Strategy CEO “No risk of company liquidation even if BTC crashes 98%”

Michael Saylor, founder of Strategy (formerly MicroStrategy), said in an interview with UBlockchain that even if BTC crashed by 98%, Strategy would not face the risk of liquidation. “I don't agree (that Strategy's average buy price for BTC in the future could exceed $150,000, which would put the...

Strategy (Micro) No risk of company liquidation (SpotedCrypto)

Michael Saylor, founder of Strategy (formerly MicroStrategy), said in an interview with UBlockchain that even if BTC crashed by 98%, Strategy would not face the risk of liquidation. “I don't agree (that Strategy's average buy price for BTC in the future could exceed $150,000, which would put the company at risk),” he said. We currently hold between $45 billion and $50 billion in BTC, with only $3 billion in debt. Moreover, our debt is secured by our assets, so the value of BTC we hold is actually 15x our debt. In addition, our bonds have a maturity of more than four years, so if BTC were to crash to $1 tomorrow, we wouldn't have a problem.”

Strategy (Micro) No risk of company liquidation (SpotedCrypto)