Michael Saylor has taken advantage of the turbulent Bitcoin market to make one of the most defining corporate moves of the cycle. In a recent interview with CNBC, the strategic executive said that the company plans to purchase Bitcoin on a quarterly basis, no matter what the short-term price is.
According to Thaler, Bitcoin is like a digital capital built for higher volatility and higher long-term returns than gold, stocks, or real estate. For people like Thaler, who allocate capital over several years, the recent selloff changes nothing. That is why concerns about forced sales are invalid. Even if it’s 90% or $8,000. $BTC.
“I don’t think it will be zero.”
Michael Saylor did not hedge, soften, or change his position on Bitcoin during his appearance on CNBC. But he made it official again, confirming that the company Strategy, formerly known as MicroStrategy, will be buying Bitcoin on a quarterly basis and will continue to do so indefinitely.
Speaking live on Squawk Box, Saylor described Bitcoin as a digital capital designed to move harder and perform over longer periods of time. That’s why he sees Bitcoin’s volatility not as a flaw, but as a property that allows it to outperform gold, stocks, and real estate over the long term.
digital capital $BTC Outperform traditional capital. Digital credits $STRC outperform traditional credits. Amplified Bitcoin $MSTR outperforms Bitcoin. pic.twitter.com/Qx2RcSlF4a
— Michael Saylor (@saylor) February 10, 2026
Saylor said he is not worried that a prolonged slump could lead to liquidation, even though the cryptocurrency’s price is down about 50% from its October high. For strategy chairs, it’s a 90% drawdown, or, say, $8,000 per deal. $BTCis not a condition to sell anything of the company’s insane 714,644 $BTC cache.
He said the strategy has multi-year cash protection and decades of Bitcoin-related value compared to dividend obligations, and that despite all the disruption in late 2025 and early 2026, refinancing remains a good idea and forced sales will only become an issue when the time is right. His financial reports show the company’s leverage is well below typical investment-grade standards.
