Michael Saylor’s message was short and unmistakable: “Go Bitcoin today — the money won’t fix itself.” The MicroStrategy CEO has long framed Bitcoin as an intentional hedge against fiat’s gradual decline, and his company’s recent activity shows that the rhetoric is being matched by continued accumulation. Big position, big conviction MicroStrategy now holds 714,644 BTC, at an average purchase price of $76,056 per coin. Recent SEC filings show the company added another 1,142 BTC this month at roughly $78,815 each — a buy of about $90 million. Those purchases continued even as Bitcoin traded near $68,000, leaving MicroStrategy with an estimated unrealized loss approaching $6 billion at current prices. The reported book value of its holdings stands above $54 billion after nearly six years of steady accumulation. Market concentration and corporate ownership Public companies collectively hold around 1.13 million BTC, and MicroStrategy accounts for almost two-thirds of that total. Roughly 200 public firms report some Bitcoin exposure, but most of the January buying was concentrated in a very small group — with MicroStrategy dominating corporate additions and reportedly representing more than 90% of net new corporate Bitcoin purchases that month. A long-range plan, and a simple playbook MicroStrategy has formalized the strategy. Its Q4 2025 filings outline a seven-year roadmap targeting higher Bitcoin-per-share metrics by 2032 under various yield scenarios. The firm’s playbook is straightforward: buy the dips and don’t sell. That repeated mantra — “buy Bitcoin and do not sell” — has become central to how the company presents its corporate strategy. Praise, criticism, and systemic risk Supporters say the approach demonstrates conviction and could encourage other institutional buyers, arguing that patient ownership can protect against long-term currency erosion and that paper losses are temporary if the thesis holds. Critics counter that the heavy concentration of corporate Bitcoin in one company creates liquidity and governance risks. If MicroStrategy were to change course suddenly, market prices could move sharply; that fragility is often overlooked when the emphasis is only on conviction. Questions have also been raised about balance-sheet risk and whether a corporate profile dominated by a volatile asset aligns with traditional shareholder expectations for stable returns. What this means for the market MicroStrategy’s behavior underscores two competing narratives in crypto markets: one that views corporate accumulation as a stabilizing commitment to Bitcoin’s long-term value, and another that warns the concentration of corporate holdings could amplify volatility and risk. Either way, Saylor’s public call to “Go Bitcoin” is more than a slogan — it’s the same strategy the company continues to execute on the balance sheet. — End — Read more AI-generated news on: undefined/news

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