Strategy CEO Backs MSTR to Beat Bitcoin as $190 Million, $414 Million Crypto Losses Mount
Updated
Updated · Yahoo Finance · Aug 16
Strategy CEO Backs MSTR to Beat Bitcoin as $190 Million, $414 Million Crypto Losses Mount
2 articles · Updated · Yahoo Finance · Aug 16
Summary
Phong Le says Strategy shares can outperform Bitcoin in the next bull market, arguing investors should wait through the current crypto downturn.
Strategy’s shift to a "sometimes sell your Bitcoin" approach undercuts the hardline buy-and-hold message that long defined the company and fueled its earlier stock premium.
That change matters because a selling cycle could reverse the old treasury flywheel: unrealized losses may become realized losses and pressure other corporate Bitcoin holders to sell.
Trump Media reported a $190 million loss on its crypto position and Twenty One Capital logged a $414 million loss on Bitcoin holdings, reinforcing doubts about the treasury-company model.
Bitcoin miners may still outperform in a rally, but many are redirecting computing power toward AI, where billion-dollar compute deals are proving more profitable than mining BTC.