Yes, I lost $4B on Bitcoin — but I never sold.
Back in 2022, when Bitcoin crashed, the headlines were loud:
“Michael Saylor is about to get liquidated.”
Critics said MicroStrategy was finished. They looked at the charts and counted my paper losses — more than $4 billion.
And you know what? They weren’t wrong about the numbers. But here’s what they didn’t understand: I wasn’t afraid.
Why? Because I had already prepared for this storm. I knew Bitcoin would be volatile. I knew the critics would circle. But conviction without preparation is just gambling — and I don’t gamble.
So I reminded the world:
“MicroStrategy has a $205M loan secured by Bitcoin, and we need $410M as collateral. With 115,109 BTC on hand, even if Bitcoin dropped to $3,562, we could post additional collateral. We anticipated volatility and structured our balance sheet to survive it.”