Michael Saylor informed CNBC one thing, Strategy plans no Bitcoin sales, even as price baiting carries large paper losses.
Saylor referred to the post as a long term position, but not trade. He opined that credit risk remains minimal unless Bitcoin falls 90 percent and remains long-term. In such pressure, he continues to predict debt refinancing to continue. CEO Phong Le also expressed a comparable opinion, indicating liquidation risk only appears in case Bitcoin is close to $8,000 by 2032.
A financial cushion also was mentioned by Saylor. He stated that the company has approximately two and a half years of cash flow to pay dividends and debt payments. He has included that net leverage is approximately 50 percent of a typical investment grade company.
Buying plans stay the same. Saylor reported that the company spent billions to buy Bitcoin and intends to make a purchase every quarter. On the week between 2 and 8, strategy reported another weekly acquisition of 1,142
$BTC . The unrealized loss is now reported to be approximately at $5.1B with the drop of Bitcoin below the average entry of the company at around 76,056.
He linked the recent swings of $MSTR shares to the pullbacks in Bitcoin, following a dismal four months decline as well as a recent leap of 25 percent in a single day. He further added that MSTR is traded on a high liquidity and options open interest has been placed among the leading in the U.S. markets. According to TradingView information, MSTR was trading at approximately $134.93 and was down 2.38 percent today.
Saylor resisted claims of miner costs of $60,000 floor and an 12 month price call. He indicated that in the coming 4-8 years, Bitcoin will outperform S&P 500 by 2-3 times.
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