Michael Saylor: Market Concerns About Strategy Being Forced to Sell Bitcoin Are "Unfounded"

Odaily News Michael Saylor, Executive Chairman of Strategy (MSTR), stated in an interview with CNBC that market concerns about the company being forced to sell BTC due to the decline in Bitcoin's price are "unfounded." He reiterated that the company will continue to execute its long-term strategy of accumulating Bitcoin.

Saylor mentioned that Strategy's current net leverage level is lower than that of typical investment-grade companies, and there is no credit risk on its balance sheet. The company not only has no plans to sell but also expects to "continue buying Bitcoin every quarter." Last week, Strategy purchased approximately 1,142 BTC for about $90 million, bringing its total holdings to 714,644 BTC, with an average cost of around $76,056.

He pointed out that Bitcoin's high volatility is both a risk and a characteristic, and he believes that as "digital capital," it is still expected to outperform traditional assets over the next 4 to 8 years. Previously, Strategy reported a fourth-quarter operating loss of $17.4 billion and a net loss of $12.6 billion, primarily due to valuation adjustments on its Bitcoin holdings resulting from the price decline. (Coindesk)