PANews, June 20 – Strategy Executive Chairman Michael Saylor recently published a post reviewing the company’s long-term Bitcoin strategic development journey, revisiting the extreme pressure phase during the 2022 bear market and the subsequent results of increasing positions.

Saylor explained that when he delivered a Bitcoin-related speech in October 2022, the BTC price was around $20,000, and Strategy held 130,000 bitcoins with a corresponding market value of approximately $2.6 billion. After adjusting for the stock split, the MSTR share price was about $24. However, within just a few weeks, the market took a sharp downturn, with Bitcoin falling to a low of $16,000. The company’s debt scale once exceeded the total value of its Bitcoin and cash reserves by $300 million, and the MSTR share price dropped to around $13 by year-end, placing immense pressure on the company’s balance sheet.

Even under the impact of a deep bear market, Strategy did not adjust its core Bitcoin strategy, continuing to optimize operations and raise funds through multiple channels to accumulate more Bitcoin. Since 2022, the company has completed over $60 billion in new capital raising, all used to purchase Bitcoin, adding a cumulative total of 716,000 BTC to its holdings.

Currently, the total value of the company’s Bitcoin and cash reserves exceeds its overall debt by approximately $48 billion, marking a significant improvement in its financial position. Saylor emphasized that the company will continue to adhere to its long-term Bitcoin holding strategy going forward.