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Michael Saylor reflected on events from October 2022, noting that when he gave a speech during that month, Bitcoin was trading near $20,000, and Strategy held 130,000 BTC valued at about $2.6 billion. He added that MSTR shares were approximately $24 on a split-adjusted basis at the time.
Saylor stated that in the weeks following, after Bitcoin’s price fell below $16,000, Strategy’s debt exceeded the combined value of its BTC holdings and cash reserves by approximately $300 million.
Saylor has recently commented on capital shifts in digital assets, noting about $400 billion in funding flowing into AI and $4 billion in Bitcoin ETF outflows since May. He has also described how the Bitcoin community is influenced by four prevailing ideologies and the importance of their collaboration for the cryptocurrency’s growth, according to his recent remarks. These observations come as Saylor continues to reflect on key market events.