New SEC Filing Shows Michael Saylor’s $78 Billion Bitcoin Strategy Faces A Major Danger

A new SEC submitting reveals recent dangers in Michael Saylor’s $78 billion Bitcoin plan. Even with these dangers, Saylor’s firm is seeing substantial beneficial properties from the Bitcoin it already holds. Michael Saylor shared the information on X, exhibiting each the success and the hazard behind his daring Bitcoin strategy.

SEC Filing Reveals Key Risks Of Michael Saylor’s Billion-Dollar Bitcoin Strategy

Michael Saylor’s put up on X shares the new SEC filing that explains Bitcoin’s wild worth strikes deliver critical dangers. According to the submitting, Bitcoin has fluctuated between $60,000 and $120,000 over the past year, making the corporate’s place unstable. Most of its complete belongings are in BTC, which means a sudden drop might end in vital losses. If costs fall sharply, the agency could should promote cash at a loss to lift money.

According to the SEC submitting, Saylor’s firm, Strategy, faces greater than $8 billion in debt and pays a whole lot of tens of millions in dividends every year. Because these heavy obligations create strain to keep up regular money circulation, the agency should depend on secure financing and a strong Bitcoin market to stay safe. Michael Saylor warns that, though present earnings seem promising, they might shortly fade if Bitcoin turns down. 

Strategy Posts $3.9 Billion Gain Without New Purchases

Even with these dangers, Michael Saylor experiences on X that Strategy earned about $3.9 billion from Bitcoin within the third quarter of 2025. The firm didn’t make any new purchases final week, however the Bitcoin it already holds gained worth. By the top of September, the firm had owned 640,031 BTC, bought at a mean worth of roughly $74,000 every. As the market closed the quarter above $114,000 per coin, the full price of its digital belongings rose to greater than $73 billion.

During the identical interval, the SEC submitting notes that Strategy additionally raised greater than $5 billion in new capital. This new capital keeps the Bitcoin technique funded, even with out new coin purchases. 

The submitting additionally reveals a tax merchandise of about $1.1 billion in deferred bills. Thanks to new Treasury guidelines, the corporate won’t depend these beneficial properties towards minimal tax this 12 months.

Michael Saylor’s replace on X reveals an organization having fun with file worth progress whereas nonetheless going through the dangers outlined within the SEC submitting. According to the SEC submitting, the same forces that create huge profits might trigger sharp losses if Bitcoin costs fall. The headline quantity is substantial, almost $4 billion in beneficial properties with out promoting any cash, but the main points warn of how shortly these beneficial properties might disappear. Saylor’s $78 billion BTC plan stays bold and profitable for now, however is open to sudden change if the market turns towards it.