KEY POINT:- Conviction without preparationis just gambling / the secret isn't about looking smart at thetop, it's about surviving the bottom.

Yes, I lost $4B on Bitcoin — but I didn’t sell.....

In 2022, when Bitcoin crashed, the headlines were everywhere:
“Michael Saylor is about to get liquidated.”

People thought it was over for me. They said MicroStrategy had taken on too much risk. They looked at the charts and counted my losses — more than $4 billion on paper.

And you know what? They weren’t wrong about the numbers. But here’s the part they didn’t understand…

I wasn’t scared. Because I had already planned for this storm. I knew Bitcoin would be volatile, I knew critics would circle, but I also knew one thing: conviction without preparation is just gambling.

So I told the world:

“MicroStrategy has a $205 million term loan and needs to maintain $410 million as collateral. We have 115,109 BTC that we can pledge. If the price of BTC falls below $3,562, we could post some other collateral. We anticipated volatility and structured our balance sheet so we can continue to HODL through adversity.”

That wasn’t me panicking. That was me reminding everyone why I was here.

Because the secret isn’t about looking smart at the top.
It’s about surviving the bottom.

I didn’t panic. I didn’t sell. I held.
And I still do.

— Michael Saylor

$BTC | $XRP | $GUN