Michael Saylor & Strategy: The major test of Bitcoin strategy at an organizational scale

Strategy Inc. (formerly MicroStrategy) currently holds 713,502 BTC – the largest Bitcoin portfolio in the world among publicly traded companies.

• Total investment capital: ~54.26 billion USD

• Average purchase price: ~76,052 USD/$BTC BTC

When Bitcoin fell below 71,000 USD, Strategy recorded an unrealized loss estimated at ~11.8 billion $USDC USDT at market prices.

Notable points:

• This is not a realized loss, but a temporary accounting loss (unrealized loss).

• At the peak of the 2025 cycle, when BTC surpassed the 125,000 USD range, this portfolio had previously achieved an unrealized profit of over 30 billion USD.

• Strategy did not sell, even continuing to buy more BTC during pullbacks, reflecting a long-term hold perspective as a strategic treasury asset.

📌 Strategic perspective

Strategy has transformed from a software company to a “Bitcoin-first balance sheet” model. This:

• Amplifies profits when the market is favorable

• But also makes MSTR stock and the financial structure extremely sensitive to BTC fluctuations

👉 This is no longer a true or false story about Bitcoin, but rather:

A historical experiment in incorporating digital assets into the balance sheet on a scale of tens of billions of USD.

The market is watching to see:

• Whether Saylor's long-term belief will be validated

• Or whether capital costs and volatility will become a strategic pressure

#Bitcoin #MichaelSaylor #Strategy #CorporateTreasury #DigitalAssets #DCEX_NETWORK $ETH