Michael Saylor, CEO of Strategy, addressed concerns about the company’s credit risk amid a significant decline in Bitcoin’s value, stating that if bitcoin prices continue to fall, the firm intends to refinance its debt rather than sell any digital asset holdings. Saylor emphasized that Strategy is committed to accumulating bitcoin every quarter, underscoring the corporate strategy to integrate bitcoin as a fundamental component of the company’s balance sheet. Despite bitcoin’s recent volatility, which has seen its price level fall significantly, Saylor remains steadfast in the belief that the cryptocurrency’s inherent volatility supports its long-term value proposition and ongoing accumulation. Strategy holds a substantial amount of bitcoin and faces scrutiny over its reliance on bitcoin-backed financial strategies, yet the company has substantial cash reserves to cover dividends for over two years.
Strategy CEO Saylor commits to Bitcoin buying spree amid debt refinancing plans
