MicroStrategy

Michael Saylor’s company has seen big losses as Bitcoin falls below $90,000, leaving around 40% of its holdings unprofitable. Recent purchases above current market prices have added nearly $100 million in unrealised losses, putting pressure on the company’s stock and strategy.

Peter Schiff criticised Michael Saylor and Strategy, calling their Bitcoin-focused business model a “fraud” and challenging Saylor to a debate. The attack comes as Bitcoin fell below $99,000 and Strategy’s stock dropped over 50% since July, while gold remains strong above $4,000 an ounce.

Bitcoin fell back to its end-2024 price as traders pulled away from risky assets and ETF outflows picked up. The drop followed fading excitement over the Trump administration’s crypto stance and rising fears across global markets.

Strategy reported a $10 billion profit in Q2, driven by Bitcoin gains and new fair value accounting rules. It raised over $10.5 billion through stock sales and used most of it to buy more Bitcoin, pushing its holdings above 628,000 BTC.

Over half of the public companies that added Bitcoin to their balance sheets in 2025 have seen their share prices fall by more than 50%. The drop follows a sharp decline in Bitcoin’s value, exposing firms to heavy losses and sparking concerns over the risks of using crypto as a treasury asset.

Bitcoin’s price jumped above $84,000, and signs suggest Strategy may have resumed buying after a brief pause. The company now holds nearly 3% of all Bitcoin, and its investment is up around 24% despite recent market volatility.

GameStop announced plans to buy Bitcoin as part of a strategy to improve its finances, following in the footsteps of companies like Strategy. Despite facing declining sales, GameStop hopes the Bitcoin investment will boost its stock and long-term financial health.

Michael Saylor hinted at another Bitcoin purchase after Strategy raised $711 million through a stock sale. The company now holds nearly 500,000 BTC, reinforcing its position as the largest corporate Bitcoin holder.

Michael Saylor proposed a Bitcoin reserve strategy to help reduce the U.S. national debt, suggesting the government acquire 20% of Bitcoin’s total supply. His plan includes regulatory changes to encourage digital asset innovation and reduce compliance costs for issuers.

Michael Saylor's company, Strategy, is preparing for another major Bitcoin purchase, continuing its aggressive accumulation strategy. The firm holds over 471,000 Bitcoin, worth $45 billion, and has raised billions through stock offerings to finance its acquisitions.