MicroStrategy Navigates Turbulence: From a $1.5 Billion Loss to Determined to Hold

Nothing is more terrifying than seeing a large ship suddenly encounter a storm in the ocean. MicroStrategy – the biggest Bitcoin “whale” in the market – is currently sailing into deep waters as BTC prices decline, causing their portfolio to plunge into losses of up to $1.5 billion. This is the first time after a strong growth cycle that the company has recorded a significant paper loss. The big question everyone is asking is: is Michael Saylor and his team scared and starting to sell off?

Why Is MicroStrategy Swimming in Big Losses Right Now?

Bitcoin’s price has just experienced a significant correction, pushing the price below the average cost basis at which MicroStrategy invested. An important detail is: the company aggressively accumulated during January and early February 2026, at precise levels of $95,284, $90,061, and $87,974. These buy orders at high levels raised their average cost basis to $76,052 – a figure now above BTC’s current price. This is the main reason they are temporarily in the red.

The reality of this event is: MicroStrategy is not caught in a skill gap trap, but rather intentionally bought heavily when prices were high. This indicates a long-term investor, not someone trying to cut losses or panic sell.

500+ Days of Resilience: History Shows They Don’t Panic Sell

If you’re worried that MicroStrategy might be forced to exit the market or cut losses under pressure, look back at the dark days of 2022-2023. During that crypto winter, their Bitcoin holdings were deep in the red continuously. The longest period they endured losses was over 500 consecutive days. Despite pressure from shareholders and criticism from the media, the company maintained its resolve and did not sell any BTC.

This proves one thing: fear is not the controlling factor for Michael Saylor. He has a long-term vision spanning decades, not swayed by short-term market waves.

On-Chain Data Reveals: Only One Sale Ever

On-chain data throughout MicroStrategy’s holding history shows that: the company has only sold BTC once in its entire journey. This event occurred on December 22, 2022, when they sold 704 BTC at a bottom price of $16,776.

But the story doesn’t end there. Just two days later, they immediately re-entered and bought 810 BTC at $16,845. This move was not an exit or a loss-cutting action – it was a carefully executed tax optimization strategy. In fact, they bought back more than they sold, which is unusual for fearful investors.

Active Strategy in Early 2026

Instead of retreating, MicroStrategy demonstrated complete opposite determination. Records clearly show that in January and early February 2026, the company continued accumulating at high prices. This is a bold move, because any waterlogged investor would ask: why keep buying more?

The simple answer: Michael Saylor believes prices will continue to rise long-term. He doesn’t see the current situation as a “why buy,” but rather as “buying cheap now compared to the future.”

Is Michael Saylor Really Afraid?

Based on historical data and strategic decisions, the answer is almost certainly: no. MicroStrategy is not a company driven by herd fear. Michael Saylor has tested his “hold strong” strategy through over 500 days of losses, and he survived. The likelihood of them panic selling now is almost zero.

For Michael Saylor, the current volatility is just a short-term fluctuation within his long-term, multi-decade vision. He is riding the waves toward a distant shore — where he believes Bitcoin will be the foundation of the global financial future.

This article is for informational purposes only and does not constitute financial advice. Please conduct thorough research and consider carefully before making any financial decisions.