{"id":34255,"date":"2026-07-13T06:15:10","date_gmt":"2026-07-13T06:15:10","guid":{"rendered":"https:\/\/bitunikey.com\/news\/is-saylors-leveraged-bitcoin-play-hurting-the-market\/"},"modified":"2026-07-13T06:15:24","modified_gmt":"2026-07-13T06:15:24","slug":"is-saylors-leveraged-bitcoin-play-hurting-the-market","status":"publish","type":"post","link":"https:\/\/bitunikey.com\/news\/is-saylors-leveraged-bitcoin-play-hurting-the-market\/","title":{"rendered":"Is Saylor\u2019s leveraged Bitcoin play hurting the market?"},"content":{"rendered":"<p><\/p>\n<div class=\"post-detail__content blocks\">\n<p class=\"is-style-lead\">Ross Gerber has renewed his criticism of Strategy founder Michael Saylor, saying the company\u2019s financing model is hurting Bitcoin.\u00a0<\/p>\n<div id=\"cn-block-summary-block_a697c10a0bf292156d0942fadd005295\" class=\"cn-block-summary\">\n<div class=\"cn-block-summary__nav tabs\">\n        <span class=\"tabs__item is-selected\">Summary<\/span>\n    <\/div>\n<div class=\"cn-block-summary__content\">\n<ul class=\"wp-block-list\">\n<li>Gerber says Strategy\u2019s leveraged Bitcoin model creates selling pressure instead of lasting value for investors.<\/li>\n<li>Strategy sold Bitcoin to fund dividends, weakening Saylor\u2019s long-standing image as a permanent corporate holder.<\/li>\n<li>Supporters argue limited sales show balance-sheet flexibility while Strategy remains Bitcoin\u2019s largest public corporate holder.<\/li>\n<\/ul><\/div>\n<\/div>\n<p><!-- .cn-block-summary --><\/p>\n<p>The chief executive of Gerber Kawasaki made the claim after Saylor posted an AI-generated video titled \u201cThe Right to Bear Arms.\u201d Gerber replied that Saylor was \u201cdestroying Bitcoin,\u201d but he did not provide data showing that Strategy alone caused the market\u2019s recent losses.<\/p>\n<p>The latest remark follows Gerber\u2019s earlier attacks on Strategy\u2019s treasury plan. In June, he accused Saylor of creating a \u201cnegative cycle\u201d by selling Bitcoin after promoting a long-term holding message. He also used the term \u201crug pull\u201d for the company\u2019s actions. Those comments represent Gerber\u2019s view. Public filings do not describe Strategy\u2019s sales as fraud or market manipulation.<\/p>\n<figure class=\"wp-block-embed is-type-rich is-provider-x wp-block-embed-x\">\n<div class=\"wp-block-embed__wrapper\">\n<blockquote class=\"twitter-tweet\" data-width=\"550\" data-dnt=\"true\">\n<p lang=\"en\" dir=\"ltr\">LOL. At some point this whole joke will end\u2026 amazing the guys who built bitcoin are the same ones destroying it.. <a rel=\"nofollow\" target=\"_blank\" rel=\"nofollow\" href=\"https:\/\/t.co\/bRlLvgevgs\">https:\/\/t.co\/bRlLvgevgs<\/a><\/p>\n<p>\u2014 Ross Gerber (@GerberKawasaki) <a rel=\"nofollow\" target=\"_blank\" rel=\"nofollow\" href=\"https:\/\/x.com\/GerberKawasaki\/status\/2076334058171498977?ref_src=twsrc%5Etfw\">July 12, 2026<\/a><\/p><\/blockquote>\n<\/div>\n<\/figure>\n<p>    <!-- .cn-block-related-link --><\/p>\n<h2 class=\"wp-block-heading\"><strong>Criticism centers on leverage and value creation<\/strong><\/h2>\n<p>Gerber\u2019s main complaint concerns the use of financial markets to increase Bitcoin exposure. Strategy has issued common shares, preferred stock and convertible notes to raise funds. It has used much of that capital to buy Bitcoin. Gerber argues that this process adds obligations without creating an operating asset that produces cash. <\/p>\n<p>He also says investors can gain Bitcoin exposure through regulated exchange-traded funds instead of buying Strategy shares. Gerber has promoted active ETFs as a way to manage capital gains.