Strategy (MSTR) news: Saylor shoots down any idea of forced BTC sale
Michael Saylor affirmed Strategy's commitment to buying bitcoin, calling concerns of a forced sale 'unfounded' due to strong leverage ratios and cash reserves.Summary
Strategy Executive Chairman Michael Saylor dismissed concerns that the company would be forced to sell its Bitcoin holdings amid falling prices, labeling such worries as "unfounded." He emphasized Strategy's strong financial position, noting their net leverage ratio is half that of typical investment-grade companies, and they possess enough cash reserves to cover two and a half years of dividends, alongside long-term dividend streams. Saylor asserted that Strategy intends to continue buying bitcoin every quarter indefinitely. This statement follows Strategy reporting significant Q4 losses, largely due to non-cash mark-to-market accounting related to Bitcoin's price decline, and the company's average cost per coin ($76,056) being above the current market price. Saylor views Bitcoin's volatility as a feature, not a bug, given its potential for superior long-term performance compared to traditional assets like the S&P 500.
(Source：CoinDesk)