Strategy, headed by Michael Saylor, announced that the company continues to focus on the crypto asset despite the ongoing sharp pullback in Bitcoin. Bitcoin price fell to $58,000 on Thursday, hitting the lowest level since October 2024. With this decline, the loss reached nearly 52% from last year’s all-time high of over $126,000.
Strategy does not step back as Bitcoin continues to decline
According to the data shared in the news, Bitcoin maintained the $60,000 level as support several times throughout the year. The asset, which reacted at this level in February, experienced a similar recovery in the first two weeks of June and then rose to 67 thousand dollars. However, with the last wave of sales, this threshold came under pressure again. At the time of writing, BTC had decreased by 3.95% in the last 24 hours to 59 thousand 729 dollars and by 4.16% on a weekly basis.
While Michael Saylor emphasized that volatility tests every capital structure, he stated that Strategy maintains its Bitcoin focus, disciplined capital allocation, credit quality and long-term value production.
Strategy stands out as one of the most notable companies that has been regularly adding Bitcoin to its balance sheet since 2020. Founded as a software company, Strategy is known for its corporate Bitcoin accumulation in recent years. Saylor has placed this approach of the company at the center of its corporate identity.
Balance sheet pressure and criticism are on the agenda
The deepening sales in the market caused a loss of over 13 billion dollars on paper for Strategy. However, company management maintains the view that the current volatility is not a sufficient reason to change strategy. In the company’s statements, the message that the application will be continued with transparency and determination came to the fore.
On the other hand, not everyone in the market agrees. Crypto analysis company CryptoQuant argued that Strategy should first strengthen its reserves by taking a break from Bitcoin purchases. According to the company, following a more systematic acquisition timing may be a more prudent approach than purchasing only when new capital is raised.
CryptoQuant predicts that it would be more appropriate for Strategy to rebuild its reserves first, then move to a more planned timing model for Bitcoin purchases.
The company increased reserves and continued purchasing Bitcoin
In its last step, Strategy increased its dollar reserves by 300 million dollars to 1.4 billion dollars. The company stated that this reserve will continue to be replenished to support the credit quality of digital credit securities.
In the same period, the company’s total Bitcoin assets increased to 847 thousand 363 coins, after purchasing another 520 BTC for 35 million dollars. Thus, Strategy showed that it did not completely stop its accumulation policy even in a period when prices dropped sharply.
| Indicator | Data |
|---|---|
| Bitcoin intraday low | 58 thousand dollars |
| Decline from all-time high | 52% |
| Last 24 hour performance | 3.95% decrease |
| Weekly performance | 4.16% decrease |
| Strategy dollar reserve | $1.4 billion |
| Last Bitcoin purchase | 520 BTC, $35 million |
| Total Bitcoin assets | 847 thousand 363 BTC |
Those who support it think that the current loss has not been realized and the picture may change if a new upward trend begins after Bitcoin finds the bottom. Despite this, while market pressure continues, Strategy’s debt structure, reserve management and timing of new acquisitions continue to be monitored.
