyback their stock, there are people who are beginning to speculate that Microstrategy might do something similar.

You see, the problem is not in dumping to buy the dip later again, but sometimes after you dump, you missed out, because the market may rises thereafter instead of falling the more, instead, i will suggest on buying the dip the more in accumulation, so that when the time comes for the market to rise, we can't imagine how much we could have made as profits, I said this because the market sometimes is unpredictable.

[BlackBoss_]

Saylor argued that while funds and trusts passively hold assets, Strategy is actively creating, structuring and issuing products, positioning the company as a new type of bitcoin backed structured finance enterprise.

“This year alone, we have completed five public offerings of digital credit securities, STRK, STRF, STRD, STRC and STRE, representing more than $7.7 billion in notional value,” Saylor added.[/i]

It only makes sense for his business if Strategy can go through a bear market, survive well and won't have any bankruptcy in coming months. Strategy is not a newbie institutional investor in Bitcoin market and actually the pioneer in this market, so with their experience through two bull markets (2021 and 2025) as well as one bear market (2022 and 2023), I believe that they will survive well in the coming bear market that possible appears in 2026 and 2027.

They will continue to do DCA Bitcoin with time, and it's impressive that they make products around Bitcoin and beyond it for their business and customers. Creating and managing different products is good but not enough, and risk management for their investment in Bitcoin and products around Bitcoin must be done properly. Otherwise, they can be liquidated like people who loan money, use leverage in this market, and let's see how Strategy finish the next two years in Bitcoin market.

To clearly emphasize, I don't expect any terrible future for Strategy like a bankruptcy as it will be a bomb and shock Bitcoin market terribly.

[PrivacyG]

I reckon that because there are news that some of these smaller digital asset treasuries are beginning to fail causing them to dump their coins and to buyback their stock, there are people who are beginning to speculate that Microstrategy might do something similar.

This is fud! I have mentioned already before that there might only be 2 digital asset treasuries that will survive. Microstrategy and Tom Lee's Bitmine. There will be losses during a bear market, however, they will not dump their coins.

And who guarantees this will not happen?  If the Markets turn negative in the next few months or years, it can lead to a sudden change in his plan.  Maybe they did not sell any Bitcoin yet, but this does not mean they are not going to under particular conditions.

Realistically speaking.  How long do you believe Micro Strategy will hold on to their Bitcoin stash for?  At some point they will have to cash out, it will not be only purchases forever.

[Outhue]

I reckon that because there are news that some of these smaller digital asset treasuries are beginning to fail causing them to dump their coins and to buyback their stock, there are people who are beginning to speculate that Microstrategy might do something similar.

You see, the problem is not in dumping to buy the dip later again, but sometimes after you dump, you missed out, because the market may rises thereafter instead of falling the more, instead, i will suggest on buying the dip the more in accumulation, so that when the time comes for the market to rise, we can't imagine how much we could have made as profits, I said this because the market sometimes is unpredictable.

People like Microstrategy has insiders and pro chart readers everywhere, they know better than many people in crypto space, I wouldn't worry about them than retailers who knows not much, this buying the dip that you are talking about is best advice for retailers and small time investors, not institutions.

They played their games so well that they confused the world about the ATH of Bitcoin and do fsr it looks like people believed them, 126k was the top and many still don't believe it, these people are far more dangerous the moment they start to push price predictions in our faces, they are the real winners. Microstrategy must have sold and when it is time to buy they will know when to get in, but for people like us we have to DCA because we don't know when the bottom will be in again, this whole price thing is a game, and these giant institutions are the master puppeteers.

[Searing]

what is the likelihood that Bitcoin goes low enough for this to happen?


https://www.binance.com/en/square/post/32666150245826

[Danica22]

I reckon that because there are news that some of these smaller digital asset treasuries are beginning to fail causing them to dump their coins and to buyback their stock, there are people who are beginning to speculate that Microstrategy might do something similar.

This is fud! I have mentioned already before that there might only be 2 digital asset treasuries that will survive. Microstrategy and Tom Lee's Bitmine. There will be losses during a bear market, however, they will not dump their coins.

And who guarantees this will not happen?  If the Markets turn negative in the next few months or years, it can lead to a sudden change in his plan.  Maybe they did not sell any Bitcoin yet, but this does not mean they are not going to under particular conditions.

