Strategy: BTC would need to fall to $8K for holdings to not cover debt

Strategy (MSTR), the Michael Saylor-led company formerly known as MicroStrategy, argued in its latest investor relations materials that its Bitcoin holdings would fail to cover its net debt only in the most extreme scenario of BTC falling to $8,000. The company added that at a reference price of $84,000, its Bitcoin holdings were valued at $59.7 billion, approximately 10 times its net debt of $6 billion. Bitcoin is currently trading at $63,634, down about 24% from the price cited in the materials.