Bitcoin In Free Fall: Michael Saylor's Enigmatic Tweet

In light of the recent plunge of bitcoin below the $75,000 mark, Michael Saylor, head of strategy at MicroStrategy, needed just one word to reaffirm his stance: “HODL.” This iconic term from the crypto community perfectly summarizes the philosophy of the businessman.

Saylor’s Tweet at the Heart of a Floundering Bitcoin

Michael Saylor, an iconic figure in the crypto world and president of strategy at MicroStrategy, drew attention on Wednesday with a tweet of disarming simplicity: “HODL.”

This term, which has become a mantra in the crypto community, emerged as bitcoin recorded a drop of over 5% in 24 hours, falling below the symbolic threshold of $75,000.

This intervention comes in a particularly tense context for the cryptocurrency market. Macroeconomic headwinds persist, dragging the entire sector into a red zone.

The timing of this message is especially significant as MicroStrategy faces considerable financial pressures. The company currently holds 582,185 bitcoins valued at approximately $40.3 billion.

Even more concerning, the 275,965 BTC acquired after Donald Trump’s election at an average of $93,228 are now significantly devalued, exposing the company to a potential loss of $4.6 billion.

Despite this situation, Saylor publicly maintains his bullish stance with the stoicism that characterizes him, staying true to his reputation as a “maximalist” Bitcoin.

Financial Obligations That Could Force a Sale

A recent filing with the SEC, however, reveals a more nuanced reality. Strategy may be forced to sell part or all of its bitcoins to meet financial obligations in the event of a prolonged market downturn.

“Such a sale would probably occur at unfavorable prices, ” the document specifies. This statement sharply contrasts with the image of the unshakeable investor cultivated by Saylor, who recently stated on CNBC that “bitcoin is the safe haven in the face of monetary collapse“.

The company has already recorded a latent loss of $5.91 billion on its holdings in the first quarter of 2025 and suspended its bitcoin purchases in April.

This pause in the acquisition strategy could negatively influence institutional sentiment towards bitcoin, especially as MicroStrategy’s stock has dropped by 11% in the last 24 hours.

In this uncertain context, Saylor’s “HODL” might be hiding a more complex and pragmatic reality than his public discourse suggests. On April 1st, he was still encouraging investors: “Don’t be fooled, buy bitcoins”, just after a massive purchase which remains his last acquisition to date.