Michael Saylor reviews the Bitcoin strategy, noting that Strategy's asset reserves exceed its debt by approximately $48 billion.

According to Mars Finance, Michael Saylor wrote an article reviewing Strategy's Bitcoin strategy, stating that when he gave a speech in October 2022, Bitcoin was priced at approximately $20,000, and Strategy held 130,000 BTC, worth about $2.6 billion. MSTR stock (adjusted for stock split) was priced at around $24. Weeks later, Bitcoin fell below $16,000, and the company's debt at one point exceeded the total value of its BTC and cash reserves by approximately $300 million. MSTR's stock price also fell to around $13 by the end of 2022. Strategy subsequently persisted with its Bitcoin strategy, strengthening its operations and continuously raising funds to invest in BTC. Since 2022, the company has raised over $60 billion in new capital, which has been used to purchase Bitcoin, adding over 716,000 BTC to its holdings. Currently, Strategy's BTC and dollar reserves are worth approximately $48 billion more than its debt, and it will continue to adhere to a long-term strategy.