Michael Saylor’s Space-Opera: Bitcoin, Delistings & the Unending Saga of HODL

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In what can only be described as the financial universe’s version of a particularly stubborn species of garden gnome, Michael Saylor’s Strategy (formerly MicroStrategy, now basically a crypto-themed soap opera) hints it might boldly go where no bitcoin holder has gone before – buying more during the chaos, because apparently, that’s the secret to eternal wealth or at least a good story for the next dinner party. 🪐

Amid the cryptic black hole of market despair, Strategy took a moment from its cosmic quest and floated on X (because why not have social media platforms as a space station?), reminding us all of its 2022 playbook. You know, when Bitcoin was trying to find its lost sock in the laundry of financial despair:

In the depths of the 2022 crypto winter, our average cost basis was $30K while Bitcoin traded nearly 50% below it at $16K. What did we do? We bought more. 🚀 – Strategy (@Strategy) November 21, 2025

So, it appears that if the market dips into the abyss, Strategy might just grab a space suit and buy the dip again. Or perhaps it’s just practicing for the day Bitcoin gets itself out of the cosmic mess it’s currently in.

Will Bitcoin’s Stellar Performance Make Strategy’s Star Shine Brightly or Dim?

Meanwhile, on planet Wall Street, JPMorgan (who always has a finger on the cosmic pulse) predicts that Strategy could unleash a financial supernova, with up to $2.8 billion flowing out faster than a comet on a collision course if MSCI reclassifies it. And if more index providers decide to play intergalactic hardball? That’s another $8.8 billion more in redemptions – in other words, more cash flying into the black hole. 🌌

Strategy is still orbiting major financial constellations like Nasdaq-100 and MSCI, which collectively hold about $9 billion of its mighty $50 billion market cap hostage in passive funds. MSCI’s cosmic decision on January 15, 2026, might be the moment the universe decides whether Strategy stays in the galaxy or gets ejected into the void.

Michael Saylor’s Interstellar Take on Strategy and Bitcoin

Saylor, the space cowboy of the financial cosmos, responded to intergalactic worrywarts by insisting Strategy isn’t just some mundane fund or trust but an “operating company,” complete with a $500 million software spaceship and a “treasury strategy that uses Bitcoin as productive capital.” Because why store wealth when you can turn it into digital space dust? 💫

He also boasted about five public offerings this year, totaling $7.7 billion in digital securities – which, in the universe of finance, sounds like a lot of zeros and a few alien invasions. According to Saylor, Strategy “creates, structures, issues, and operates” as if it’s an intergalactic banking starship, aiming to innovate across both the capital markets and the software nebula.

Response to MSCI Index Matter

Strategy is not a fund, not a trust, and not a holding company. We’re a publicly traded operating company with a $500 million software business and a unique treasury strategy that uses Bitcoin as productive capital. 🚀

This year alone, we’ve completed…

– Michael Saylor (@saylor) November 21, 2025

Meanwhile, Bitcoin itself decided to throw a cosmic tantrum, plunging to a seven-month low near $80,000, as if to say, “You think we’re done? Hold my space coffee.” 😎 This drop wiped out all of Bitcoin’s gains for 2025, leaving Ethereum just shy of a 19% tumble – the universe’s way of saying, “Better luck in the next galaxy.”

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2025-11-22 16:00