Michael Saylor Reaffirms Bitcoin Support Amid $200 Billion Crypto Liquidation

2025-10-13 00:16

Michael Saylor, CEO of MicroStrategy, has reiterated his support for Bitcoin despite a massive $200 billion liquidation in the cryptocurrency market over 36 hours. During this period, SUI and XRP experienced significant declines, dropping 80% and 53% respectively from their recent highs. MicroStrategy, which holds 640,031 BTC valued at $71.71 billion, has faced a $6.4 billion paper loss as Bitcoin's price decreased from $122,000 to $112,000. Despite these setbacks, Saylor maintains $24.35 billion in unrealized gains and encouraged his followers to remain optimistic about Bitcoin's future.

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