\u00a0<\/p>\n<p>Tax outcomes vary by fund structure and investor circumstances, so his statement does not apply equally to every holder. Strategy says its model combines Bitcoin reserves with equity and credit products rather than copying a spot ETF.<\/p>\n<h2 class=\"wp-block-heading\"><strong>Strategy\u2019s Bitcoin sales fuel the dispute<\/strong><\/h2>\n<p>As crypto.news reported, Strategy sold 3,588 BTC for about $216 million between June 29 and July 5. The company used the proceeds to fund dividends on several preferred stock products. After the sale, Strategy held 843,775 BTC and $2.55 billion in dollar reserves.\u00a0<\/p>\n<p>The transaction followed a wider plan that allows up to $1.25 billion in Bitcoin sales for liquidity needs. The company sold the coins below its average acquisition cost, according to disclosed figures, adding to debate over whether recurring payments could force more sales during weak markets.<\/p>\n<p>The sale gave Gerber fresh material for his criticism because Saylor had spent years promoting a buy-and-hold approach. However, Strategy had already changed its public position. In May, Saylor said a Bitcoin sale before year-end was \u201cnot unlikely.\u201d As previously reported, the company sold 32 BTC in late May, then bought 1,550 BTC and later added another 1,587 BTC.<\/p>\n<h2 class=\"wp-block-heading\"><strong>Strategy supporters reject Gerber\u2019s claims<\/strong><\/h2>\n<p>Supporters reject Gerber\u2019s description of the model. Blockstream chief executive Adam Back said limited Bitcoin sales showed treasury flexibility rather than weak conviction. He argued that Strategy could use part of its reserve to meet investor payments while keeping Bitcoin at the center of its balance sheet. The company remains the largest public corporate holder of Bitcoin despite its recent sales.<\/p>\n<p>Questions remain over how Strategy\u2019s capital structure performs during a prolonged market decline. The company\u2019s enterprise value had fallen below the value of its Bitcoin holdings for the first time. Its preferred products also create recurring dividend needs.\u00a0<\/p>\n<p>    <!-- .cn-block-related-link --><\/p><\/div>\n","protected":false},"excerpt":{"rendered":"<p>Ross Gerber has renewed his criticism of Strategy founder Michael Saylor, saying the company\u2019s financing model is hurting Bitcoin.\u00a0 Summary Gerber says Strategy\u2019s leveraged Bitcoin model creates selling pressure instead&hellip;<\/p>\n","protected":false},"author":1,"featured_media":33256,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[1],"tags":[],"class_list":["post-34255","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-cryptocurrency"],"_links":{"self":[{"href":"https:\/\/bitunikey.com\/news\/wp-json\/wp\/v2\/posts\/34255","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/bitunikey.com\/news\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/bitunikey.com\/news\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/bitunikey.com\/news\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/bitunikey.com\/news\/wp-json\/wp\/v2\/comments?post=34255"}],"version-history":[{"count":1,"href":"https:\/\/bitunikey.com\/news\/wp-json\/wp\/v2\/posts\/34255\/revisions"}],"predecessor-version":[{"id":34256,"href":"https:\/\/bitunikey.com\/news\/wp-json\/wp\/v2\/posts\/34255\/revisions\/34256"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/bitunikey.com\/news\/wp-json\/wp\/v2\/media\/33256"}],"wp:attachment":[{"href":"https:\/\/bitunikey.com\/news\/wp-json\/wp\/v2\/media?parent=34255"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/bitunikey.com\/news\/wp-json\/wp\/v2\/categories?post=34255"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/bitunikey.com\/news\/wp-json\/wp\/v2\/tags?post=34255"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}