Tolstoy’s Take: Saylor’s Bitcoin Gospel Amid the Storm

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In the vast and tempestuous sea of financial speculation, where the waves of greed and fear crash with unrelenting fury, there stands a figure, unyielding, almost quixotic in his resolve. Michael Saylor, the modern-day Don Quixote of the cryptocurrency realm, has once again taken up his lance, not against windmills, but against the very notion of selling Bitcoin. As the market, a fickle and mercurial beast, reels from the latest plunge in the coin’s value, Saylor offers not a strategy, but a creed-a gospel of HODLing, as sacred and unyielding as any religious doctrine.

The Gospel According to Saylor

In a proclamation that echoes through the digital ether, Saylor, with the gravitas of a prophet, has revealed his immutable Rules for Bitcoin. “Buy Bitcoin,” he declares, a commandment he has preached since the halcyon days of August 2020, when he first ventured into this digital El Dorado. But it is the second rule, delivered with the sternness of a father chastising a wayward child, that captures the essence of his philosophy: “Don’t Sell the Bitcoin.”

The Rules of Bitcoin
1. Buy Bitcoin
2. Don’t Sell the Bitcoin

– Michael Saylor (@saylor) February 3, 2026

Ah, but the market, that cruel and fickle mistress, has tested even the most steadfast of believers. The price of Bitcoin, once soaring like an eagle, has plummeted like a stone, falling below the cost price of Strategy, Saylor’s own business intelligence and software firm. Earlier this week, Strategy acquired 855 BTC for approximately $75.3 million, a sum that now seems as distant as the stars. At $87,974 per Bitcoin, the current price has forced the company to record an unrealized loss, a wound that bleeds into the millions.

As of February 1, the company holds 713,502 BTC, acquired for a staggering $54.26 billion. With an average cost of $76,052 per Bitcoin, the negative correlation between the BTC price and MSTR NAV has left investors whispering of a sell-off. Yet, Saylor, with the stubbornness of a mule and the conviction of a martyr, stands firm. A sell-off, he proclaims, is as unthinkable as a sunset without stars.

The Crypto Market’s Tragicomedy

The ripple effect of Bitcoin’s fall has been felt across the digital realm. Ethereum, once a towering giant, has dropped below $2,500, while Cardano, like a fallen knight, has been cast out of the top 10 crypto assets, making room for the upstart Hyperliquid. Amid this chaos, the crypto community clings to the Jim Cramer effect, as the media personality offers a new take on the asset’s price. It is a scene both tragic and comic, a farce played out on the grand stage of financial speculation.

Yet, in this maelstrom, there is a glimmer of hope. The actions of Saylor’s Strategy and Tom Lee’s Bitmine serve as a testament to the enduring faith of institutions in a potential uptrend. Like the characters in a Tolstoy novel, they are driven by a mix of idealism and stubbornness, their fates intertwined with the unpredictable currents of the market. Will they emerge as heroes or fools? Only time, that implacable judge, will tell.

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2026-02-03 18:34