Bitwise CIO: Strategy will not be forced to sell Bitcoin

According to Odaily Planet Daily, Bitwise Chief Investment Officer Matt Hougan stated that even if MSTR's stock price falls, the company will not be forced to sell Bitcoin to maintain operations, and those who hold the opposite view are "completely wrong."

“If MSTR were forced to sell its $60 billion worth of Bitcoin all at once, that would be really bad for the Bitcoin market—that’s equivalent to two years’ worth of Bitcoin ETF inflows,” Matt Hougan said. “But since the company has no debt maturing until 2027 and has enough cash to cover foreseeable future interest payments, I don’t think that’s going to happen.”

Earlier reports indicated that Strategy CEO Phong Le stated last week that the company might be "forced" to sell some of its Bitcoin holdings if Strategy's market capitalization falls below the value of its Bitcoin holdings, exacerbating concerns that Strategy might sell a significant portion of its Bitcoin portfolio. (Cointelegraph)