An interesting interview was published on CNBC with the head of Strategy. Saylor literally addresses investors’ concerns that the company will have to dump Bitcoin if the price falls. His answer is direct: it’s complete nonsense—and here’s why.

The company’s leverage ratio is two times lower than that of a typical investment firm. The balance sheet has cash reserves for two and a half years, plus Bitcoin with dividend streams for fifty years. No credit risk. Simple math—there’s nothing to sell and no need to sell. On the contrary, the plan is to buy Bitcoin every quarter, endlessly. Last week, they added 1142 BTC for about 90 million, at a price of roughly 78 815 per coin.

Right now, the company’s holding stands at more than 714 thousand Bitcoins, bought for approximately 54 billion. The average cost basis came out to about 76 thousand, and the current price hovers around 74,67 thousand. There’s a loss on paper, but Saylor really doesn’t care.

The fourth quarter brought an operating loss of 17,4 billion and a net loss of 12,6 billion—mainly due to fair value adjustments for Bitcoin. It’s just accounting that reflects the asset’s volatility. Saylor calls it a normal phenomenon: Bitcoin is 2 to 4 times more volatile than gold, stocks, or real estate, but the returns in this decade are also 2 to 4 times higher. Volatility is both a bug and a feature.

He doesn’t want to make short-term forecasts, but he’s confident that within 4 to 8 years, Bitcoin will double or triple the S&P 500’s performance. That’s the main thesis. Digital capital is going through a maturity phase, and current price levels confirm it.

The director also noted that Strategy’s digital credit structure has become one of the most actively traded credit instruments in recent times, providing cash flow higher than traditional debt products. On a major perpetual contract funding platform, funding rates have remained negative for 46 days already, despite the rise in open interest—a sign of persistent bearish sentiment.

The company’s shares fell 3% on Tuesday, accumulating a 15% drop since the start of the year and a 60% decline over the year. But if you believe Saylor, this is just noise against the backdrop of the long-term Bitcoin accumulation strategy. It’s interesting to see how the company stays the course amid such volatility.