Michael Saylor Says Strategy Can Cover Debt Even If Bitcoin Crashes to $8,000

Michael Saylor Reiterates Strategy's Resilience Amid Bitcoin Price Drops

Michael Saylor, the CEO of Strategy, has reaffirmed his confidence in the company's ability to withstand further declines in the Bitcoin price. The firm, which manages Bitcoin as a treasury asset, has outlined plans to manage its debt in the face of a potential Bitcoin price crash.

Strategy's Resilience in the Face of Adversity

• Strategy has revealed that it can cover its debts even if the Bitcoin price were to drop to $8,000, as outlined in a recent chart.
• The company currently holds $6 billion in net debt, and a 88% crash in the Bitcoin price would not affect its reserve value.

Equitizing Convertible Debt: A Plan for the Future

Michael Saylor has announced that the company plans to equitize its convertible debt over the next 3-6 years. This will reduce the debt on the balance sheet by issuing stock instead of taking on new senior debt.

No Plans to Sell Bitcoin

Despite the ongoing Bitcoin drawdown, Michael Saylor has consistently maintained that Strategy has no intention to sell any of its coins. In fact, the company plans to continue buying Bitcoin at least once a quarter.

Recent Developments

• On Monday last week, Strategy bought 1,142 BTC coins worth around $90 million.
• Yesterday, Michael Saylor hinted at another Bitcoin buy, sending the company's stock price up by around 10% in pre-market trading.

A Case for Pro-Bitcoin Legislation

Michael Saylor has recently made a case for the United States government to be more proactive in its Strategic reserve, urging it to adopt Bitcoin as it did gold. He has also called for pro-BTC legislation to support innovation in the country.

Michael Saylor regularly updates his followers on the company's Bitcoin holdings. Yesterday's post hinted at another potential buy, sparking a positive reaction in the company's stock price.