MicroStrategy Won’t Sell Bitcoin Even in Long-Term Price Decline

TLDR

Table of Contents

MicroStrategy has two and a half years of cash to cover debt and dividends.
Saylor says Bitcoin would need to fall 90% before refinancing debt.
MicroStrategy raised $4B in 2026 and $25B in 2025 for BTC expansion.
Saylor confirms Bitcoin will be bought every quarter by the company.

Michael Saylor, Executive Chairman of MicroStrategy, has firmly dismissed any speculation around the company selling its Bitcoin holdings. Despite market volatility and a decline in MicroStrategy’s stock value, Saylor reaffirmed the company’s commitment to its long-term Bitcoin strategy.

Saylor Rejects Selling Strategy Amid Market Volatility

Michael Saylor has once again affirmed that MicroStrategy has no plans to sell its Bitcoin holdings. Addressing concerns around a potential liquidation, he stated, “That’s an unfounded concern.” He emphasized the company’s stable financial position and long-term strategy centered around Bitcoin accumulation.

Michael Saylor downplays Strategy credit risk as bitcoin tumbles: 'We'll refinance the debt' https://t.co/jLGgY5TqNW
— CNBC (@CNBC) February 10, 2026

MicroStrategy has built its business model to operate as a leveraged exposure to Bitcoin. Saylor noted that while volatility may affect the company’s stock, the core Bitcoin strategy remains unchanged. “We’ve got 50 years’ worth of dividends in Bitcoin,” he said, highlighting the firm’s substantial holdings.

Debt Management and Cash Reserves Strengthen Holding Position

In response to hypothetical scenarios involving a sharp and prolonged Bitcoin price drop, Saylor made it clear that the company is prepared. “If Bitcoin falls 90% for the next four years, we’ll refinance the debt,” he stated. He pointed out that Bitcoin would have to fall from current levels around $68,000 to below $8,000 for such measures to be needed.

The company also holds enough cash reserves to maintain operations and debt obligations without needing to sell Bitcoin. “We have two and a half years of dividend coverage and debt coverage in cash,” Saylor added. He also confirmed that MicroStrategy has raised $4 billion in 2026 and $25 billion in the previous year.

Bitcoin Buying Strategy Remains Consistent

Saylor emphasized that MicroStrategy intends to continue buying Bitcoin regularly. When asked if the company would still purchase Bitcoin during a prolonged downturn, he answered affirmatively. “I expect we’ll be buying Bitcoin every quarter forever,” he said.

He explained that MicroStrategy’s purpose is to function as a Bitcoin-aligned company. The firm is structured to gain amplified returns during Bitcoin price surges and manage risk during declines. According to Saylor, “The company’s engineered to be amplified Bitcoin. When Bitcoin goes up, we go up faster.”

Bitcoin Seen as Long-Term Global Asset

Despite the crypto market’s known fluctuations, Saylor framed volatility as part of Bitcoin’s nature and value. He described Bitcoin as “digital capital” and noted its performance over traditional assets. “It’s got two to four times the performance this decade of traditional capital,” he stated.

He also compared Bitcoin’s volatility with that of gold and equities, noting that Bitcoin typically experiences two to four times more movement. Still, he believes this level of volatility aligns with its value as a global asset. “It’s the most useful global capital asset in the world,” he said.

Saylor concluded that MicroStrategy’s exposure to Bitcoin is well managed and that the firm does not face any meaningful credit risk. He stressed the importance of investor perspective, saying that understanding the company requires a long-term view of Bitcoin’s future.