Technique’s co-founder, Michael Saylor, has cited the market drawdown his firm confronted up to now, but the corporate didn’t promote any BTC even when its debt exceeded its reserves. This comes amid criticism of the corporate’s method to purchasing extra BTC utilizing MSTR and the popular safety STRC, regardless of present market circumstances.
Michael Saylor Factors To Bitcoin and USD Reserves Exceeding Debt
In an X put up, Saylor famous that their BTC and USD reserves exceed their debt by round $48 billion. He additionally talked about that Technique has raised over $60 billion of extra capital and invested it in BTC since 2022.
The Technique co-founder made this assertion compared to 2022, when their debt exceeded the mixed worth of their Bitcoin and money reserves by round $300 million. Saylor famous that in 2022, the BTC worth traded close to $20,000, they usually held 130,000 BTC value about $2.6 billion.
On the identical time, the MSTR inventory traded at $24, split-adjusted. In the meantime, BTC fell under $16,000, resulting in their debt exceeding their reserves and MSTR inventory crashing into the $13 vary by year-end.
Saylor’s assertion comes amid current criticisms of the corporate’s Bitcoin accumulation mannequin, with the corporate promoting MSTR and STRC shares to purchase extra BTC. The STRC inventory not too long ago fell to a document low of round $83, down double digits from its $100 par worth.
Bitcoin critic Peter Schiff floated an investor lawsuit in opposition to Technique and Saylor as STRC dropped to document lows. He additionally opined that the Technique co-founder could also be responsible of fraud, based mostly on his perception that Saylor has violated the SEC’s advertising and marketing guidelines in how he has promoted the STRC inventory.
Knowledgeable Jumps To Saylor’s Protection
In an X put up, Fox and Sky Information contributor David Gokhshtein remarked that Bitcoin isn’t sitting at its present worth due to Saylor. “A few of you’re so determined accountable one particular person for each transfer available in the market that you simply’ve fully misplaced the plot,” he mentioned.
Evaluating Michael Saylor to Do Kwon is fucking insane.
Evaluating Technique to Terra Luna is fucking insane.
Bitcoin isn’t sitting at its present worth due to Saylor.
A few of you’re so determined accountable one particular person for each transfer available in the market that you simply’ve fully misplaced…
— David Gokhshtein (@davidgokhshtein) June 20, 2026
Gokhshtein additionally described the comparability of Saylor to Do Kwon as insane, in addition to the comparability of Technique to Terra Luna. As CoinGape reported, Crypto analyst Ali Martinez drew similarities between STRC and LUNA, suggesting that the previous may crash just like the latter.
Bitcoin advocate Samson Mow has additionally jumped to Saylor’s protection amid the current criticisms. In an X put up, he described STRC as a “sensible instrument.” Mow additionally remarked that there’s nothing structurally incorrect with STRC’s design until one thinks Bitcoin gained’t recognize in the long run.
