Strategy, the largest bitcoin holder, stated that it is able to survive the collapse of BTC to $ 8 thousand and retain sufficient assets to fully cover the debt. The company has over 714,000 BTC in reserve, which at the current exchange rate is estimated at about $49.3 billion; the average purchase price is about $76,000. According to Strategy’s calculations, assets will equal liabilities approximately with an 88% decrease in the BTC exchange rate to $8 thousand. The company’s liabilities amount to about $6 billion, and repayment of debts is planned for 2027 and 2032.
To reduce the risk of non-payments, Strategy plans to convert debt into shares, which will eliminate the issuance of additional priority debts. However, such a move may lead to a divorce of the shares of existing shareholders due to the additional issue, experts say.
The market is closely monitoring the situation: if Strategy starts selling some of its BTC reserves to service debt, this could put pressure on the crypto market.