Bitwise CIO: Strategy will not be forced to sell Bitcoin
ChainCatcher news, according to Cointelegraph, Bitwise CIO 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, does not need to repay its debt before 2027, and the current bitcoin price is around $92,000, which is higher than the company’s average purchase cost of $74,000.
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