Strategy founder Michael Saylor, known as a market bull, remained silent on his platform for two days after the price of Bitcoin fell below $60,000.
However, she finally broke her silence and made a new post.
Despite the setback, Saylor vowed to stick with his current Bitcoin strategy.
Michael Saylor said market volatility will test all capital structures, and the company remains focused on prudent capital allocation, credit quality, and long-term value creation for Bitcoin.
Saylor thanked investors and stressed that Strategy will continue to execute on its current strategy with transparency and determination.
“Volatility tests any capital structure. This strategy remains focused on Bitcoin, disciplined capital allocation, credit quality, and long-term value creation. We are grateful to our investors and will continue to execute with transparency and determination.”
Saylor is known within the crypto community for posting daily pro-Bitcoin content on his X account, but he gained attention from the community by taking a break from posting.
Saylor, whose last post was on June 24, has remained unusually quiet, with some in the community saying the decline has succeeded in silencing even her.
The fall in Bitcoin’s value caused Strategy’s unrealized losses to reach $13 billion. According to the latest analysis, the unrealized losses on Strategy’s Bitcoin assets currently exceed the market value of Dogecoin.
The company’s paper loss is about $13 billion, while Dogecoin’s market cap is about $11.5 billion.
In this state, the company’s losses also exceed 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 approximately $75,600.
*This is not investment advice.
