Saylor Says Strategy Added More Than 716,000 BTC Since 2022 Balance Sheet Stress
Michael Saylor highlighted Strategy’s 2022 balance-sheet stress to show how much stronger the company is now. In October 2022, Bitcoin was around $20,000, Strategy held 130,000 BTC, and MSTR traded near $24 split-adjusted. After Bitcoin fell below $16,000, Saylor said Strategy’s debt briefly exceeded the value of its Bitcoin and cash by about $300 million, and MSTR dropped into the $13 range. He contrasted that period with today, saying Strategy has raised more than $60 billion since then and added over 716,000 BTC. He also said its BTC and dollar reserves now exceed debt by about $48 billion. The message is that Strategy survived the downturn, kept buying Bitcoin, and turned a period of severe stress into a much larger and more secure treasury position.
