Faced with the recent Bitcoin tumble under the $ 75,000 mark, Michael Saylor, president of the microstrategy strategy, only needed a word to reaffirm his position: “Hodl”. This emblematic term of the crypto community perfectly sums up the philosophy of the businessman.
Saylor's tweet in the heart of a drift bitcoin
Michael Saylor, an emblematic figure of the crypto world and president of the strategy at Microstrategy, was talked about Wednesday with a tweet of disarming simplicity: “Hodl”.
This term, which became a mantra in the crypto community, appeared while Bitcoin recorded a fall of more than 5 % in 24 hours, passing under the symbolic bar of the $ 75,000.
This intervention intervenes in a particularly tense context for the cryptocurrency market. The macroeconomic opposites persist, causing the entire sector in a red zone.
The timing of this message is all the more significant since Microstrategy faces considerable financial pressures. The company currently has 582,185 bitcoins of approximate value of $ 40.3 billion.
Even more worrying, the 275,965 BTC acquired after the election of Donald Trump at 93,228 dollars on average are now considerably devalued, exposing the company to a potential loss of 4.6 billion.
Despite this situation, Saylor publicly maintains his upward position with the stoicism that characterizes him, faithful to his reputation as a “maximalist” Bitcoin.
Financial obligations that may force the sale
A recent deposit with the SEC nevertheless reveals a more nuanced reality. Strategy could be forced to sell part or all of its bitcoins to honor its financial obligations in the event of prolonged market down.
“” Such a sale would probably be made at unfavorable prices “, Specifies the document. This declaration contrasts strongly with the image of an unshakable investor cultivated by Saylor, who recently affirmed on CNBC that “ Bitcoin is the emergency exit to the monetary collapse ».
The company has already recorded a latent loss of $ 5.91 billion on its reserves in the first quarter of 2025, and suspended its Bitcoin purchases in April.
This break in the acquisition strategy could negatively influence the institutional feeling towards bitcoin, especially since the title Microstrategy has dropped by 11 % in the past 24 hours.
In this uncertain context, Saylor's “Hodl” could well hide a more complex and pragmatic reality than his public discourse suggests. On April 1, he nevertheless encouraged investors: “Do not be fooled, buy bitcoins”, just after a massive purchase which remains its last acquisition to date.
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