Realistically speaking.  How long do you believe Micro Strategy will hold on to their Bitcoin stash for?  At some point they will have to cash out, it will not be only purchases forever.

It is true that they have not sold their bitcoins yet and the recent news is false. But on the other hand, there is also no guarantee that they will not sell their bitcoins if the market turns bad and the price of bitcoin plummets. We are still in the early stages of the bear market, the severity and bottom of the bear market are yet to be determined. Therefore, it is still too early to say that they will not sell their bitcoins.

After all, they are investors just like us and their ultimate goal is profit, nothing more.

MicroStrategy is investing with other people’s money through raising capital by issuing bonds. That means if the bitcoin drops so much that the MSTR price collapses, they will not be able to raise capital or will have difficulty repaying their debts. They can sell bitcoins at any time in this bear market. So instead of believing they will never sell bitcoin, they could be the black swan in this bear market.

[PrivacyG]

And who guarantees this will not happen?  If the Markets turn negative in the next few months or years, it can lead to a sudden change in his plan.  Maybe they did not sell any Bitcoin yet, but this does not mean they are not going to under particular conditions.

Realistically speaking.  How long do you believe Micro Strategy will hold on to their Bitcoin stash for?  At some point they will have to cash out, it will not be only purchases forever.

It is true that they have not sold their bitcoins yet and the recent news is false. But on the other hand, there is also no guarantee that they will not sell their bitcoins if the market turns bad and the price of bitcoin plummets. We are still in the early stages of the bear market, the severity and bottom of the bear market are yet to be determined. Therefore, it is still too early to say that they will not sell their bitcoins.

After all, they are investors just like us and their ultimate goal is profit, nothing more.

Are you seriously simply re wording what I said?

[X-ray]

Always the problem with MSTR is that it's big enough to get attention at every on-chain tx.

Microstrategy could be moving bitcoin for some security reasons and people will shout microstrategy is selling their bitcoin. It's been like that for a while. Microstrategy is not an amateur at this kind of thing. They definitely have risk management. Even if they sell to restructure, doesn't mean they are selling it all.

[sunsilk]

I think that MSTR is already in profit and even if the market has go to through the bear market, there's still left in $$$ value of what they have profited.

But that is a huge loss for them when they have an average purchase on this bull run with the price of $100k and above.

We can believe that Michael Saylor is a man of his words and have been consistently buying and applies DCA for MSTR. It's not impossible that they have to sell some for them to survive.

[mrust_mobile]

what is the likelihood that Bitcoin goes low enough for this to happen?


https://www.binance.com/en/square/post/32666150245826

This article reads like it was written by AI. A nice doom and gloom piece though. Maybe Saylor knew what is going to happen and that’s why he recently said that he is expecting a bear market soon. He knew he was cornered and will soon be forced to puke the coins he acquired but he couldn’t admit it directly.

Still though, this is more of a problem for Saylor and his shareholders. I don’t think it affects any btc holders dramatically. Yes prices may go as low as $50k for a while but that’s it. It will only create a chance to accumulate them cheap coins more.

[Die_empty]

I think that MSTR is already in profit and even if the market has go to through the bear market, there's still left in $$$ value of what they have profited.

But that is a huge loss for them when they have an average purchase on this bull run with the price of $100k and above.

We can believe that Michael Saylor is a man of his words and have been consistently buying and applies DCA for MSTR. It's not impossible that they have to sell some for them to survive.

It would be a big disappointment if Strategy doesn't have a viable plan to survive the bear session. Michael Saylor has a long-term view of keeping Bitcoin, which is why the company kept buying even when the price was above $100k. Stractegy is not like other funds, trusts, or holding companies because it also owns a $500 million software business that is publicly traded.

The bear market will be the biggest test for most companies that invested heavily in Bitcoin. I expect to see some of them going down, since some of them just joined the bandwagon without proper planning. We have to wait and see how Strategy will overcome this storm.       

[FinneysTrueVision]

Bitmine has billions in unrealized losses and a 0.75 mNAV. I don’t see how they survive a bear market if things continue to get worse.

Saylor is telling investors what they want to hear. Objectively speaking, if MSTR gets removed from major indices that could be bad news for their valuation, which would make it less appealing to potential investors. They will continue raising funds through all their various offerings and buying Bitcoin, but I still question the long term viability of DAT companies if all we see are down only charts.

[Zaguru12]

I think that MSTR is already in profit and even if the market has go to through the bear market, there's still left in $$$ value of what they have profited.

