Bitwise CIO: Strategy Will Not Be Forced to Sell Bitcoin
On December 5, according to Cointelegraph, Bitwise Chief Investment Officer Matt Hougan stated that despite the decline in MStrategy (MSTR) stock price, the company will not be forced to sell its $60 billion worth of Bitcoin holdings. Hougan pointed out that MSTR has $1.4 billion in cash reserves, no debt repayment required before 2027, and the current Bitcoin price is around $92,000, higher than the company’s average purchase cost of $74,000.
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Bitwise CIO: Strategy Will Not Be Forced to Sell Bitcoin
On December 5, according to Cointelegraph, Bitwise Chief Investment Officer Matt Hougan stated that despite the decline in MStrategy (MSTR) stock price, the company will not be forced to sell its $60 billion worth of Bitcoin holdings. Hougan pointed out that MSTR has $1.4 billion in cash reserves, no debt repayment required before 2027, and the current Bitcoin price is around $92,000, higher than the company’s average purchase cost of $74,000.