SwanDesk CEO says Saylor's strategy captured only 2% of BTC's upside

SwanDesk CEO Jacob King has criticized Michael Saylor, co-founder of Strategy, questioning his investment ability. The critique came in response to a social media post that praised Strategy for continuing to buy BTC during the 2022 crypto winter—even as the price fell to $16,000—while maintaining an average purchase price of $30,000. King argued that while BTC has risen 1,000% since Strategy's initial purchase, the company's actual return is only 22%. He stated that by excessively raising its average purchase price, the firm has captured just 2% of the total upside. King accused Saylor of repeating a pattern from the dot-com bubble, during which Saylor lost 99% of his personal fortune.