Strategy CEO Says Bitcoin Can Drop Below $10,000 Without Hurting MSTR
Strategy CEO Phong Le stated that Bitcoin's price can drop as low as $10,000 without causing significant strain on MSTR. This is based on the company's financial math.
The company's U.S. dollar reserve would cover 25 months of dividends and interest at a price of $9,000 for Bitcoin, which is an 86% decline from its current price of around $63,000. Strategy also has a large stash of Bitcoin, with 843,775 units worth over $7.6 billion at the lower price.
This would give the company enough liquidity to pay off its debt and maintain operations even if Bitcoin's price stays under $10,000 for an extended period.