Strategy won’t be forced to sell Bitcoin if stock drops, Bitwise CIO says
Strategy has $1.4 billion in cash, no debt due until 2027, and Bitcoin's price is above the company’s cost basis, making a sale unlikely, argues Matt Hougan.
Strategy (MSTR) won’t be forced to sell Bitcoin to stay afloat if its share price drops, and those who say otherwise are “just flat wrong,” says Bitwise chief investment officer Matt Hougan.
“There is nothing about MSTR’s price dropping below NAV [net ******* et value] that will force it to sell,” Hougan argued in a note on Tuesday, pointing to chairman Michael
Strategy has $1.4 billion in cash, no debt due until 2027, and Bitcoin's price is above the company’s cost basis, making a sale unlikely, argues Matt Hougan.
Strategy (MSTR) won’t be forced to sell Bitcoin to stay afloat if its share price drops, and those who say otherwise are “just flat wrong,” says Bitwise chief investment officer Matt Hougan.
“There is nothing about MSTR’s price dropping below NAV [net ******* et value] that will force it to sell,” Hougan argued in a note on Tuesday, pointing to chairman Michael
17 days ago
