For much of late 2025, Saylor dominated financial headlines for all the wrong reasonsFor much of late 2025, Saylor dominated financial headlines for all the wrong reasons
MSTR plummeted over the year, becoming Nasdaq's worst performer, as its m-nav edged closer to 1 and at times dipped below it
Financial 'experts' wrote about potential index exclusions, massive unrealized losses and whether Saylor had finally hit a wall
Short sellers circled, leveraged debt critics loomed and the narrative was clear
Strategy was Bitcoin's cautionary tale
Then on January 3rd, enter VenezuelaThen on January 3rd, enter Venezuela
Global markets reacted, and debates over how Trump handled the situation consumed every news cycle
All eyes were on Latin America, world leaders cautiously worded their reaction to the fallout, even I wrote about how surreal and cinematic it felt #1403443
And just like that, Strategy vanished from the spotlight
the m-nav worries? buried
the debates over whether Saylor would ever sell Bitcoin or face forced liquidation? forgotten
Geopolitical shockwaves trump paper Bitcoin every time
And in this case, it was, pun very much intended
a literal dead cat 'strategy'
Saylor must be happy Maduro has given him some much needed breathing room in the headlines
edit: also epstein files 🤣🤣
I honestly don't think Saylor is worried. He is one of the largest holders of bitcoin in existence today, he has the ability to raise money with virtually free debt, and once again, he is one of the largest holders of the best collateral that has ever existed. Furthermore, the “experts” who criticize or disapprove of his way of operating are the same ones who approved the bonds that led to the 2008 financial crisis. I think everything we are seeing is just noise. Saylor will continue to move forward and accumulate more Bitcoin. If he wasn't liquidated when BTC fell to $15,000, I don't think they will be able to liquidate him with his current level of Bitcoin holdings and the current price of the asset. Furthermore, although Bitcoin could fall in price a little more, we are at a level of institutional demand never seen before. I think the price is being manipulated and held back. It's only a matter of time before we see new highs and their Bitcoin holdings and ours continue to appreciate against fiat money. The price moves in cycles and fractally. At any moment, this pullback will end, and we will see the formation of a new upward fractal.