As a reminder, MicroStrategy's direct investment in Bitcoin was one of the factors behind the coin's price rise in the previous bull run back in 2020. Sailor himself is still a Bitcoin-maximalist, that is, a fan of BTC exclusively. Which means we can assume that his company's bitcoin accumulation will continue.

As of today, the company has 132,500 bitcoins worth $4.03 billion. The average value of each coin is $30,397, with the last purchase of 2,500 bitcoins at the end of December 2022.

MicroStrategy CEO Michael Saylor

It’s worth noting that another interesting event took place at the end of December: that’s when MicroStrategy sold bitcoins from its own stock for the first time. According to sources, this involved a drain of 704 BTC worth $11.8 million.

This was done to capture losses that could be used to reduce the amount of taxation. This technique is known as tax loss harvesting, and it is quite popular in the US. In this way, the taxpayer can reduce the amount payable and also get a ‘discount’ on taxes in the next taxation period.

Bitcoin investment

However, this does not mean that MicroStrategy is disappointed with its own investment. Still, immediately after fixing the losses, the company conducted another round of buying the already mentioned 2,500 BTC.

What does it take to make Bitcoin popular?

Michael applauds the US government’s efforts to develop a unified formula for regulating the market. Here is his statement from an interview published by Cointelegraph.

In the short term, the fall in the crypto market has been awful, but it is necessary for the long-term growth of the industry.

MicroStrategy’s Bitcoin Buy Tracker

According to Saylor, the cryptosphere needs guidance from long-established organisations in traditional financial markets, as well as the involvement of regulators – particularly the US Securities and Exchange Commission (SEC). Here’s his rejoinder.

What the industry needs is “grown-up” oversight. It needs its own Goldman Sachs, Morgan Stanley and BlackRock coming into the industry. It needs clear guidelines from Congress. It needs clear rules from the US Securities and Exchange Commission.


Note that there is a hidden side to this position. The SEC has repeatedly confirmed that it does not consider Bitcoin a security, which means that it will not cause problems in the popularization of cryptocurrencies. However, representatives of the agency do not have a definite position on Efirium and other well-known coins, so in theory, their developers could get a lawsuit following the example of Ripple.

Sailor himself has previously referred to all PoS projects as securities and at the same time insisted on the need to ban them. This seems not only like an attempt to fight the "competitors", but also a rejection of the ideals of decentralisation and the promotion of in-house investment, i.e. the so-called shilling. So the attitude towards Michael Saylor in the blockchain community is neat, because given his tactics he is clearly not here for decentralisation and freedom.

Saylor also responded to criticism from Charlie Munger, vice chairman of insurance and investment firm Berkshire Hathaway. He said the 99-year-old investment veteran should take the time to look into Bitcoin.

As a reminder, a few days ago, Munger published an article in which he stated that crypto is "not a currency, not a commodity and not a security". In addition, the billionaire stated the need for a complete ban on the industry by the US government.

Investor Charlie Munger

The MicroStrategy co-founder noted that there are indeed coins in the industry that could be called worthless. However, Munger should still take as much time as possible to study Bitcoin’s prospects. Sailor continues.

Charlie and the other critics are from the Western elite and are constantly being asked for their opinion on Bitcoin, while simply not having had time to study it.

If Munger had “spent a hundred hours studying” Bitcoin, “he would have been more optimistic about the cryptocurrency,” Sailor believes. Unfortunately, it’s unlikely an investor would heed such advice. In addition, his business partner Warren Buffett has already tried to change Tron founder Justin Sun’s mind, but he failed.

Note that MicroStrategy’s own investment in Bitcoin alone is not even close to ideal. Today, the company’s position is valued at $3.04 billion, which means it has an unrealised minus of $1 billion.

The funny thing is that if the company was buying ethers for the same amounts and at the same time, it would be on the plus side. According to the platform from Blockchain Center, in that case MicroStrategy’s investment would now be worth $5.8 billion, meaning the potential profit here would be $1.8 billion.

Comparing MicroStrategy’s Bitcoin investment to a potential investment in Etherium


We think Michael Saylor's stance on cryptocurrency regulation looks abhorrent. As you can understand from Michael's previous statements, he really hopes to ban other Proof-of-Stake cryptocurrencies like Etherium, Solana and Avalanche, with his assumption based on the SEC's comments that Bitcoin is not a security. That is, in this case, Saylor hardly cares about the ideals of decentralization and freedom of action, and instead tries to impose his own choice on others, and forcibly so. And this is a rather weak position.