Michael Saylor, chairman of the American software company MicroStrategy, has once again become a topic of discussion in the cryptocurrency community after his recent remarks. Established in 1989 in Virginia, MicroStrategy is particularly known for its substantial investments in Bitcoin in recent years. The company’s top executive, Saylor, faced criticism due to a video where he claimed Bitcoin could reach 10 million dollars within a day.
Reactions to the “Bitcoin Could Hit 10 Million” Statement
In his latest video, Saylor defended the price volatility of Bitcoin, asserting that significant declines are “a reward for loyal investors.” His comments ignited varied opinions as he suggested that price volatility helped deter short-term investors.
Saylor viewed volatility as “a gift to the loyal,” stating, “Significant drops leave those truly interested; while casual observers are driven away.”
In the same speech, Saylor remarked, “If the rest of the world knew what I know and agreed with me, Bitcoin would soar to 10 million dollars by tomorrow.”
Saylor highlighted that a sudden surge could disadvantage long-term investors: “Imagine having the chance to buy under a million dollars for 20 years; an abrupt rise would eliminate this opportunity.”
Social media platforms witnessed a flurry of criticism towards Saylor’s predictions and approach. Some users questioned whether Saylor presented a realistic picture, while others shared ironic posts like, “If everyone understood the value of what I own, I’d be a billionaire.” Others drew parallels to past economic bubbles to criticize further.
Ongoing Purchases Despite Significant Losses at MicroStrategy
Saylor’s statements surfaced during a period when MicroStrategy faced considerable losses. Despite recent dips in Bitcoin’s price, the company continued its acquisitions. According to the latest official announcement, MicroStrategy acquired 855 more Bitcoins for approximately 75 million dollars. The company’s total Bitcoin assets are valued at around 50.5 billion dollars at current prices, with an indicated loss exceeding 3.7 billion dollars from the average purchase cost.
In October, it was reported that the company’s paper profits from Bitcoin investments were close to 33 billion dollars. Currently, the combination of the portfolio’s value reduction and the decline in the company’s stock price is notable. MicroStrategy shares have plummeted more than 70% from their peak in July 2025.
Concerns Over Sales and Queries to Management
Discussions have arisen regarding MicroStrategy’s management’s views on a potential Bitcoin sale. Company CEO Phong Le mentioned in a November statement, “If the company’s shares fall below the value of the owned Bitcoins, a sale might be considered.”
Saylor, however, stated that a Bitcoin sale would only be evaluated if the net asset value fell below 1. Official sources indicate MicroStrategy’s current net asset value stands at 1.14. The company announced no sales plans at present.
