Michael Saylor Proves Bitcoin Is Tame With a Chart Where His Own Stock Hits 94%

Michael Saylor argued that Bitcoin’s volatility looks modest beside the swings in Strategy’s stock, which he said had fallen 94% in a historical drawdown chart. The comparison highlights that Strategy shares add leverage and company-specific risk to Bitcoin exposure, so they can move far more sharply than BTC itself. It does not show that Bitcoin is risk-free; rather, it underscores the distinction between holding Bitcoin and buying a leveraged corporate proxy.