Strategy Can Fully Cover $6 Billion In Debt if Bitcoin Drops 90%, But What Happens Below That Line?
Strategy (MicroStrategy) today asserted it can fully cover its $6 billion debt even if Bitcoin falls 88% to $8,000. However, the bigger question is what happens if the Bitcoin price falls below that line? The company’s post highlights its $49. 3 billion Bitcoin reserves (at $69,000/BTC) and staggered convertible note maturities running through 2032, designed to avoid immediate liquidation. Strategy Reiterates What Happens If Bitcoin Price Drops to $8,000 Only days after its earnings call, Strategy has reiterated the $8,000 prospective Bitcoin price and what would happen to the company in such an event for the second time
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