Michael Saylor, executive chairman of Strategy, has called for Bitcoin supporters to work together so Bitcoin can reach its full potential.
Saylor made these comments as Bitcoin dropped to about $61,000, which also led to large unrealized losses and a fall in MSTR stock. He said Bitcoin has become a global financial network used by individuals, companies, banks, and even governments.
Saylor divided the Bitcoin community into four groups: maximalists, capitalists, technologists, and fundamentalists. He said each group has different ideas about Bitcoin, but they all believe in it.
He praised maximalists for strong belief in Bitcoin, capitalists for pushing adoption, technologists for improving the system, and fundamentalists for protecting Bitcoin’s original values. He also warned that each group has risks if they go too far in their thinking.
In the end, Saylor said Bitcoin will grow best if all these groups work together, focusing on progress, innovation, and protecting its core principles.
Strategy Faces $11B Paper Loss as Bitcoin Slides to $60K
Strategy now owns 843,706 BTC, bought at an average price of about $75,699 each, costing around $63.87 billion in total. With Bitcoin now trading near $60,000, the company is sitting on losses of over $11 billion.
Grayscale says Strategy could slow down its Bitcoin buying or even sell more BTC, especially after both MSTR and STRC shares dropped sharply. This follows a recent sale of 32 BTC by the company.
MSTR stock has fallen more than 20% to about $125. STRC preferred shares have also dropped below their $100 value to around $95.42, which could make it harder for Strategy to raise money to buy more Bitcoin.
Bitcoin itself is down about 3% in the last 24 hours, trading near $61,955. It moved between $61,112 and $64,427 during the day, while trading volume dropped 23% as investors wait for U.S. jobs data.
