#BitcoinPriceWatch

The founder of the most well-known company accumulating Bitcoin stated the reliability of their purchasing strategy. Competitors in the industry may have different circumstances.
The founder of the world's largest corporate Bitcoin holder, Strategy, Michael Saylor, stated that he is not worried about the drop in prices and that the organization "can withstand a decline of 80-90%." Saylor discussed this in an interview with Fox Business.
"Bitcoin is stronger than ever... The company is built to withstand a drop of 80–90% and continue operating. So I think we are virtually invulnerable. Our leverage is at 10–15% and is currently approaching zero, which is extremely reliable," said Saylor.
Saylor's words about the reliability of their strategy came against the backdrop of the price of Bitcoin falling from a peak of $126.2 thousand in early October to $92 thousand on November 19, as well as against the backdrop of the decline in MSTR stock prices, which fell 55% from their peak in July to $206.
In addition to this, the price premium of MSTR to the company's Bitcoin holdings has fallen to a minimum since the beginning of 2024, dropping below a ratio of 1. The premium refers to the mNAV metric, which assesses the company's capitalization relative to the value of its reserves in Bitcoin or other assets.
In 2024, MSTR shares increased in price by nearly 700%, significantly higher than Bitcoin's performance — about 150% from the beginning to the peak of 2024. This dynamic allowed Strategy to raise the mNAV from 1 at the beginning to 3.9 at the end of last year, meaning the share prices grew much faster than the price of the reserve asset (bitcoin). In 2025, starting in May, Strategy's mNAV falls almost without corrections, according to Bitcointreasuries.
As a strong point of Bitcoin in the current market, Saylor noted the decreasing volatility with the arrival of institutional investors. In 2020, when Strategy began purchasing it, the annual volatility was around 80%. Now, according to his estimates, it has dropped to 50% and will continue to decline to a level approximately one and a half times higher than that of the S&P 500 index. At the same time, the expected return, he said, will also exceed the similar figure of the S&P 500 by one and a half times.
The investment strategy in Bitcoin by Strategy attracted enormous interest in 2025, when hundreds of companies followed its example, but unlike them, many organizations do not have a sustainable business model. As noted by analysts from the British bank Standard Chartered, most companies actually have no source of income other than attracting borrowed funds.
Back in September, analysts believed that as a possible scenario, market leaders could use the current low valuations to acquire weaker competitors while continuing to aggressively accumulate cryptocurrencies.

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