MicroStrategy Issues 93% Crash Warning to Bitcoin Investors

MicroStrategy, a company known for its Bitcoin holdings, has published a guide that warns investors about the potential risks of investing in BTC. The document highlights that Bitcoin has already experienced a 93.1% crash, which occurred at the 2011 low, and notes that this is the deepest drop in the asset's trading history.

The guide also mentions that being right about Bitcoin over the long-term does not protect investors from short-term losses, citing an example where someone who was correct about Bitcoin's appreciation could still lose money through leverage or other means.

This warning carries weight because it comes from Michael Saylor, MicroStrategy's Executive Chairman, who has personal experience with a similar crash. In 2000, MicroStrategy restated three years of revenue, causing the stock to plummet by 62% in one day. The SEC later charged him with fraud.

The company currently holds 845,050 BTC at an average cost of $75,412, which is only about 2% above water and 38.8% below its October 2025 record. Recent buys are already losing money, as the company resumed buying on August 31 but stopped after just one week.