Strategy Will Buy Bitcoin 'Forever', Says Michael Saylor—Even With $5 Billion Paper Loss

Core Viewpoint - The firm, led by Michael Saylor, remains committed to purchasing Bitcoin indefinitely, despite current paper losses exceeding $5 billion on its investments in the cryptocurrency [1][2]. Group 1: Bitcoin Purchases and Holdings - The firm has recently invested an additional $90 million in Bitcoin, increasing its total holdings to 714,644 BTC, valued at approximately $49 billion [1]. - The current value of the Bitcoin holdings is around $5.1 billion less than the total amount paid for them, with Bitcoin trading at approximately $68,829 [1]. Group 2: Debt Management and Financial Strategy - The firm has 2.5 years of debt and dividend payment coverage in cash reserves, alleviating concerns about potential asset liquidation to service debt [3]. - A new $1.44 billion USD Reserve was established to support dividend payments without liquidating Bitcoin holdings, and this reserve has been bolstered through common stock issuance [3]. Group 3: Market Predictions and Stock Performance - Market predictors estimate a 28% chance that the firm may sell Bitcoin before the end of 2026, although this probability has decreased by 7% recently as Bitcoin prices have rebounded [3]. - The firm's shares (MSTR) have declined approximately 2.7% in recent trading and are down nearly 66% over the past six months, currently trading around $134.58 [4].