As Bitcoin plummets by nearly $14,000 in less than a week, wiping roughly $7 billion off Strategy’s balance sheet, Michael Saylor is leaning into his trademark stoicism once again. The billionaire executive posted an AI-generated photo from the mountain with a two-letter motto: “Be strong.”
It’s unclear whether Saylor addressed this message to himself or his followers, but the numbers behind the post are grim. Strategy currently holds 640,250 BTC and was purchased at an average price of $74,002. For a brief moment in early October, these holdings were worth more than $79 billion and seemed untouchable as Bitcoin soared above $124,000.
₿e strong pic.twitter.com/WyCd9ybksI
— Michael Saylor (@saylor) October 14, 2025
But the turnaround came quickly. By October 14, Bitcoin was hovering around $110,800, and the value of Strategy’s Bitcoin holdings had fallen to $71.1 billion. This is a 10% loss in less than a week.
Saylor & Co. Still Green
Despite the paper being a big hit, the company’s position is still in limbo. The average cost of $47.38 billion means that even after the recent sell-off, Thaler maintains more than 50% profit on paper.
But the magnitude of the fluctuations underscores a question many on Wall Street still have: How sustainable are corporate balance sheets, which are so tied to Bitcoin’s volatility?
For Saylor, that’s the point. He has repeatedly argued that Bitcoin is the world’s most resilient asset, immune to dilution and able to withstand fiat turbulence. Despite this week’s selloff being the most painful in crypto history and causing $19 billion in liquidations across the market, Saylor’s stance appears to be unchanged.
