Strategy CEO on Bitcoin Fundamentals: ‘Couldn’t Be Better’

In 2025, Bitcoin's key metrics remained strong despite price declines.

In 2025, the key metrics of the leading cryptocurrency remained robust, despite a decline in price and worsening sentiment towards the year’s end. This was stated by MicroStrategy CEO Phong Le.

“The fundamental market indicators for Bitcoin this year couldn’t be better,” the executive noted on the Coin Stories podcast.

Le emphasized that he is not overly concerned with short-term dynamics—the price “is doing its job.”

“When you’re an investor, you think about the long-term perspective of the asset class,” he said.

In early October, Bitcoin prices reached a new all-time high just above $126,000. However, the rapid rise was soon followed by a prolonged correction.

At the time of writing, digital gold is trading around $89,300—29.3% below its peak. A popular market sentiment indicator has been signaling “extreme fear” among investors for some time.

“Price is Often Unpredictable”

According to Le, predicting short-term price movements is nearly impossible. In such situations, investors should act methodically and with “mathematical precision.”

“That’s why we focus on things like mNAV, having created a Bitcoin treasury,” he said.

Amid the decline in Bitcoin’s price, the aforementioned ratio fell below 1. The company holds 671,268 BTC, valued at ~$59.8 billion.

Optimism for the Future?

Regarding long-term prospects, Phong Le spoke of unprecedented support for Bitcoin from U.S. authorities.

The executive also mentioned meetings with bankers in the United States and the UAE. According to him, traditional financial institutions are eager to catch up and enter the market.

“The government, the U.S. banking system—they’re all starting to support Bitcoin […]. This is an extremely bullish signal for the current and 2026 year,” Le emphasized.

Back in the days before the correction, Strategy acquired 10,624 BTC for $962.7 million. The average price was $92,098 per coin.