Michael Saylor, the outspoken Bitcoin (BTC) advocate and Strategy (previously MicroStrategy) co-founder, said on Tuesday that the company remains firmly committed to its long\u2011standing Bitcoin strategy, despite growing concerns about its financial risks.<\/p>\n
Speaking in an interview <\/a>with CNBC, Saylor said Strategy plans to continue buying Bitcoin on a regular basis, regardless of price swings or skepticism from market observers.\u00a0<\/p>\n He said the company intends to add to its Bitcoin holdings every quarter and has no plans to reverse course. \u201cI expect we\u2019ll be buying bitcoin every quarter forever,\u201d Saylor said.<\/p>\n Addressing concerns about the company\u2019s debt load, Saylor was dismissive of the idea that a prolonged Bitcoin downturn<\/a> could threaten Strategy\u2019s finances.\u00a0<\/p>\n He said that even in a severe scenario, the company would manage its obligations through refinancing. \u201cIf Bitcoin falls 90% for the next four years, we\u2019ll refinance the debt,\u201d he said. \u201cWe\u2019ll just roll it forward.\u201d<\/p>\n Strategy currently carries more than $8 billion in total debt, much of it tied to convertible notes the company issued to fund Bitcoin purchases. Despite this leverage, Saylor said he believes lenders will continue to support the company even if Bitcoin prices decline sharply.\u00a0<\/p>\n Asked whether banks would still be willing to lend under those circumstances, he replied that Bitcoin\u2019s inherent volatility <\/a>does not undermine its long\u2011term value. \u201cYeah,\u201d he said, \u201cbecause the volatility of Bitcoin is such that it\u2019s always going to be a value.\u201d<\/p>\n Saylor also rejected any suggestion that Strategy might be forced to sell its Bitcoin holdings to shore up its balance sheet. He emphasized that liquidation is not part of the company\u2019s plan and reiterated his belief in Bitcoin as a long\u2011term asset.<\/p>\n Market sentiment around Strategy, however, has grown more cautious. Short interest in the company\u2019s stock has risen sharply, increasing about 40% from a low point in September 2025, according to an analysis published <\/a>by Barron\u2019s.\u00a0<\/p>\n Roughly 30.5 million shares are now sold short, representing about 10% of the company\u2019s public float. At the same time, long\u2011term investors have pulled back, with Strategy\u2019s shares, MSTR, falling around 70% to current trading prices of $134.\u00a0<\/p>\n Despite the pressure on its stock, Strategy remains the largest corporate holder of Bitcoin. According to figures published on the company\u2019s website, it holds 714,644 BTC, valued at approximately $49 billion at the time of writing.\u00a0<\/p>\nShort Sellers Increase Bets\u00a0<\/h2>\n