Michael Saylor Vows Firm Stance Amid Bitcoin Sell-off and MSCI Threat
Michael Saylor, executive chairman and co-founder of Strategy, affirmed on X that “we won’t back down” amid the crypto market’s largest 2025 liquidation. A sell-off triggered by President Trump’s October 10 announcement of 100% tariffs on Chinese imports wiped out over $1 trillion in market capitalization. Bitcoin plunged more than 30% from an all-time high of $126,000 to trade near $86,970, while other altcoins faced forced liquidations.
Strategy holds 649,870 BTC—about 3% of total supply—and combines a $500 million software business with a unique Bitcoin treasury strategy. MSCI’s proposed rule changes could reclassify Strategy as a “digital asset treasury,” excluding it from major equity indices. JPMorgan analysts warn that removal could trigger $3 billion in passive outflows, rising to $8.8 billion if other index providers follow.
Saylor insists Strategy is a publicly traded operating company, not a fund or trust, and rejects MSCI’s index definitions. His statement aims to reassure institutional investors and stabilize market sentiment, underscoring a long-term commitment to Bitcoin and a broader crypto treasury model.
Neutral
Michael Saylor’s public vow provides reassurance to institutional investors and highlights Strategy’s long-term Bitcoin commitment. Past episodes—such as his 2020 accumulation during market dips—show that executive statements alone rarely trigger immediate price rebounds but reinforce confidence in Bitcoin-centric companies. The current sell-off, driven by trade-war volatility and leveraged liquidations, may continue independently of this message. MSCI’s potential reclassification poses real risks, with analysts forecasting billions in passive outflows if Strategy is removed from key indices. However, Strategy’s robust treasury model and software revenue offer a buffer against sudden shocks. In the short term, traders should expect ongoing volatility and possible further corrections. Over the long term, reiteration of Bitcoin as productive capital by a major corporate holder could support gradual market recovery. Overall, the news is unlikely to shift the broader market trend, warranting a neutral outlook.