Michael Saylor breaks silence after Bitcoin falls below $60,000

Michael Saylor, the founder of Strategy and a well-known Bitcoin bull, ended a two-day silence on social media as Bitcoin’s price dropped sharply below $60,000. Saylor had not posted on his X account since June 24th, a pause that caught the attention of the crypto community. Some users speculated the decline had silenced even him.

But Saylor finally broke the quiet with a post reaffirming his company’s commitment to Bitcoin. He wrote: “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.”

Unrealized losses pile up

Despite the bold stance, the numbers paint a grim picture. Strategy now holds about 844,000 BTC, purchased at an average price of around $75,600 per coin. With Bitcoin trading well below that level, the company’s unrealized loss has climbed to roughly $13 billion.

To put that in perspective, that paper loss is larger than the entire market capitalization of Dogecoin, which sits at about $11.5 billion. It also exceeds the market caps of several major altcoins like Cardano, Monero (XMR), Chainlink, Bitcoin Cash, Litecoin, UNI, and NEAR. This is a striking comparison, though it’s worth noting that unrealized losses can shrink quickly if Bitcoin’s price recovers.

Community reactions and strategy

Saylor is known for posting pro-Bitcoin content almost daily, so his two-day absence raised eyebrows. Some in the community saw it as a sign of stress inside the company. Others, however, pointed to his eventual statement as proof of steady resolve.

What’s next?

Strategy’s approach remains unchanged: buy and hold Bitcoin, come what may. Saylor has long argued that volatility is part of the game and that markets test all capital structures. Whether this strategy pays off in the long run is still an open question, but for now, Saylor is asking investors to stay patient.

*This is not investment advice.

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