According to analyst Willy Woo of Odaily, Michael Saylor's Strategy (MSTR) will not need to sell part of its Bitcoin reserves to pay off debt in the event of the next major cryptocurrency market downturn. Strategy's debt primarily consists of convertible senior notes. The company can choose to repay maturing convertible debt with cash, common stock, or a combination of both. Strategy has approximately $1.01 billion in debt maturing on September 15, 2027. To avoid needing to sell Bitcoin to repay debt, Strategy's stock price must trade above $183.19. He added that this price roughly equates to a Bitcoin price of around $91,502, assuming an mNAV of 1. (CoinDesk)