- Bitcoin-focused firm Strategy (MSTR) said that it has enough assets to withstand a drop in Bitcoin’s (BTC-USD) price to $8,000 while still fully covering its debt obligations.
- "Strategy can withstand a drawdown in $BTC price to $8K and still have sufficient assets to fully cover our debt," the Michael Saylor-led company said on X.
- The company, which holds more bitcoin than any other publicly traded company, has accumulated 714,644 BTC, worth roughly $49.3 billion at current prices, since adopting it as a treasury asset in 2020.
- Strategy (MSTR) shares have, however, fallen nearly 60% over the past year.
Strategy
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