As Digital Asset Treasury (DAT) stocks plummet below net asset values and competitors liquidate holdings, MicroStrategy Chairman Michael Saylor struck a defiant tone in a recent media interview.
He framed market volatility as an opportunity rather than a crisis.
“Volatility is Vitality”: Saylor Dismisses Liquidation Fears
Despite MSTR shares falling 41% year-to-date, Saylor emphasized the company’s strong position with approximately $6.1 billion in unrealized profits on its 649,870 Bitcoin holdings. In the Coindesk interview on YouTube, he dismissed concerns about current market turbulence. He called volatility “vitality” and described it as “Satoshi’s gift to the faithful.” He believes it enables skilled investors to outperform traditional finance.
“If Bitcoin wasn’t volatile, it probably wouldn’t be high performance,” Saylor argued, comparing the challenge to harnessing energy: “There are those people that run from the fires and then there’s people that put the fire in the automobile or the jet airplane.”
Addressing investor concerns, Saylor insisted that both Bitcoin and MSTR equity holders must maintain a minimum four-year investment horizon, with 10 years the “right time frame.”He firmly rejected liquidation fears. He noted that MicroStrategy’s dividend obligations represent merely “one of one basis point” of daily Bitcoin trading volume. He called this essentially “a rounding error.”
Saylor also dismissed warnings about potential exclusion from major indices like MSCI or NASDAQ 100 as “alarmist.” He argued that such decisions are ultimately irrelevant. “The free market is going to allocate capital and it will adjust.”
The timing of Saylor’s comments is notable as major DAT competitors face mounting pressure. While firms like FG Nexus and BitMine struggle with billions in unrealized losses and forced asset sales, MicroStrategy continues its aggressive accumulation strategy, having purchased $830 million worth of Bitcoin just this week.
“We have capital for the next 70 years,” Saylor assured, even with zero Bitcoin appreciation. He characterized the current turmoil as “noise” that “will eventually pass,” maintaining his conviction even as other DAT companies scramble to manage losses and reassure investors.
