Michael Saylor Says He's 'Back to Work' After Bitcoin Triggers $792 Million Liquidations

Cover image via depositphotos.com Disclaimer: The opinions expressed by our writers are their own and do not represent the views of U.Today. The financial and market information provided on U.Today is intended for informational purposes only. U.Today is not liable for any financial losses incurred while trading cryptocurrencies. Conduct your own research by contacting financial experts before making any investment decisions. We believe that all content is accurate as of the date of publication, but certain offers mentioned may no longer be available. After a stunning Bitcoin selloff that broke a nearly four-year streak, Michael Saylor's signature laser-eyes meme captioned "₿ack to Work" triggered a heated market debate, splitting the crypto community into polar camps. While some view it as a rallying cry to aggressively buy the local bottom, others anxiously brace for further liquidations from Strategy. Advertisement This nervousness is well-founded, as earlier this week, the company violated its sacred "never sell" principle by dumping 32 BTC to fund dividends, a move that immediately triggered a Bitcoin correction from $74,000 to $66,000. $792 million wipeout clashes with Strategy's debt architecture Saylor's verbal intervention comes during a brutal market flush . According to Coinglass, daily crypto liquidations topped $1.68 billion across 264,000 traders, with Bitcoin bearing $792.42 million of the blow - predominantly punishing over-leveraged longs worth $715.85 million. HOT Stories Microsoft Warns of Crypto-Stealing Trojan Hyperliquid (HYPE) ATH Run Needs Short Pause, Ethereum (ETH) Receives Massive Upside Room, Toncoin (TON) Golden Cross Might Not Help: Crypto Market Review This market downturn leaves Strategy's behemoth hoard of 843,706 BTC sitting on a massive unrealized loss exceeding $7.18 billion. Advertisement Saylor's post on Bitcoin price chart, Source: TradingView Under the hood, this pivot exposes critical vulnerabilities in Strategy's debt architecture. The core flywheel relies on STRC preferred shares, which guarantee investors an 11.5% annual dividend. However, a recent $1.5 billion debt buyback slashed the firm's fiat reserves to $871 million - leaving roughly a seven-month runway for payout obligations. When STRC shares drifted below their $100 par value and MSTR stock tumbled 15%, selling the 32 BTC became a forced liquidity calibration. You Might Also Like Tue, 06/02/2026 - 17:20 US Now Has Pro-Bitcoin Head of National Intelligence By Alex Dovbnya Advertisement While retail panic breeds worst-case scenarios, seasoned analysts urge a focus on hard numbers. The 32 BTC sale is mathematically negligible compared to the company's total reserves, making any "Saylor capitulation" narrative completely unfounded. Having patched the short-term cash crunch, the Strategy chief is likely returning to his standard dollar-cost averaging (DCA) routine. Ultimately, the survival of this bullish narrative hinges on whether the firm can stabilize its corporate debt without dipping back into its Bitcoin reserves . #Michael Saylor #Bitcoin #MicroStrategy