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Strategy has $1.4 billion in cash, no debt due until 2027, and Bitcoin’s price is above the company\u2019s cost basis, making a sale unlikely, argues Matt Hougan.<\/p>\n
Strategy (MSTR) won\u2019t be forced to sell Bitcoin to stay afloat if its share price drops, and those who say otherwise are \u201cjust flat wrong,\u201d says Bitwise chief investment officer Matt Hougan.<\/p>\n
\u201cThere is nothing about MSTR\u2019s price dropping below NAV [net asset value] that will force it to sell,\u201d Hougan argued in a note<\/a> on Tuesday, pointing to chairman Michael Saylor\u2019s steadfast conviction in Bitcoin (BTC<\/a>).<\/p>\n \u201cIt would indeed be very bad for the Bitcoin market if MSTR had to sell its $60 billion of Bitcoin in one go \u2014 that\u2019s akin to two years of Bitcoin ETF inflows,\u201d Hougan said. \u201cBut with no debt due until 2027 and enough cash to cover interest payments for the foreseeable future, I just don\u2019t see it happ<\/a>ening.\u201d<\/p>\n Read more<\/p>\n<\/p>\n If you liked the article, do not forget to share it with your friends. Follow us on\u00a0Google News<\/a><\/span>\u00a0too, click on the star and choose us from your favorites.<\/span><\/strong><\/p><\/blockquote>\n If you want to read more News<\/a> articles, you can visit our General category.<\/a><\/span><\/strong><\/p>\n<\/blockquote>\n\n