This week, Bitcoin has seen a significant decline, falling sharply as its previous 1,000% price surge is now a distant memory. Early investors are comparing this drop to the state of Bitcoin back in 2013.
After reaching a peak of $126,000 in October 2025, Bitcoin managed to rebound briefly above $80,000, but it has since dipped below critical thresholds, prompting a wave of anxiety on Wall Street.
Michael Saylor’s Bitcoin acquisition firm, Strategy, has indicated that it may need to liquidate some of its sizable $63 billion Bitcoin holdings. This comes as Saylor has voiced concerns that the U.S. dollar may be nearing a collapse.
In a recent regulatory filing, Strategy revealed plans to repurchase $1.5 billion in debt at a discount, mentioning that selling Bitcoin could be a potential funding source. The move raises eyebrows, especially when considering how it might impact Bitcoin’s market price.
Saylor, known for his bullish stance on Bitcoin, recently hinted at the possibility of selling some of Strategy’s Bitcoin to fulfill a promise of dividend payments, which has led to worries about a potential collapse in both Bitcoin and the company’s stock prices.
On a recent earnings call, he noted the intent to demonstrate market confidence by possibly selling some Bitcoin to pay dividends, which contradicts his earlier narrative of holding onto Bitcoin.
Even so, Strategy’s stock has dropped 60% since its peak in summer 2025, closely mirroring Bitcoin’s downturn as it continues to offer a monthly dividend of about 11% while experimenting with controversial stock offerings.
During the same call, Strategy’s CEO mentioned that selling Bitcoin, when beneficial, isn’t off the table. “We want to be a pure aggregator of Bitcoin,” he said, signaling a shift in Strategy’s long-term outlook.
While Saylor dismissed concerns about a potential Bitcoin price crash due to sales, it’s important to recognize that Strategy’s significant accumulation of Bitcoin has given it notable influence in the market.
Despite the volatility, Strategy’s recent strategy has surprised many, signaling a shift from the idea of forever holding Bitcoin to a more flexible approach. Analysts have warned that if Saylor starts selling, the price could drop, creating panic among investors.
There are fears that large sales could push Bitcoin back down to below $40,000, particularly if market conditions remain unfavorable. The situation requires careful monitoring as speculation around the company’s intentions might impact investor confidence.