But that is a huge loss for them when they have an average purchase on this bull run with the price of $100k and above.

The total average buy of the companies almost 650k bitcoin is around $74,500 according to Saylor himself so economically relating this with fiat currency he would only be at a loss if he sells below that $74k price and I won’t deny that we would be getting to such price before the end of this bear market but we need to understand that you will only lose when you sell your bitcoin so as long you still hold them there is no way you will be actually at loss because one bitcoin is one bitcoin and in relation to fiat currency it’s still same thing as long as you do not sell you are not at loss because bitcoin will definitely regain those highs again and even set new ones.

We can believe that Michael Saylor is a man of his words and have been consistently buying and applies DCA for MSTR. It's not impossible that they have to sell some for them to survive.

Yet again I wouldn’t place any trust on anyone or institutions, Saylor can decide to sell his bitcoin that doesn’t changes anything the market will just temporarily react just due to FUD and we will be back again. The thing is to just simply have a long term plan and that saves one from all this panic.

[Free Market Capitalist]

Last Friday, Saylor dismissed rumours that the company was selling bitcoin, stating there was “no truth to the rumour.”

Saylor argued that while funds and trusts passively hold assets, Strategy is actively creating, structuring and issuing products, positioning the company as a new type of bitcoin backed structured finance enterprise.

“This year alone, we have completed five public offerings of digital credit securities, STRK, STRF, STRD, STRC and STRE, representing more than $7.7 billion in notional value,” Saylor added.[/i]

Read in full https://www.coindesk.com/markets/2025/11/21/michael-saylor-speaks-out-again-as-msci-concerns-mount

Well, there's a lot to clarify there. For starters, that refers to the past. But if the price continues as it is, it won't be able to finance Bitcoin purchases, or if it does, I don't know what rabbit it's going to pull out of its hat.

This year's Bitcoin purchases have been financed with IPOs of preferred shares as well as ATMs of those preferred shares and MSTR common stock. There won't be any more IPOs in the near future, especially given the state of the market. The preferred shares aren't ATMable because they're below $100. And neither is the common stock because the mNAV is too low.

Realistically speaking.  How long do you believe Micro Strategy will hold on to their Bitcoin stash for?  At some point they will have to cash out, it will not be only purchases forever.

As you reflected in another thread, that is more of a wish than a reality. Strategy's system is sustainable if the price of Bitcoin continues to grow. It may fall in some years, but on average it has to appreciate more than the S&P 500, otherwise it is not sustainable. If Bitcoin continues to appreciate on average by more than 10 or 15% per year, Strategy does not need to sell Bitcoin at all. Another thing is if you believe that Bitcoin has reached a historic high and will only fall from now on. Then Strategy will also fall.

[rat03gopoh]

This is fud! I have mentioned already before that there might only be 2 digital asset treasuries that will survive. Microstrategy and Tom Lee's Bitmine. There will be losses during a bear market, however, they will not dump their coins.

Their obligation isn't to Bitcoin, but to their shareholders and creditors. If extreme market conditions arise (I'm not saying right now), they'll do whatever it takes to survive, including start selling. While they may not want to sell, their corporate structure could force them to do so if margins, covenants, or refinancing become impossible.

MicroStrategy has survived this far not because they are immune, but because they have access to credit markets on a scale that smaller entities don't.

[Franklyn-wood]

I think that MSTR is already in profit and even if the market has go to through the bear market, there's still left in $$$ value of what they have profited.

But that is a huge loss for them when they have an average purchase on this bull run with the price of $100k and above.

We can believe that Michael Saylor is a man of his words and have been consistently buying and applies DCA for MSTR. It's not impossible that they have to sell some for them to survive.

It would be a big disappointment if Strategy doesn't have a viable plan to survive the bear session. Michael Saylor has a long-term view of keeping Bitcoin, which is why the company kept buying even when the price was above $100k. Stractegy is not like other funds, trusts, or holding companies because it also owns a $500 million software business that is publicly traded.

The bear market will be the biggest test for most companies that invested heavily in Bitcoin. I expect to see some of them going down, since some of them just joined the bandwagon without proper planning. We have to wait and see how Strategy will overcome this storm.       

