The post Michael Saylor Explains How Strategy Can Survive Bitcoin at $8,000? appeared first on Coinpedia Fintech News
Strategy founder Michael Saylor has responded to ongoing discussions suggesting the company could face a forced sell-off as Bitcoin’s price continues to decline. He said Strategy can still manage its debt even if Bitcoin crashes 88% to $8,000
He explained how the Strategy Convertible Debt Bitcoin Plan is designed to reduce long-term risk.
Here’s How Strategy can survive Bitcoin at $8,000?
Michael Saylor’s Bitcoin Strategy Shows No Forced Liquidation Risk
In a recent tweet post, Salyor said that the strategy’s balance sheet can handle extreme market pressure. As of now, the firm currently holds about 714,644 BTC, worth nearly $48.86 billion at recent prices.
While Bitcoin is trading near $68,000, below Strategy’s average purchase price of roughly $76,000, Saylor argues that short-term price drops do not threaten the company’s survival.
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