Strategy Executive Chairman Michael Saylor has pushed back on concerns that Wall Street’s foray into Bitcoin is affecting price action and volatility.
“I think we’re getting less volatility,” Saylor said when asked the question during the An interview with Fox Business on Tuesday.
It comes as bitcoin (BTC) fell nearly 12% in the past week to $91,616, shaving off the gains it made through 2025, according to on CoinmarketCap.
Saylor said that when he started buying Bitcoin for the strategy in 2020, the asset carried an annual volatility of almost 80%. Since then, he said, it has been trending lower to now sit around 50%.
Michael Saylor (right) spoke on Charles v Payne on Fox business on Tuesday. Source: Michael Saylor
He said that every few years, Bitcoin is likely to see another 5 points of volatility reduced as the asset matures and approaches around 1.5 times the volatility of the S&P 500 index, and “1.5 times better performing.”
The strategy’s MNAV sank amid the price crash
“Bitcoin is stronger than ever,” he stressed. The strategy holds 649,870 Bitcoins, worth $59.59 billion at the time of publication, according to on Saylortracker.
The firm’s MNAV slipped to 1.11x, down from around 1.52x when Bitcoin hit an all-time high of $125,100 on October 5.
Shares in Strategy (MSTR) often trade at a premium or discount relative to the price of Bitcoin. Along with the recent fall in Bitcoin prices, MSTR closed the trading day on Tuesday at $206.80, down 11.50% over the previous five days, according to in google finance.
Saylor isn’t afraid of a major Bitcoin crash
However, Saylor said he would not be concerned if Bitcoin experiences a more significant fall.
Related: Bitcoin sinks below $90k: bitmine, bitwise execs tip bottom this week
“The company is engineered to take an 80 to 90% drawdown and continue to explore,” he said.
“So I think we’re pretty indestructible,” he said. “Our action is known, the level of 10 to 15% towards zero now, which is very stable,” he said.
However, veteran businessman Peter Brandt cautions against that approach could be left “under the sea” if his thesis of the Bitcoin chart following the soy bubble scenario back in the 1970s is correct.
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