I lost 4 billion dollars on Bitcoin — but I didn’t sell.....
In 2022, when Bitcoin collapsed, the headlines were everywhere:
“Michael Saylor #MichaelSaylor is about to be liquidated.”
People thought it was over for me.
They said MicroStrategy #MicroStrategy" had taken a huge risk. They looked at the charts and calculated my losses — over 4 billion dollars 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 planned for this storm. I knew Bitcoin would be volatile, I knew the critics would gather, but I also knew one thing: conviction without preparation is just gambling.
So I told the world:
“MicroStrategy has a $205 million loan and needs to maintain $410 million as collateral. We have 115,109 Bitcoins we can pledge. If the price of Bitcoin drops below $3,562, we can provide some other collateral. We anticipated the volatility and structured our budget so we could continue to hold the asset in the face of adversity.”
That wasn’t a panic from me. It was a reminder to everyone why I was here.
Because the secret is not in looking smart at the top.
It’s about surviving at the bottom.
I didn’t panic. I didn’t sell. I held on.
And I still do.
— Michael Saylor #MichaelSaylor
$BTC 130k $