Odaily News Analysts Willy Woo stated that Michael Saylor's Strategy (MSTR) does not need to sell part of its Bitcoin reserves to repay debts during the next major fall in the cryptocurrency market. The company's debt mainly consists of convertible preferred notes. Strategy can choose to repay its maturing convertible debt with cash, common stock, or a combination of both. The company has approximately $1.01 billion in debt maturing on September 15, 2027. To avoid the need to sell Bitcoin to repay the debt, the stock price of Strategy must be above $183.19. He added that this price is roughly equivalent to a Bitcoin price of around $91,502, assuming mNAV is 1. (CoinDesk)
This page may contain third-party content, which is provided for information purposes only (not representations/warranties) and should not be considered as an endorsement of its views by Gate, nor as financial or professional advice. See Disclaimer for details.
Analyst: The price of Strategy stock must be above $183.19 to avoid dumping Bitcoin to repay debts.
Odaily News Analysts Willy Woo stated that Michael Saylor's Strategy (MSTR) does not need to sell part of its Bitcoin reserves to repay debts during the next major fall in the cryptocurrency market. The company's debt mainly consists of convertible preferred notes. Strategy can choose to repay its maturing convertible debt with cash, common stock, or a combination of both. The company has approximately $1.01 billion in debt maturing on September 15, 2027. To avoid the need to sell Bitcoin to repay the debt, the stock price of Strategy must be above $183.19. He added that this price is roughly equivalent to a Bitcoin price of around $91,502, assuming mNAV is 1. (CoinDesk)