MicroStrategy recently purchased 10,624 Bitcoins, which Jacob King disputed. He argued that MicroStrategy was not accepted by the market because it never changed the market. He said Michael Saylor is more insightful than cumulative. According to him, this trend has been evident for many years. He has used past corporate actions to make his point. He suggested that this new change was more of a narrative engineering than an actual effect. His post sparked a heated debate in crypto circles. The question of the purpose of the purchase came to the mind of many viewers. The remaining argument was that MicroStrategy remains one of the strongest long-term Bitcoin proponents. The gap widened as market players confirmed the price movement. At the time, Bitcoin remained under severe pressure. High-profile acquisitions continued to drive the market lower. This created further doubt about the significance of the acquisition.
Critics revisit Saylor.com fraud scandal
King cited Saylor’s history in the dot-com era. He pointed to Saylor’s 2000 settlement with the SEC based on misstatement of earnings. He reported that Mr. Saylor paid $8.3 million to terminate the claims. Moreover, he argued that existing ideas of recognition are similar to previous situations. He argued that the trend is historically clear. This was one of the arguments used by critics to challenge modern MicroStrategy practices. Fans validated Saylor’s work with his changing interest in Bitcoin. They argued that historical events should not undermine current success. Analysts have inserted additional historical background. They say Mr. Saylor turned the company around after it went bankrupt. They also pointed out that MicroStrategy has become a prominent corporate shareholder in Bitcoin. This juxtaposition made the situation Dr. King described even more controversial. His comments sparked past debates about Saylor’s credibility.
Bitcoin price fluctuation
Analysts explained why the market was not affected by the purchases. They pointed out that MicroStrategy purchased Bitcoin over the counter. They stated that there is no currency slippage in over-the-counter trading practices and further that bearish conditions in the market prevail in sentiment. Bitcoin has fallen more than 40% since November 2025. Liquidity tightened globally during the quarter. Central banks maintained restrictive policies. Investors have reduced their level of exposure to speculative assets. This macro pressure canceled out any possible bullish effects. Reflexivity theory was also mentioned by analysts. They explained how perceptions affect market cycles. They observed that MicroStrategy tends to exaggerate news by making big announcements. Their argument was that the market would only react if the cycle was bullish. This time there was no upward momentum environmentally. The lack of movement reinforced the same point Dr. King made to some observers. Some interpret the acquisition as a long-term strategic move.
MicroStrategy Balance Sheet Risks
MicroStrategy’s financial situation was also mentioned. Analysts pointed out that the value of the company’s Bitcoin holdings is now more than $60 billion. They observed that the company’s market was approximately $54 billion. They pointed to imbalances as a risk factor. Recently, CEO Phong Le said that MicroStrategy has the potential to sell Bitcoin. Dr. King applied that fact to argue that strategy is under pressure. Commentators raised the question of whether MicroStrategy can maintain its long-term position. Market observers are now ready to discuss companies’ Bitcoin strategies more actively. These discussions were escalated at the appropriate stage by Dr. King.
