Cryptocurrencies

Michael Saylor Hit by Market Revolt as His Bitcoin Premium Sinks

Saylor Says Bitcoin Is a Better Investment Than Gold

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By Sidhartha Shukla and David Pan

August 28, 2025 at 1:00 PM UTC

Michael Saylor’s once-celebrated Bitcoin experiment is mired in a market backlash, raising questions about the sustainability of the corporate-treasury model he pioneered.

Shares of Strategy Inc., formerly MicroStrategy, have fallen 15% this month, erasing much of the premium the firm long enjoyed over its Bitcoin holdings. The company, long a bellwether for crypto sentiment, is now drawing fresh skepticism.