Michael has been holding his company Bitcoin for a long time and for him to think of selling part of the Bitcoin, that means he's trying to take some profits so that even if this market continues to dip it won't have huge effect on the company's floating profits that had been made. Selling part of their Bitcoin might be a good idea for the company to hold some profits so that they can buy back later when price of Bitcoin has dipped enough to rebuy it. Companies are created to make money not by only spreading the adoption of Bitcoin alone which we had been seeing Michael does most of the time on his social accounts.

[Bluedrem]

There will be criticism if the price drops. When Strategy transferred some Bitcoins to another address last week, many people thought that they might be selling Bitcoins. That is why some panicked investors started selling their Bitcoins and we saw the price of Bitcoin drop significantly. Although the incident was a rumor, I am not happy about it at all because I think decentralized Bitcoins are stuck with some companies or groups, or even just the fake news of Micro Strategy selling Bitcoins, people started selling their stored Bitcoins, meaning that some part of the Bitcoin investors are influenced by Micro Strategy. I think Micro Strategy should have a few hundred thousand more Bitcoin treasuries like this that will hold Bitcoins in their reserves, so if someone from there transfers their Bitcoins and sells them, it will not have a big impact on the price of Bitcoin.
Although Michael Saylor has promised investors that he will not sell his Bitcoins. Although I believe him. Still, I would say that Bitcoin should become an asset that no individual, group, or company buying or selling Bitcoin will have a major impact on the price of Bitcoin in all this news.

[The Sceptical Chymist]

It only makes sense for his business if Strategy can go through a bear market, survive well and won't have any bankruptcy in coming months.

Yeah, I don't think MSTR is going to have to resort to bankruptcy within a matter of months.  Their stock took a massive hit recently, but so did most crypto-related stocks--including some (or probably all) of the ones that jumped on the crypto treasury bandwagon right when prices were soaring.  Saylor didn't start buying bitcoin at $100k, and that's an important point.

I haven't read the article OP posted, but I will after writing this.  I'm curious what Coindesk has to say about companies selling off the bitcoin/whatevercoin they bought, because I hadn't heard anything about that.  Doesn't surprise me, though.  It might be an unpopular position here on bitcointalk, but I think the model of publicly-traded companies buying crypto as a separate business is stupid.  Especially with companies like Kindly MD, Semler Scientific and the like; their core business has nothing to do with crypto and to me it just comes off as a publicity stunt.

Just watch all the class action lawsuits that pop up because of this shit.  The lawyers are going to get rich.

[Dogedegen]

I reckon that because there are news that some of these smaller digital asset treasuries are beginning to fail causing them to dump their coins and to buyback their stock, there are people who are beginning to speculate that Microstrategy might do something similar.

This is fud! I have mentioned already before that there might only be 2 digital asset treasuries that will survive.

Yeah there was a lot of FUD in the recent period, but the people on the receiving end are to blame to be honest. If FUD did not work then practically nobody would invest time to generate FUD. It is primarily because it works that it continues to be a method that is used to manipulate the general opinion.

Microstrategy and Tom Lee's Bitmine. There will be losses during a bear market, however, they will not dump their coins.

Tom Lee is just a cheap shitcoin copy of Saylor. It is like a Chinese junk copy of a quality German product.  

Realistically speaking.  How long do you believe Micro Strategy will hold on to their Bitcoin stash for?  At some point they will have to cash out, it will not be only purchases forever.

This is an incorrect assumption that you are making. As the world continues to get on the Bitcoin standard there will never be a need to cash out. That is the mistake that you are making. Even normal people can already do this actually but the interest rate and LTV that they would get it not good, so it is not recommended yet. Soon enough though, there will never be a reason to actually sell Bitcoin.

what is the likelihood that Bitcoin goes low enough for this to happen?

https://www.binance.com/en/square/post/32666150245826

Nothing will change if Strategy is removed. The business model does not entirely rest on Strategy's stock price. Would this cause issues for buying more Bitcoin? Sure. Would this be a death spiral? No. Do you even see how large the daily volume is? Even if some Bitcoin had to be sold to remedy this situation, and I am not even saying that they would have to sell anything at all, that does not mean everything will be sold.   The only real thing that would happen: The stock premium would go under 1 which would signal that it is an excellent buy opportunity. That is it, literally nothing else would necessarily happen. Some things may happen later as a result of this but nothing negative is guaranteed. Most stock prices are extremely inflated by the metrics that are relevant for said stock, like P/E ratio.

All this information is being used to manipulate you by people who have open shorts or hate Bitcoin. Don't fall for it.